Home sales and inquiries experienced a significant uptick in major cities such as Beijing and Shanghai during the recent National Day holiday, driven by new government policies aimed at stimulating the real estate market, industry experts reported. Following the introduction of measures to relax home purchase restrictions ahead of the holiday, first-tier cities saw a […]
During talks ahead of a summit of 50 African nations, President Xi Jinping of China and Nigerian President Bola Tinubu discussed opportunities for Nigeria to join China’s e-commerce and logistics sector, with China aiming to assist in diversifying and enhancing the Nigerian economy. According to a joint statement issued after their meeting, Xi emphasized the […]
As the 75th anniversary of the founding of the People’s Republic approached, a new phrase emerged to capture the prevailing mood: “the garbage time of history.” This term likens the current state of the nation to the final moments of a basketball game where one team is trailing by a large margin, rendering their efforts […]
Zheng Shanjie, the chairman of the NDRC, assured reporters in Beijing of confidence in achieving the annual economic and social development goals. He stated, “We are confident in achieving the annual economic and social development goals and tasks, and in maintaining sustained, stable, and healthy economic and social development.” China’s government had set a 5% […]
After a strong opening post-Golden Week holiday, with shares rising over 10%, the momentum shifted dramatically. In a volatile trading session, the Shanghai Composite Index was initially up by about 3% in early afternoon trade, while the Hang Seng Index in Hong Kong plummeted more than 7%. Investors were eager for concrete details on the […]
This exemption applies to travelers coming for business, tourism, family visits, or transit purposes. The move is expected to boost tourism and business exchanges between China and these four nations, aligning with the country’s broader efforts to increase global connectivity and strengthen diplomatic ties. However, the Ministry of Foreign Affairs clarified that individuals who do […]
The PMI composite index is a widely-used indicator of economic activity in the manufacturing sector, calculated from five weighted sub-indices based on responses from industry purchasing managers. Of these sub-indices, production was the only one to show growth, rising to 51.2 in September, up from 49.8 in August, suggesting that manufacturing output expanded despite weakness […]
Julian Assange has returned to European soil, marking his first public appearance since being released from a UK high-security prison and returning to Australia. Speaking at the Parliamentary Assembly of the Council of Europe (PACE) in Strasbourg, Assange discussed his years of incarceration following charges under the US Espionage Act. In his address, he condemned […]
In southern Lebanon, Hezbollah has launched several attacks on Israeli forces. In response, Israel has been using advanced US-made “bunker buster” bombs, targeting Hezbollah positions in densely populated areas. Though Hezbollah has retaliated with rockets, claiming to strike high-level Israeli intelligence targets, the situation remains contained for now, with both sides preparing for a possible […]
At a time when China was striving to expand global trade in a bid to join the World Trade Organization (WTO), Beijing provided substantial tax rebates for logistics companies, turning many into millionaires. But there was a secret: many of the shipping containers were empty. This fraud in China’s maritime industry saw exporters colluding with […]
