China on Friday published measures aimed at promoting overseas investment in the country's technology sector, in a latest bid to attract foreign investors amid signs some are considering shifting away from the world's second-largest economy. China will support overseas institutions to issue yuan bonds in the country, and also encourage tech companies, including foreign-invested ones, to raise money via bond issuance, the commerce ministry said in a statement. The government will also facilitate...
Travel by rail and car across China surged on Wednesday, the first day of a major public holiday, as consumers remained focused on keeping expenses down in a challenged economy.In the run-up to the five-day holiday that began with May Day, domestic airline fares were falling and forecasts suggested more travelers were opting to drive rather than fly, or had booked early to save.Travel of all kinds has rebounded since China lifted strict Covid control measures at the end of 2022, but consumer...
U.S. Secretary of State Antony Blinken has begun a critical trip to China armed with a strengthened diplomatic hand following Senate approval of a foreign aid package that will provide billions of dollars in assistance to Ukraine, Israel and Taiwan as well as force TikTok’s China-based parent company to sell the social media platform -– […]
By Laurie Chen QINGDAO, China, April 21 (Reuters) – The Chinese Navy on Sunday kicked off a biennial meeting of top foreign naval officials in the port city of Qingdao, in a
The Chinese government's report for the first quarter of 2024 was a mixed bag of cause for optimism and systemic issues that continue to drag on economic growth.Newsweek charts based on the latest data from China's National Statistics Bureau illustrate three key bellwethers of the world's second-largest economy.GDPAccording to the new data, China's gross domestic product (GDP) expanded by 5.3 percent year over year, slightly higher than Q4 2023 and beating many economists' expectations.Though...
Discover the origin of Labor Day celebrations in China and how it became
- China Mobile is currently the most advanced operator in terms of shifting from telco to techco, according to a new report from research house Omdia. - Telc
China is celebrating the holiday of 1 May - International Workers' Day -
When Earth Day rolls around each year, it reminds us that the planet and
The All-China Federation of Trade Unions will hold a commendatory ceremony on Sunday in Beijing to grant honors to worker models and collectives with outstanding performance.
The Caixin China General Manufacturing Purchasing Managers' Index (PMI) came in at 51.4 in April, increasing by 0.3 points from last month's figure to display the highest reading since February of 202
China Coast Guard (CCG) and Chinese maritime militia vessels “harassed, blocked, water cannoned, and rammed” vessels of the Philippine Coast Guard (PCG) and the Bureau of Fisheries and Aquatic Resources (BFAR) headed to Bajo de Masinloc to assist Filipino fishers in the area.