Shanghai Unveils $257 Billion in Projects in Infrastructure Push
On Tuesday, Shanghai announced eight infrastructure projects with a total investment of 1.8 trillion yuan (USD 257 billion) after the city was hit hard by...
Tag : China
SCO Alliance under Chinese Leadership Decides to Increase Commerce in Local Currencies
On Friday, the leaders of the Shanghai Cooperation Organization (SCO) decided to take action to enhance the use of national currencies in commerce between nations...
Invesco Raises $5.4 billion in China Investments; Flags Economic Risks
US-based Invesco’s Chinese joint venture withstood a volatile first half and attracted USD 5.4 billion from local investors. However, the country’s persistent zero-COVID policy poses...
On Recession Fears, Dollar Gains Strength While Yuan Crosses Crucial Threshold
Early European trade on Friday saw a strengthening of the US dollar, while the Chinese yuan crossed a significant threshold as risk appetite was dampened...
Global Crude Prices Decrease Due to Foeseeing Demand after New Lockdown
On Wednesday, as China implemented a further lockdown to stop the spread of Covid-19, international crude oil prices fell amid concerns that demand would drop....
China Brings 19 New Policies to Bolster Economic Growth
On Wednesday, China announced 19 new policies for bolstering its sluggish economic growth, primarily weakened by rising Covid cases, a deepening property crisis and power...
China Reopens to International Students After More Than Two Years
China opened to international students for the first time in more than two years, easing entry restrictions for international students following the Covid-19 outbreak. International...
Biden Signs $280 Billion CHIPS Act to Boost US Chipmakers
US President Joe Biden has signed a USD 280 billion bipartisan bill to boost domestic high-tech manufacturing. A crucial part of his economic agenda, the...
India Seeks to Oust Chinese Companies from sub-$150 Phone Market
India looks to restrict Chinese smartphone makers from selling devices cheaper than 12,000 rupees (USD150). This is in pursuance of stimulating its faltering domestic industry....
EU, China to Hold Trade Talks Amid Rising Tensions
The European Union and China will hold high-level economic and trade talks on Tuesday amid tensions over a range of issues, including the war in...