Last week’s gold rush may have been triggered by bets on the US Federal Reserve‘s long-anticipated pivot to looser monetary policy, but the foundations for the record rally were laid in China. Prices breached Dec’s record on Tuesday and have jumped to successive daily highs ever since. The rally itself was peculiar: gold tends to … Read more
China has plenty of room to manoeuvre to attain its annual target for robust economic growth of about 5% after a strong start for the year, top economic officials said on Wednesday, though they acknowledged it’s a challenge. China’s exports rose about 10% in the first two months of the year from a year earlier, … Read more
When Kris Lin, who owns a lighting factory in China, received this year’s first order from a close overseas client, he faced a distressing choice: take it at a loss, or tell workers not to come back after the Lunar New Year. “It was impossible for me to lose this order,” said Mr. Lin, who … Read more
The move comes as Europe and the United States scramble to wean themselves off rare earths from China. File. China, the world’s top processor of rare earths, on December 21 banned the export of technology to extract and separate the strategic metals, as it overhauled a list of technologies deemed key to national security. The … Read more
China on Friday came out with strict regulations aimed at curbing spending and rewards that encourage video games. The decision is termed a major setback to the world’s biggest games market, which was still recovering from the brunt of the Covid-19 impact. As the word spread, panic was visible among investors, and as per a … Read more
China is allegedly pumping in billions of dollars annually to reshape the global narrative through fake authors, bot armies and lawsuits. The first documented Beijing-backed global disinformation campaign dates back to 2017, when it typically targeted English and Chinese speakers on large platforms like Twitter (now X), Facebook, and YouTube. Since then it has come … Read more
China’s factory activity expanded for the first time in six months in September, an official survey showed on Saturday. file photo for representation China’s factory activity expanded for the first time in six months in September, an official survey showed on Saturday, adding to a run of indicators suggesting the world’s second-largest economy has begun … Read more
Amid rising concern over a declining birth rate, a county in eastern China is offering couples a ‘reward’ of 1,000 yuan ($137) if the bride is aged 25 or younger. This scheme comes as the latest measure to incentivise young people to get married. In a notice which was published on Changshan county’s official Wechat … Read more
Treasury Secretary Janet Yellen said China’s economic slowdown risks causing ripple effects across the global economy, though she doesn’t expect a recession in the US. “Many countries do depend on strong Chinese growth to promote growth in their own economies, particularly countries in Asia — and slow growth in China can have some negative spillovers … Read more