Macro
China’s Real Estate Dilemma: A Decade-Long Correction Ahead, Says Economist
China's real estate market is bracing for a protracted period of adjustment, with the surplus of unsold homes expected to take over a decade to resolve, says Hao Hong,...
Eli Lilly’s Mounjaro Shows Heart Health Benefits Over Trulicity in Landmark Trial
Eli Lilly announced that its diabetes drug Mounjaro has demonstrated heart health benefits in...
Best Buy to Launch Ikea Mini-Showrooms in Select Stores
Best Buy announced plans to introduce mini-showrooms within some of its stores, featuring Ikea...
JPMorgan Chase Expands with 1,000 New Branches in Seven Years
JPMorgan Chase has opened 1,000 new branches over the past seven years, a number...
Moderna Announces 10% Workforce Reduction Amid Declining Covid Vaccine Sales
Moderna announced plans to reduce its global workforce by about 10% by the end...
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 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...
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...
Anyang City Signs 42 Projects Worth $5.6 Billion at Investment Promotion Conference
The 2023 Investment Promotion Conference of Anyang city, Henan province, was held in Beijing on Thursday, where 42 projects were signed, with a total...
China’s Sixth International Import Expo Expected to Bolster Global Openness and Cooperation
China's ongoing efforts to promote economic cooperation and globalization have received a major boost with the upcoming sixth China International Import Expo (CIIE), scheduled...
Multinational Executives in Shanghai Optimistic About China’s Role in Global Business
Senior executives of multinational corporations based in Shanghai share an optimistic outlook on the world's second-largest economy and believe that the China market will...
Top State Assets Regulator Targets Higher Profit Growth for Central SOEs Above National GDP
In a news conference held in Beijing on Thursday, Zhang Yuzhuo, chairman of the State-owned Assets Supervision and Administration Commission (SASAC) of the State...
Industry leaders urged to empower specialized SMEs with technology and talent
According to experts, more policy support is anticipated to expand financing channels for small and medium-sized enterprises (SMEs) that specialize in niche industries with...
Beijing-Tianjin-Hebei GDP Reaches $1.46 Trillion, Showing Coordinated High-Quality Development
China's Beijing-Tianjin-Hebei region, a major economic zone, recorded a combined GDP of 10 trillion yuan ($1.46 trillion) in 2022, which is 1.8 times the...
Xinjiang’s Urumqi International Land Port Area Set to Boost Trade with Europe and Central Asia in 2023
The Urumqi International Land Port Area is set to unleash its potential further this year, according to local officials in the Xinjiang Uygur autonomous...
