China has begun to test paying some state employees through its digital currency, but the trial is not making much impact in the e-CNY’s adoption as most quickly and automatically switch their salaries to cash.
Property slump and rising debt piles provide debt-ridden local governments the opportunity to increase the cost of services such as rail fares and utilities.
As China looks to tap Europe’s vast market for lithium batteries, Hungary has become an attractive destination for production to make logistics simpler – and bypass EU trade investigations.
Policy adviser Liu Yuanchun says expanding weak domestic demand remains the ‘key measure’ for China, with reforms needed to empower rural population as Beijing eyes sustainable economic growth.
More multinationals are undergoing a ‘decoupling’ with their China-based operations, a new business survey finds as foreign direct investment sinks and analysts say expatriate staff are harder to come by.
European firms have been revising expectations for the Chinese market while planning for a projected economic slowdown, further adding to China’s challenges and ‘setting a negative cycle in motion’.
With the government pulling out the stops to show support to the private sector, some scholars have called for an official delineation between entrepreneurs and ‘capitalists’ to demonstrate ideological sincerity.
China’s exports returned to positive growth in April amid a recovery of global demand, but analysts said the focus should still be on sustaining momentum in domestic demand.
Local governments in China are exploring the use of data as an asset to help reduce their heavy debt burdens, but this has prompted concerns over efficacy and legality.
China’s exports and imports returned to growth in April, but analysts said that domestic demand will still be the key driver for economic growth this year.
State media article on Wednesday says it is ‘certain’ that China’s central bank will participate in treasury bond trading amid better coordination with the finance ministry.
With China’s ties to Russia under stronger scrutiny from the West, banks are keeping a closer eye on transactions with links to Moscow – and China’s exporters are concerned their bottom line will suffer.
A construction firm under C919 maker Comac announced plans to build a big new construction zone in Shanghai, with an assembly plant and parts warehouse, but then the online post was suddenly deleted.
Scholars have suggested a realignment of industries, with some pain in the short term, would go a long way towards resolving China’s overcapacity problem and adapting to trade restrictions in those sectors.
A high-level official with the International Monetary Fund has said if divisions persist between China and the West, the damage that would be done to the global economy would be considerable.
Numerous stressors are causing China’s middle class to seek professional help, leading to rapid growth in the mental health industry – but will that be enough to soothe their nerves?
China’s manufacturing production activity expanded in April, but analysts pointed to supply-demand imbalances and lingering deflationary pressures, while services activities moderated last month.
Hefei, the capital of the eastern Anhui province, has placed a heavy focus on innovation and emerging industries, including new energy vehicles, with officials from across China eager to copy the formula for success.