China Data
China Unveils Bold Move: Halving Stamp Duty on Securities Trading in Bid to Revitalize Capital Market
In a strategic maneuver aimed at revitalizing its capital market and instilling renewed investor confidence, China has announced a significant cut in its stamp duty on securities trading. Effective...
Waymo Surpasses 250,000 Weekly Robotaxi Rides as It Expands in the U.S.
Alphabet's autonomous vehicle division, Waymo, has hit a new milestone, now delivering more than...
Intel Warns of Recession Risks Amid Tariff Uncertainty and Trade Disruptions
Intel’s Chief Financial Officer David Zinsner warned that rising tariffs imposed by the U.S....
Alphabet Flags Ad Headwinds Amid Tariff Uncertainty and Global Economic Jitters
Alphabet, the parent company of Google, acknowledged potential challenges to its core advertising business...
Procter & Gamble Cuts Forecast as Tariffs and Weaker Demand Hit Sales
Procter & Gamble posted mixed results for its fiscal third quarter, impacted by declining...
China Unveils Bold Move: Halving Stamp Duty on Securities Trading in Bid to Revitalize Capital Market
In a strategic maneuver aimed at revitalizing its capital market and instilling renewed investor confidence, China has announced a significant cut in its stamp...
China Ever grande’s Rocky Return: Resumed Trading Wipes Out $2.4 Billion in Value Amidst Ongoing Property Crisis
China Evergrande Group (3333.HK), once a behemoth in the property development realm, suffered a tumultuous return to trading as its shares plummeted by a...
Revitalizing Markets: Beijing Unveils Innovative Measures to Spark Rejuvenation Amidst Economic Challenges
In a rare glimmer of hope, Chinese blue-chip stocks found themselves in the midst of an unexpected rally on Monday. The spark for this...
China’s Industrial Profits Suffer Seventh Consecutive Month of Decline Amidst Economic Challenges
China's industrial landscape continues to grapple with daunting challenges as profits for its industrial firms recorded a 6.7% drop in July compared to the...
China’s Trade Surplus Expands as Imports Decline in First Two Months of the Year
According to official customs data released on Tuesday, China's imports and exports slightly decreased by 0.8 percent year-on-year to 6.18 trillion yuan ($890 billion)...
China’s Economic Regulator Predicts Achievable Growth Target for 2023
China's top economic regulator, the National Development and Reform Commission, announced on Monday that the country's growth target of around 5% for 2023 is...
Goldman Sachs Upgrades China’s Growth Forecast as US Companies Invest in Country’s Consumer Market.
Many of the largest US companies are doubling down on China, betting on the nation's vast consumer market and the potential for a post-pandemic...
Mobile Payments on the Rise as Hong Kong and Macao Residents Open 235,000 Accounts at Mainland Chinese Banks
As the world becomes increasingly interconnected, more and more people are looking for convenient ways to manage their finances across different regions. In Hong...
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...
Reforms in China’s Healthcare Insurance Aim to Promote Efficient Use of Public Medical Funds, Experts Say
Chinese local governments have recently implemented healthcare insurance reforms that aim to promote efficient use of public medical funds and increase benefits for those...
RCEP helps more ASEAN agricultural products enter Chinese market
The implementation of the Regional Comprehensive Economic Partnership (RCEP) has brought about changes in the import of fruits and agricultural products from Southeast Asian...
Chinese Housing Market Resilient with Month-on-Month Increase in Home Prices in January
The Chinese housing market showed signs of stability in January, with a greater number of cities experiencing slight month-on-month increases in home prices, according...
China’s Spring Festival Travel Rush Sees Over 1.5 Billion Trips, Boosts Tourism and Consumption Revival
The Spring Festival travel rush, which marks the celebration of the Chinese New Year, officially ended on Wednesday. The travel season, also known as...
Fitch Revises Up Projection of China’s 2023 Economic Expansion to 5%, Up from 4.1%
The reason for the revision, according to Fitch, is the "evidence of a faster-than-expected recovery in consumption and activity" following the lifting of many of China's strict Covid restrictions. This shift away from the country's "Covid-zero" policy has opened the door for increased economic activity.
