Posted inEconomy
China to raise FX deposit reserve ratio to 7% from 5% amid yuan’s strength
China to raise FX deposit reserve ratio to 7% from 5% amid yuan’s strength Photo:Xinhua
Posted inEconomy
Infant and elderly care shares surge after China allows couples to have third child
Birth and elderly care shares surged on Monday after China announced to loosen birth restrictions and allow couples to have a third child in a bid to boost dwindling fertility…
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Aussie farm products’ China share drops amid frosty bilateral ties
Cotton declines from 20% in Nov 2019 to 5% The harvest of Australian cotton production, which was once worth A$800 million ($614 million) a year, is now in peril due…
Posted inEconomy
Foxconn industrial park forced to diversify as chip ban hits Huawei shipments
Foxconn's Intelligent terminal manufacturing industrial park in Southwest China's Guizhou Province, which was designed to be a foundry for Huawei smartphones, is seeking to manufacture other intelligent products as Huawei's…
Posted inEconomy
Sinovac takes leading role in BRICS vaccine R&D
China’s vaccine developer Sinovac is leading the initiative to develop the Chinese branch of the BRICS vaccine research and development center, a joint vaccine cooperation effort by the five BRICS…
Posted inEconomy
US’ discrimination against Hong Kong goods violates WTO rules: city govt
The US' order that requires Hong Kong products to be relabeled as "Made in China" is a "discriminatory and unjust" requirement motivated by political reasons, and violates WTO rules, the…
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Tesla starts recruiting for its mainland data center
Tesla has started recruiting employees for the data center it has set up in the Chinese mainland, the US electric carmaker announced via its employment WeChat account on Thursday. Currently,…
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China’s reining in of steel exports having little impact on global prices: observers
China's steel exports are expected to drop as the country's government takes a series of actions to stem the unusual spike of bulk commodity inflation. However, experts say that while…
Posted inEconomy
Huawei offers to sell 5G patents, solve US dilemma
Huawei has proposed several times that it's ready to sell the rights to all its 5G patents including licenses, code, and technical blueprints in a one-off transaction to US firms,…
Posted inEconomy
South China faces outages amid early summer, high electricity demand
Several provinces in South China face limited electrical power as the imbalance between supply and demand widens due to an early summer peak this year. South China's Guangdong Province, Guangxi…