The Russian and Chinese leaders denounced on Thursday the “interference” policy of USA in the internal affairs of other States and accused Washington of trying to contain their respective countries, according to the Kremlin. Xi Jinping and Vladimir Putin They spoke by phone and “expressed their rejection of the US policy of interference,” reported the […]
Tag: China
The US imported more from Mexico than from China in 2023, the first time in two decades
For the first time in 20 years, USA imported more goods and services from Mexico than from Chinaaccording to official data published this Wednesday, which indicates that the US deficit in its foreign trade in goods and services closed 2023 with a drop of 18.7%. The pandemic and the trade tensions between the two in […]
China replaces head of Securities Regulatory Commission
Beijing He replaced the head of the China Securities Regulatory Commission on Wednesday in an apparent effort to restore confidence in the stock market. The official Xinhua News Agency reported that Wu Qinga banking veteran and former vice governor of the financial center of Shanghai, will replace Yi Huiman. Chinese stocks plunged on Monday, hitting […]
China sentences former bank president to death for corruption
The former president of the Chinese bank China Merchants Bank, Tian Huiyu, was sentenced this Monday to a suspended death sentence, state television CCTV announced, within the framework of a major anti-corruption campaign by President Xi Jinping against the financial sector. Death sentences of this type are usually commuted to life imprisonment after two years […]
Former ICBC bank discipline chief arrested for corruption in China
Liu Lixian, a former member of the Communist Party of China (CPC) committee of the Industrial and Commercial Bank of China (ICBC) and former head of the bank’s disciplinary inspection commission, has been arrested on suspicion of accepting bribes, the agency reported today. Xinhua news. The official announcement, published this Sunday on the website of […]
IMF predicts an economic slowdown in China for several years
Economic growth in China will slow down in the coming years, weighed down mainly by the uncertainty related to the crisis in the real estate sector and by the international context, the International Monetary Fund (IMF) predicted on Friday. The country’s Gross Domestic Product (GDP) will stand at 4.6% this year, following the upward revision […]
China denounces surprise US investigations into Chinese companies
The Ministry of Commerce of China today condemned the surprise investigations that US authorities have carried out in Chinese companies based in USA. “These actions have disrupted Chinese companies and entrepreneurs, seriously affecting normal business operations and undermining public confidence.”s chinese companies that consider investments in the US”, the spokesperson for the commercial portfolio stated […]
China: young workers combat stress in relaxation centers
Dim lighting, sofa beds and relaxing sounds. During lunchtime, Xuan Yi, who lives under pressure like many young Chinese, finally manages to fall asleep at a relaxation institute in Beijing (China). Xuan is one of the 300 million Chinese who suffer from insomnia, the product of a culture of high stress and pressure at work, […]
China reactivates its economy by reducing reserve requirements for banks
The central bank of China reduced the proportion of reserves that banks must have in an attempt to reactivate the economy, the institution indicated on Wednesday. The announcement by the People’s Bank of China boosted values in Chinese markets. The benchmark index in Hong Kong gained 3.6%. Chinese markets have seen little movement in recent […]
China eliminates some COVID-19 customs requirements when entering the country
The General Administration of Customs of China announced Thursday in a statement that cross-border travelers will no longer be required to report certain information related to COVID-19, such as test results or previous infections, when passing through customs upon arrival at the country. International travelers planning to enter China They will still have to deliver […]