The People’s Bank of China (PBoC), China’s central bank, set up a company to manage a RMB 100 billion ($14.5 billion) fund to protect depositors’ savings at financial institutions the day re... Read more
China’s manufacturing purchasing managers’ index (PMI) fell to 49.4 in May, suggesting that the country’s economy is continuing to slow down, said the South China Morning Post. The PMI, a ga... Read more
China is stepping up efforts to design and manufacture homegrown semiconductors by providing financial incentives to Chinese companies, amid fears that US sanctions might cripple its high-te... Read more
Guangzhou and Shenzhen will ease up on car ownership restrictions in a bid to boost China’s flagging auto sales — one of the country’s important economic drivers, said Caixin. Guangzhou and... Read more
The Shanghai Stock Exchange is poised to approve the first three listings on the city’s upcoming Nasdaq-style Technology Innovation Board, accelerating China’s pace of support for technology... Read more
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