The superpower is dominating the global clean technology sector. It’s not all about climate change. 中文版 In April this year, China installed more solar power than Australia has in all its history. In one month. This isn’t a story about Australia’s poor track record on solar either, Australia is a global leader. Rather, this shows…
Issuing a stablecoin pegged to the offshore yuan in Hong Kong may be more feasible than in mainland China due to the latter’s capital controls, a central bank adviser has said. The comments from Huang Yiping, also dean of Peking University’s National School of Development, came as worries arise in Beijing’s policy circles that Washington…
Between late May and early June, Chinese President Xi Jinping simply disappeared. No parades. No spotlights. No front pages in People’s Daily that once displayed him daily. Instead, other senior Communist Party leaders hosted visiting dignitaries in Beijing’s grand halls. According to CNN-News18, top intelligence officials say, “Xi Jinping’s absence is not unusual, and China…
1 / 6 China’s Ministry of Culture and Tourism said that local travellers made an estimated 314 million domestic trips between May 1 and 5. The growth was 6.4% compared to 9.2% a year earlier. However, the travel momentum was 36% higher than in 2019, the year before the pandemic. FILE PHOTO: People walk along…
US President Donald Trump‘s sky-high tariffs imposed in China have started making an impact even though China puts up a brave front. Tariffs have struck when China’s economy is struggling to fully recover from the pandemic effects and is also grappling with sluggish domestic demand and a protracted property sector crisis.China’s leaders are downplaying the…
Until last week, getting products from China to the US as quickly as possible was top priority for some clients of Shift Fashion Group, a studio that helps brands with product development and manufacturing. That changed when tariffs as high as 145 percent kicked in last week. “They’re starting to put it on a boat…
Chinese travellers will make a beeline for flowers over the long holiday weekend that starts Friday, with overall bookings topping last year’s totals according to industry analysts as many take advantage of deals and government-backed incentives. Many of those seeking getaways for the annual Ching Ming Festival break are booking trips to Japan or the…
During a visit to the southwestern province of Guizhou – one of China’s poorest and most indebted areas – President Xi Jinping called for the region to undertake an accelerated economic transition, improve its business climate and better integrate with the country’s other local economies. The president’s inspection tour to the mountainous province on Monday…
The recently concluded “Two Sessions” – an annual gathering of China’s top political bodies – highlighted the country’s challenge of balancing slowing economic growth with ambitious technological progress. A key takeaway from the Two Sessions is Beijing’s commitment to integrating private tech firms into national policy decisions on innovation. Leading high-tech firms would play an…
Consumption, investment and industrial output topped estimates to start the year in China, pointing to signs of resilience for an economy still in need of more stimulus as Donald Trump‘s tariffs threaten growth. The upswing suggested Beijing’s pro-growth pivot since late September continued to feed momentum. At the same time, the property market stayed under…