Aarav Shen

Aarav Shen covers world news and global markets for Beijing Times, reporting on geopolitics, economic policy, and the forces shaping international affairs.

China’s Sharing Economy Grows Despite Headwinds, Reaching $555.54 Billion in 2022

According to a recent report by the State Information Center, China's sharing economy has maintained steady growth, reaching approximately 3.83 trillion yuan ($555.54 billion)...

Australian businesses express interest in investment opportunities in western China

Australian businesses are showing great interest in exploring investment opportunities in Western China, as the region seeks to boost foreign investment and trade cooperation....

Chinese banks streamline early mortgage repayment processes to meet rising demand

Commercial banks in China are focusing on optimizing their financial services to make it easier for homebuyers to make early repayments on their mortgages....

China’s Banking Sector Adapts to International Regulatory Reforms with New Capital Measures

China is taking steps to establish a differentiated capital regulatory system for commercial banks in order to improve bank capital regulations, manage financial risk...

China Strengthens Financial Cooperation between Mainland and Hong Kong/Macao with New Guidelines

China is making significant strides towards strengthening economic and business ties across the Guangdong-Hong Kong-Macao Greater Bay Area, with a particular focus on Qianhai...

China’s Ministry of Science and Technology reaffirms support for ChatGPT-like AI technologies

China's Ministry of Science and Technology is reaffirming its commitment to supporting the country's artificial intelligence (AI) sector as a strategic emerging industry. The...

China’s Property Insurance Industry Guides to Develop New Insurance Varieties to Support Real Economy

China's property insurance sector has maintained stable growth in 2022, according to data released by the China Banking and Insurance Regulatory Commission. Premiums for...

Changan Launches Presales of Yida Sedan to Compete in China’s Compact Car Market

Chinese automaker Changan has announced the presales of its latest sedan, Yida, in a bid to increase its share of the highly competitive compact...

Chinese Scientists Unveil EV Powered by Sodium-Ion Battery

Chinese scientists have made a significant breakthrough in the commercialization of an emerging technology in the electric vehicle (EV) market. They unveiled an electric...

Chery’s Marque Exeed Launches Flagship SUV Yaoguang to Expand in China’s Premium Market

Exeed, Chery's marque, has launched its flagship SUV, Yaoguang, with the aim of expanding its footprint in China's highly competitive premium vehicle market. According...

Geely Auto Launches High-End Galaxy Series to Compete in Fierce NEV Market

On Thursday, Chinese automaker Geely Auto announced the launch of a new high-end electrified product series in a bid to maintain its competitiveness in...

Hong Kong government unveils budget focused on economic recovery and growth

Hong Kong's government has presented a budget for the upcoming financial year, which includes measures to support the economy's speedy recovery. The financial secretary...

Hong Kong takes steps to spearhead innovation with $6.37 million funding for Web3 ecosystem

Hong Kong's Financial Secretary, Paul Chan, announced on Wednesday that the Hong Kong government will allocate HKD 50 million ($6.37 million) towards the development...

Chinese Researchers Discover Breakthrough Treatment for Recurrent Nasopharyngeal Carcinoma

Chinese scientists have developed an improved technique for re-irradiation treatment of locally advanced recurrent nasopharyngeal carcinoma that aims to reduce the toxicity to which...

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