China Economic ReviewMarriages in China dropped in 2022 to their lowest since records began, local news outlet Yicai reported on Sunday, continuing a steady decline over the past decade although the matrimonial total may have been affected by stringent COVID lockdowns, reports Reuters. Just 6.83 million couples completed their marriage registrations last year, data published on the website […]
Foreign banks’ involvement in initial public offerings in mainland China has fallen to its lowest level in more than a decade, in a sign of the difficulties they face retaining a foothold in the country’s closed-off financial system, reports the Financial Times. So far this year, foreign banks have been involved in just $297 million worth […]
Microsoft is moving some of its best artificial intelligence researchers from China to Canada in a move that threatens to gut an essential training ground for the Asian country’s tech talent, reports the Financial Times. The Beijing-based Microsoft Research Asia (MSRA) has begun seeking visas to move top AI experts from China’s capital to its […]
Shanghai-based video games developer miHoYo nearly tripled its revenue in the last three years, according to Chinese media, as it emerges as the main domestic challenger to Tencent Holdings and NetEase in the world’s largest gaming market, reports the South China Morning Post. As a private company miHoYo is not obliged to disclose its financial […]
China’s consumer prices broke a three-month fall to increase marginally in May, even as headwinds slow a post-COVID recovery amid market expectations for stimulus measures, reports Nikkei Asia. The consumer price index rose 0.2% from a year earlier, the National Bureau of Statistics reported Friday. An increase in food and services prices led to the […]