An EU chamber report on Wednesday said that the confidence of European companies in China has dropped significantly. Chinese experts said what the report truly reflects is that the real source of the companies’ waning confidence is EU’s “de-risking” moves, especially after the blog unveiled an “economic security” strategy. There has been a significant deterioration […]
A recent online survey has highlighted the growing concern among Chinese youth regarding cyberbullying and its impact on social order and individual rights. The survey, conducted among 1,000 participants born between 1980 and the generation after the 2000s, revealed that nearly 90 percent of respondents expected public prosecution to be initiated against severe online abuse. […]
China took decisive action on Tuesday by reducing the loan prime rate (LPR), in line with market expectations, after a nine-month period without change. This move, the third rate cut within a week, signifies China’s determination to stimulate its ongoing economic recovery and tap into its growth potential amidst a complex global geopolitical landscape and […]
Chinese President Xi Jinping and US Secretary of State Antony Blinken held a significant meeting in Beijing on Monday. President Xi urged the US to adopt a rational and pragmatic approach to avoid major-country competition and respect China’s legitimate rights and interests. The meeting, closely observed by experts, is seen as an opportunity to inject […]
Beijing witnessed the commencement of the 19th national congress of the Communist Youth League of China (CYLC) on Monday, gathering approximately 1,500 delegates representing the trust of 73 million league members from across the country. The inaugural session of the congress was graced by the presence of key leaders from the Communist Party of China […]
In a significant meeting held in Beijing on Monday afternoon, Chinese President Xi Jinping and US Secretary of State Antony Blinken engaged in discussions aimed at defusing tensions and restoring stability in China-US relations. President Xi emphasized the importance of adopting a rational and pragmatic approach to avoid escalating major-country competition and to respect China’s […]
Shanghai/Singapore – In an effort to bolster the slowing recovery of the world’s second-largest economy, China has reduced two key benchmark lending rates for the first time in 10 months. On Tuesday, the one-year loan prime rate (LPR) was lowered by 10 basis points to 3.55%, while the five-year LPR was cut by the same […]
Riyadh – Oil prices experienced a slight decline on Tuesday following China’s decision to cut benchmark lending rates, raising concerns about the demand for oil in the world’s largest crude importer. At 9 a.m. Saudi time, Brent crude dropped by 19 cents to reach $75.90 per barrel. Similarly, US West Texas Intermediate crude fell by […]
Washington, D.C. – A bipartisan group of U.S. lawmakers is set to encourage Ford Motor and General Motors CEOs to decrease their reliance on Chinese auto parts, with a specific focus on electric vehicle (EV) batteries, according to insider sources briefed on the matter. Four members of the House of Representatives China Select Committee will […]
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