Chinese security forces recently arrested a former official of a state-owned tobacco company suspected of corruption who had been on the run for 26 years, the National Supervisory Commission, the main anti-corruption arm of the Chinese state, reported in recent hours. The suspect, wang hanmingwas a sales manager for a cigarette company in the southern […]
Tag: China
Marvel Universe returns to theaters in China after almost four years
After almost four years of absence, the films of Marvel They will return to theaters in China, the American studio announced to the happiness of fans of the franchise. The movies of marvel superheroesimmensely popular in the Asian country, have been absent from theaters since the July 2019 release of “Epidermis Man: NO Ay Home”. […]
The United States and China seek to strengthen ties in a “constructive” meeting in Switzerland
US Treasury Secretary, Janet Yellen and Chinese Vice Premier Liu He met on Tuesday, January 15, in Switzerland and held a “sincere, substantive and constructive” conversation on macroeconomic and financial developments, which continues the path of closer relations between the two powers. The meeting was held “as part of the efforts to deepen communication” and […]
The difficulty to reconcile work and family explains the demographic drop in China
“I don’t really take care of my son.” The difficulty in reconciling the demands of work with a good education for children, in an ultra-competitive society and with little help from the State, explains to a large extent the declining birth rate in Chinathe most populous country in the world. Chinese authorities announced Tuesday that […]
Traders fear losing momentum to Latin American currencies
The hope that China more than offset the slowdown in growth elsewhere in the world is giving a boost to commodities. That, coupled with high interest rates across the region after months of intense inflation fighting, has traders fearing missing out on a rally. The Chilean peso, the Mexican peso and the Brazilian real led […]
Fund managers sharply cut allocation to US stocks in January: BofA survey
Fund managers cut the allocation to US equities sharply in January, with 39% reporting an underweight position, the most since October 2005, a survey of investors showed on Tuesday. BofA on the views of global investors. Optimism about global growth hit its highest level in a year while inflation expectations have peaked, according to the […]
Blinken will travel to China on February 5 and 6
The head of diplomacy USA, Anthony Blinkenvisit China on February 5 and 6, a US official confirmed Tuesday. The objective of the trip, the first of this level since 2018, is to ease diplomatic and economic tensions with the main adversary of USAadded the official, who requested anonymity. The White House announced this visit in […]
Return to normality post-COVID “exceeded our forecasts”, acknowledges Chinese leader
The epidemic peak in China and return to normality “Exceeded our forecasts”Vice Premier Liu He said Tuesday, a month after the sudden abandonment of the zero-zero policy COVID-19. “The time required to reach the epidemic peak and return to normality was relatively fast. In a way, it exceeded our forecasts.” declared the Chinese leader at […]
China fears that emerging countries will suffer side effects from rate hikes
The Deputy Prime Minister ChineseLiu He, expressed Tuesday at the forum of Davos his concern for the “side effects” for emerging and developing countries from the interest rate hikes of the main central banks. “We ask that big governments pay more attention to the secondary effects of their rate hikes in emerging and developing countries, […]
Chinese economy grew 3% in 2022, according to official data
The economy of China It grew 3% in 2022, one of the lowest levels in the last 40 years, due to the coronavirus pandemic. COVID-19 and the crisis in the real estate sector, according to official figures released on Tuesday. Beijing had set a goal of 5.5% expansion for last year, lower than the level […]