China’s central bank injected billions of RMB through medium-term loans into the financial system on Monday, while keeping the interest rate unchanged for the 16th month in a row, reported the South China Morning Post. The People’s Bank of China (PBOC) kept the rate on RMB 600 billion ($92.6 billion) worth of one-year medium-term lending […]
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China’s factory output and retail sales growth slowed sharply and missed expectations in July, as new COVID-19 outbreaks and floods disrupted business operations, adding to signs the economic recovery is losing momentum, reported Reuters. Industrial production in the world’s second largest economy increased 6.4% year-on-year in July, data from the National Bureau of Statistics (NBS) […]
The top news of the week had nothing much to do with economics directly–the US came from behind at the last minute and pipped China to the post for the biggest medal haul at the Tokyo Olympic Games. But there is no doubt that this will have a psychological impact. Think about how the state […]
Despite the first month of trading on China’s national carbon market being notably lackluster, there has been one signal that all hope is not lost after the market recorded its first cross-border deal for carbon emission credits, reports Caixin. On Aug. 9, an institution and an individual from Hong Kong bought nearly 10,000 tons of […]
China plans to strengthen the management of smart vehicles’ automated driving functions and the control of the vast troves of data generated by these cars, according to proposed new regulations announced on Wednesday by the Ministry of Industry and Information Technology (MIIT), reported the South China Morning Post. Connected vehicle makers—including Tesla and a number of domestic carmakers – […]