China announced that it will start handing out childcare subsidies across the nation, in its latest push to boost birthrates after a worrying drop in recent years. The government will spend 3,600 yuan ($502) a year per child under age three, according to the official Xinhua News Agency. The assistance, effective retrospectively from Jan. 1…
China said it has talked with countries downstream about its new dam project in Tibet, a massive undertaking that will affect a key source of water for India and Bangladesh. “China has carried out cooperation on hydrology reporting, flood prevention and disaster alleviation with relevant downstream countries and has had necessary communication with them,” said…
A European business group in China has criticized Beijing’s retaliatory measures targeting medical device makers from the European Union, saying the move worsens ties between the two economic powers. “The European Chamber is deeply concerned by the announcement, as it marks a further escalation of EU-China trade tensions at a time when European businesses are…
China’s factory activity improved for a second month but remained in contraction, as trade rebounds after the ceasefire in the tariff war with the US while weak domestic demand weighs on the economy. The official manufacturing purchasing managers’ index was 49.7 in June, versus 49.5 in the previous month, slightly exceeding the median estimate in…
Expenditures by Chinese consumers failed to pick up during the Dragon Boat Festival holiday even though more people hit the road, reflecting subdued consumer confidence in an economy reeling from US tariffs, despite a trade truce. A total of 119 million trips were made domestically during the three-day holiday, rising 5.7% from a year earlier….