China pledged to broaden its fiscal spending base in 2026, signaling sustained government support to drive growth in a ...
It's so tough to pay cash in China that the government had to fine a KFC for not accepting banknotes
China recently fined several businesses, including a KFC, for refusing to accept cash. These are some of the most established companies in China, showing just how quickly cash has fallen from favor ...
China added the Tesla Model Y to a list of electric and hybrid car models that a local government can purchase for use as a service car — a major boost to CEO Elon Musk as the billionaire aims to ...
China has launched its inaugural green sovereign bond sale, aiming to raise up to 6 billion yuan ($826 million) while also securing a London listing. The bonds, with 3-year and 5-year maturities, are ...
BEIJING, CHINA - OCTOBER 22: Chinese President Xi Jinping, bottom centre, and senior members of the government stand for the national anthem at the end of the closing session of the 20th National ...
FILE - Uniformed and plainclothes security officers stand guard outside the U.S. Embassy in Beijing, Aug. 3, 2022. (AP Photo/Mark Schiefelbein, File) WASHINGTON (AP) — The U.S. government has banned ...
Some Chinese government bonds that the nation’s central bank bought last week are now being sold in the secondary market, traders said, a possible sign that authorities are once again intervening to ...
China's economy is growing, but consumer spending is down. The government is attempting to jumpstart the country's numbers by reassuring private entrepreneurs that they have its support. We are ...
In China’s heavily indebted cities, “fiscal winter” is manifesting through a peculiar ritual: businessmen crowding government offices in a year-end rush to claim overdue contract payments. In private ...
The unprecedented stimulus announced by China’s government was a significant catalyst for China’s equity market broadly in the second half of 2024. Stimulus measures in 2024 included: Broad rate cuts ...
Many observers, especially in the West but also in China itself, expected political reform and relaxation to occur as China grew wealthier and more accomplished. That has not happened. Indeed, quite ...
The U.S. defense industrial base and all branches of the U.S. military depend heavily on materials produced by China to make and use critical weapon systems, creating national security risks, a ...
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