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How the US budget became a hostage that is worth ransoming

How the US budget became a hostage that is worth ransoming

A DECADE ago, a standoff between Democrats and Republicans over increasing the United States’ authority to borrow brought the country days away from a default and caused a major ratings agency to downgrade...

September 27, 2021, Monday


Russia gas firm CFO says he will fight US tax charges

Russia gas firm CFO says he will fight US tax charges

Mark Gyetvay, a deputy chief of Russian natural gas producer Novatek, who was arrested last week in the United States on tax charges, said on social media yesterday that he had pleaded not guilty and would...

September 27, 2021, Monday


Digital economy booms

Digital economy booms

China’s digital economy grew to 39.2 trillion yuan (US6.07 trillion) in 2020, accounting for 38.6 percent of the country’s total GDP and up 9.7 percent year on year....

September 27, 2021, Monday


Retail consumer sales up

Retail consumer sales up

China’s retail sales of consumer goods are expected to hit 44 trillion yuan (US$6.8 trillion) in 2021, an official said yesterday....

September 27, 2021, Monday


Central bank reverse repos

Central bank reverse repos

China’s central bank yesterday conducted 100 billion yuan (US$15.48 billion) of reverse repos to maintain liquidity in the banking system....

September 27, 2021, Monday


Wuzhen net summit begins

Wuzhen net summit begins

THE 2021 World Internet Conference Wuzhen Summit kicked off in Wuzhen, east China’s Zhejiang Province, yesterday. The summit, which gathers people from around the world to share wisdom on building a ...

September 27, 2021, Monday


Crypto trading, mining banned

Crypto trading, mining banned

CHINA’S regulators have intensified a crackdown on cryptocurrencies with a blanket ban on all crypto transactions and mining. Ten agencies, including the central bank, financial, securities and foreign ...

September 27, 2021, Monday


Rental housing market taking off

Rental housing market taking off

China’s rental housing market has been growing faster over the past few years with favorable demographics, rising barriers to home ownership, supportive government policies and an influx of capital continuing...

Cao Qian | September 24, 2021, Friday


Labor shortages hit electronics firms

Labor shortages hit electronics firms

Nearly four in five electronics manufacturers say that it has become harder to find qualified workers, compounding problems from an ongoing chip shortage and causing delays in shipping products, a trade...

September 24, 2021, Friday


Boeing ups China view to US$1.5t

Boeing ups China view to US$1.5t

Boeing Co yesterday slightly raised its forecast for China’s aircraft demand for the next 20 years, betting on the country’s quick rebound from COVID-19 and future growth in its budget airline sector and...

September 24, 2021, Friday


Claims of phone gag refuted

Claims of phone gag refuted

CHINA’S Xiaomi Corp said yesterday that its devices do not censor users’ communications, a day after Lithuania’s Defense Ministry recommended that consumers avoid Chinese phones due to a censoring feature ...

September 24, 2021, Friday


US firms upbeat on China

US firms upbeat on China

US companies’ optimism about business conditions in China has recovered to three-year highs, an annual survey revealed yesterday. The American Chamber of Commerce in Shanghai, which conducted the survey ...

September 24, 2021, Friday


Evergrande bond payment deal calms contagion fears

Evergrande bond payment deal calms contagion fears

CHINA Evergrande agreed to settle interest payments on a domestic bond yesterday, while the Chinese central bank injected cash into the banking system, soothing fears of imminent contagion from the debt-laden ...

September 23, 2021, Thursday


Luckin Coffee settles US lawsuit

Luckin Coffee settles US lawsuit

Luckin Coffee Inc yesterday announced it had reached a settlement in a class-action lawsuit over an accounting scandal....

Huang Yixuan | September 23, 2021, Thursday


Huabei to share user credit info with PBOC

Huabei to share user credit info with PBOC

Ant Group’s virtual credit card service Huabei said it will gradually include users’ latest credit performance and how they repay their bills in a monthly report to the central bank’s credit rating sy...

Ding Yining | September 23, 2021, Thursday




 

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