US rate cut may ease concerns, but risks remain for economy
The US may be on the brink of cutting interest rates, but the bigger challenges facing the US economy are only just beginning. The high-tech industry in the US has…
China, Africa eye enhanced cooperation in NEVs
Chinese green products bring tangible dividends to continent Chinese carmakers such as JAC, Chery and Geely are going through the investment procedures to introduce advanced technology and carry out localized…
Global investors cheer on Powell’s rate cut signal; offshore yuan strengthens further
Global financial markets experienced a significant surge on Friday, as stocks, gold, and oil all rallied following US Federal Reserve Chair Jerome Powell's clear indication that lower interest rates in…
Alibaba to convert to dual primary listing status on Hong Kong Stock Exchange
Alibaba Group Holding announced on Friday that it would convert its listing into a dual primary listing status on the Hong Kong Stock Exchange. Experts believe the swapping of status…
MOFCOM blasts US sanctions on Chinese companies over Russia-Ukraine conflict as ‘long-arm jurisdiction’
The Chinese Ministry of Commerce (MOFCOM) on Sunday blasted US sanctions on Chinese companies over their alleged involvement in the Russia-Ukraine conflict as a typical example of long-arm jurisdiction and…
Foreign hotel chains expand foothold in Chinese market, as visa-free visit policy lures more overseas travelers
Wang Shiyuan, from Shanghai, can still remember clearly that he sipped his first coffee at a Hilton hotel in Jing’an district in the 1990s. “I was so impressed to see…
Finance Minister insists on amendment in law against banking offence
Kathmandu, Aug 25: Finance Minister Bishnu Prasad Paudel has said the Bill to amend the Banking Offence and Punishment Act-2064 BS has been registered in the parliament. He said the…
Yuan internationalization boosts regional, global financial stability
The yuan is accounting for a growing share of international payments. This mirrors a steady progress in the yuan's internationalization, which helps diversify payment options, and gives the market more…
China’s robotics prowess shines at global conference
Nation maintains world’s largest industrial robot market for 11 years China's emergence as a leader in the global robotics industry has been put on vivid display at the ongoing World…
Economic prosperity thru hydropower: Finance Minister Paudel
Kathmandu, Aug 21: Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel has said internal consumption of electricity is essential for hydropower to contribute to economic prosperity. Government is always…