Beijing keeps the one-year loan prime rate (LPR) at 3.70%, while the five-year LPR was unchanged at 4.45%
CBDCs such as China's digital yuan (e-CNY) are centralised by design and don't need a decentralised ledger, such as in the case of bitcoin
Total sales over the '618' period rose 10.3% over the 18 days to Sunday, sharply down from the 2021 event's growth of 27.7%, JD.com said
Leaked recordings revealed a person from TikTok’s Trust and Safety department as saying, ``Everything is seen in China,’’ Buzzfeed reported.
The fire started around 4 a.m. (2000 GMT on Friday) and had been brought under control by 9 a.m., Xinhua reported, citing fire officials
Hong Kong Monetary Authority buys HK$12.819 billion ($1.63 billion) from the market during trading hours in New York to stop the currency from breaking its peg to US dollar
Hong Kong Exchanges and Clearing Ltd (HKEX) is weighing opening global offices to woo companies and investors in Europe and North America
Naval News says China's newest aircraft carrier catapults its navy into the 21st century, and that it's the first non-US carrier in the world ''to even come close'' to US carriers.
The chief executive of JD.com's retail business, Xin Lijun, says regulation of China's tech sector is not loosening but becoming more "stable" and "rational," according to CNBC
Western nations must not allow production of critical minerals and metals to be concentrated in countries "that can't be trusted," Canada's Natural Resources Minister Jonathan Wilkinson said
Beijing also should consider lowering the profitability threshold for IPOs by tech firms and start-ups, Morgan Stanley Securities (China) CEO Jing Qian said
Retail sales in Beijing shrank 7.7% for the January-May period, after Covid-19 curbs starting from late April confined shoppers to their homes