Tag: China

The U.S. Commerce Department on Friday is issuing final rules to prevent semiconductor manufacturing subsidies from being used by China and other countries deemed to pose American national security concerns.

China repeated rules to ensure free cross-border money transfers for foreign businesses in its two most important cities amid efforts to win back companies as overseas investment slumps and the economy slows.

Demand for foreign travel in China has reached its highest level in two years, the organisers of the ITB travel conference said on Tuesday citing a survey in which some 80% of respondents said they planned to travel abroad in the next 12 months.

China’s retail sales and industrial production picked up pace in August with better-than-expected growth, according to National Bureau of Statistics data released Friday.

The European Commission, the executive arm of the European Union, on Wednesday launched an investigation into subsidies given to electric vehicle makers in China, according to President Ursula von der Leyen.

China’s passenger vehicle sales jumped 2.2% in August from a year earlier, data from the China Passenger Car Association (CPCA) showed on Friday.

China reported Thursday another monthly decline in imports and exports, albeit less steep than expected.

A key gauge of Chinese property stocks rallied to its highest level in about four weeks with market watchers pointing to speculative flows betting on more policy support for the struggling sector.

 China is set to launch a new state-backed investment fund that aims to raise about $40 billion for its semiconductor sector, two people familiar with the matter said, as the country ramps up efforts to catch up with the U.S. and other rivals.

The IAA in Munich, Germany is one of Europe’s most high-profile auto shows. And it was dominated by Chinese electric car firms looking to expand their presence on the continent.

A gloomy economic backdrop has weighed on Alibaba and other Chinese stocks, with grim factory data Thursday continuing the trend. But there is reason for hope, because the latest release wasn’t as bad as expected and there are other glimmers of resilience.

China’s ambassador to the U.S., Xie Feng, has blamed U.S. tariffs and export controls for a drop in trade between the two countries.

U.S. Commerce Secretary Gina Raimondo has called on China to improve the predictability of the business environment for American companies in the country.

Chinese stocks climbed on Monday after the government said it would reduce a tax on trading and take other steps to boost its capital markets.

US Commerce Secretary Gina Raimondo described the current state of relations between the world’s two largest economies as complicated and challenging, when she met with Chinese counterpart Wang Wentao in Beijing on Monday to discuss mutual concerns and attempt to get the foundation for those relations on a more firm footing.

Global investors fleeing China have one simple message for the country’s leadership: put prudence aside for a short while, and start spending big.

China’s one-year loan prime rate — the peg for most household and corporate loans in China — was cut by 10 basis points from 3.55% to 3.45%, just shy of the 15 basis points that a majority of economists expected in a Reuters poll.

China’s Ministry of Commerce signaled Thursday it would respond, if needed, to the Biden administration’s executive order to restrict U.S. investments in advanced Chinese technology.

China reported July data that broadly missed expectations. The National Bureau of Statistics report also did not include the unemployment figure for young people, which has soared to record highs in recent months.

Credit data for July released Friday showed a slump in demand from businesses and households to borrow money for the future.