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Retail property markets in China’s first-tier cities showed signs of improvement in the last quarter of 2023, and experts are projecting sustained momentum in 2024, underpinned by a gradual increase in retail sales as sentiment begins to turn, reports the South China Morning Post. Beijing’s retail property market outperformed as commercial real estate markets steadied […]

Huawei has gradually dismantled its public relations and government relations teams in the US and Canada, according to people familiar with the matter, reports Nikkei Asia. Employees have been let go over the past few months including several right after the New Year. Some have worked for Huawei for about a decade and were upset […]

Wages offered to Chinese workers in major cities declined by the most on record, underscoring persisting deflationary pressures and sluggish consumer confidence in the world’s second-largest economy, reports the South China Morning Post. Average salaries offered by companies to new hires in 38 key Chinese cities fell 1.3% to RMB 10,420 ($1,458) in the fourth quarter […]

Chinese provinces pumped a record RMB 218.3 billion ($31 billion) of capital into fragile regional banks last year using special-purpose bonds, in a sign of concern at the risks within one of the world’s most important financial systems, reports the Financial Times. Sales of bonds that are used to boost the capital buffers of regional lenders more […]

Beijing State-Owned Assets Management, a sovereign wealth fund owned by Beijing municipal government, sold $141 million of bonds on Beijing Stock Exchange Wednesday, the first corporate bond issuance on the exchange, reports Caixin. The three-year bond carries a coupon rate of 2.55%, the lowest rate of the same-term bonds issued by Beijing state-owned enterprises in […]