Chinese companies are famous for their business acumen, but a domestic car brand has just taken this to a new level.
As local governments issue more bonds this year to tackle rising challenges from the coronavirus hit, financial experts have urged the Chinese government to fend off potential risks with better auditing and assessment procedures.
Hong Kong's financial markets are only marginally affected by simmering tensions between the world's top two economies, observers said, predicting stability in the city's stock market and its pegged currency.
Canada seems to be getting more paranoid in the aftermath of a court ruling against Huawei CFO Meng Wanzhou that sparked a new wave of indignation among Chinese public, with some in Canada wondering whether China would take retaliatory measures like more trade restrictive measures.
As UK-backed groups like Jardines Group publicly support the national security legislation for Hong Kong Special Administrative Region, the embattled banking giant HSBC, a leading lender in Hong Kong, has remained silent, prompting Chinese experts to call for “necessary countermeasures” against the London-based lender – for example, putting it on the country's unreliable entity list.
Domestic chipmaker Semiconductor Manufacturing International Corp (SMIC)'s planned IPO on the Sci-Tech Innovation Board may give it a much-needed shot in the arm to speed up research and development into 7-nanometer chips and assume the role of leading player Taiwan-based TSMC in supplying Huawei in the coming two to three years, industry insiders say.
Chinese demand for iron ore, a key raw material for making steel, is on the rise -- and Brazil is expected to seize a bigger market share despite a slump in May shipments, Chinese experts said on Tuesday.
China's leading rare-earth supplier is speeding up construction of production facilities for ceria-zirconia solid solution that are expected to open in September. Experts said the development shows that China's rare-earth ceria-zirconia solid solution technology has broken international monopoly.
Beijing could be sending Washington an implicit warning that it could halt purchases of US agricultural products, in case the Trump administration imposes harsh sanctions on the Hong Kong Special Administrative Region (HKSAR) over the national security legislation by China's National People's Congress.
China's market could be a “lifesaver” for European airlines, some of whom have been pushed to the brink of bankruptcy under the fallout of COVID-19 that has grounded most planes, industry insiders said.
More and more cars are running on the roads as coronavirus lockdown measures significantly ease in China. The country is now well on its road to regaining economic vitality.
Hong Kong's stock markets edged up on Monday despite repeated US threats to act against the city after the mainland proposed a new national security law for the special administrative region.
In order to boost consumption and revive the economic growth of virus-hit Hubei Province, the provincial government introduced 30 measures, including allocating 200 million yuan ($28.02 million) to subsidize 5G base stations building to push forward digital consumption.
China's financial risks are generally under control, while challenges remain as the COVID-19 pandemic has dealt a severe blow to global economic growth, said the central bank.
US President Donald Trump's pledge to make the US great again might prove to be in vain, owing to Washington's repeated biased measures against China, such as a clampdown on Chinese firms listed on the Wall Street, experts said, noting that such moves dent US' image of an open and fair global market.
China's credit rating sector is set to embrace further opening-up both domestically and globally, beefing up financial services' support for the real economy, China's central bank said on Friday.
China has opened a “fast-track" entry system for crucial employees from eight countries, excluding the US, to return to work in China. A recent survey showed global travel disruptions remain the top concern for US companies in China.
China's top economic planner said Thursday that it would keep domestic gasoline and diesel prices unchanged as the international crude prices are still lower than the "floor rates."