Pan says the PBOC will cut the reserve requirement ratio for all banks by 50 bps next month, and cut re-lending and re-discount interest rates by 25 bps for the rural sector and small firms from Thursday
Global investors see little chance Beijing can rescue the situation and are jumping ship, leaving China’s markets in freefall
A distinct Chinese market derivative, 'snowball' products once helped the country's investors deal with market volatility. Now, they're threatening to trigger an avalanche in equities
The purchases are thought to include high-end equipment from Dutch tech giant ASML which make the most intricate microchips
The warning follows scepticism about the reliability of Chinese data, especially as Beijing seeks to defuse market concerns about a slowing economy
Premier Li Qiang has ordered authorities to find ways to draw long-term investors back to China's capital markets, but investors say big moves will be needed
Shares of Chinese gaming firms rose on Tuesday amid speculation the regulator may back down on new rules that would curb spending on online games
Tesla alone shipped some 344,000 EVs from its Shanghai plant, its biggest factory worldwide, to Asia, Europe, Australia and New Zealand last year
The comic, published by the country's intelligence agency, is a new effort by the authoritarian Xi Jinping-government to 'inspire people' to join anti-espionage efforts
The number of foreclosed home deals in China jumped by well over a third to nearly 390,000 in 2023, while new home prices suffered their worst slump in nine years
China's state banks actively sold dollars in the foreign exchange market on Monday to stop the currency from suffering a rapid decline after markets in Shanghai and Hong Kong fell by over 2%
Artificial intelligence pioneer Sam Altman believes that top chip producers may not be able to keep up demand for AI semiconductors, one report said