Month: January 2024
PBOC Cuts Reserve Ratio By 50 Basis Points
Starting on February 5, the reserve requirement ratio (RRR) for financial institutions will be lowered by 0.5 percentage points by the Chinese central bank, resulting [more…]
New Stock Market Stabilization Measures Discussed
Early on Tuesday, Chinese stocks surged as policymakers discussed a set of steps to steady the falling market. Authorities are attempting to raise roughly 2 trillion [more…]
Huawei Spins Off EV Unit
In an effort to further expand its smart car business, Huawei Technologies has registered Shenzhen Yinwang Intelligent Technology as a new company with a registered [more…]
Premier Li Qiang: China GDP Grows 5.2%
According to Premier Li Qiang’s statement on Tuesday at the World Economic Forum in Davos, Switzerland, China’s GDP is predicted to rise by 5.2% in [more…]
China Trade Data for 2023 Released
China’s foreign trade value dropped by 5% to USD5.9 trillion last year, with exports falling by 4.6% to USD3.38 trillion and imports by 5.5% to [more…]
China Increases Regulation On LGFV Offshore Bonds
Chinese regulators have closed a regulatory gap that allowed highly indebted local government finance vehicles (LGFVs) to expand borrowing last year by ordering LGFVs to [more…]
BYD Overtakes Tesla in EV Sales
BYD passed Tesla in Q4 2023 in terms of sales of pure EVs, benefiting from an aggressive price battle its US competitor initiated last year. [more…]
