Hong Kong China
Mon, 18 Jul 2022 15:08:39 +0800China urges banks to support property sector
China's banking regulator has urged lenders to extend more credit to real estate developers, as a growing number of homebuyers withhold mortgage payments on unfinished housing projects across 50 cities.
The China Banking and Insurance Regulatory Com...
Sat, 16 Jul 2022 18:23:48 +0800Macau extends suspension of non-essential business
Macau authorities said non-essential businesses will be suspended for five more days until 12am Saturday.
Officials also said three more rounds of citywide PCR testing will be conducted next week, and people also need to do rapid tests every day.
T...
Fri, 15 Jul 2022 11:26:13 +0800China's GDP expands 2.5 percent in H1
China's gross domestic product expanded 2.5 percent year-on-year in the first half of 2022, while GDP grew 0.4 percent year-on-year in the second quarter, mainland authorities announced on Friday.
However, there was a 2.6 percent drop in second quar...
Thu, 14 Jul 2022 21:48:22 +0800Beijing to take aim at inflation: Li Keqiang
Premier Li Keqiang said on Thursday the government will support the economy while preventing inflation.
The premier was quoted by CCTV as saying during a meeting with economic experts and entrepreneurs that the mainland economy was hit hard in the s...
Thu, 14 Jul 2022 12:18:11 +0800TikTok maker ByteDance releases new lifestyle app
TikTok's Chinese owner ByteDance is looking for its next big hit by wading deeper into the lifestyle sector of social media with Kesong, a shopping and lifestyle recommendations app similar to market leader Xiaohongshu.
Kesong, launched last week, a...
Thu, 14 Jul 2022 11:36:08 +0800Searing heatwaves sweep across China
Flooding and extreme high temperatures have caused multiple deaths in eastern China as summer heat descends earlier than usual.
Record-high temperatures have been reported in Zhejiang province, east of the business hub of Shanghai, topping out abov...
Wed, 13 Jul 2022 16:01:34 +0800PLA 'drives away' US destroyer from Xisha Islands
Beijing said the People’s Liberation Army has “driven away” a US destroyer that had illegally entered Chinese territorial waters by sailing near the Xisha Islands.
The USS Benfold's actions seriously violated China's sovereignty and security, ...
Tue, 12 Jul 2022 15:54:12 +0800Dozens of mainland cities on heatwave alert
Dozens of Chinese cities baked in scorching temperatures as heatwaves melted the roofs of buildings and buckled roads and sweltering weather drove people to seek the cool in raid shelters underground.
Nearly 70 cities – including Shanghai and near...
Mon, 11 Jul 2022 12:31:11 +0800Prosecution begins for ex-justice chief Fu Zhenghua
Former justice minister Fu Zhenghua is being prosecuted for alleged corruption.
According to Xinhua News Agency, "a public prosecution has been initiated... over suspected bribe-taking and bending the law for personal gains" in the case against Fu.
...
Mon, 11 Jul 2022 11:47:29 +0800Macau falls silent as most businesses shut for a week
Streets in Macau were largely empty on Monday with all casinos and other non-essential businesses shut on the first day of a week-long suspension, as the gambling hub raced to contain a growing Covid outbreak.
Residents were ordered to stay at home...
Sun, 10 Jul 2022 14:22:05 +0800Wang Yi holds "candid" talks with Blinken in Bali
Foreign Minister Wang Yi held in-depth and candid talks with US Secretary of State Antony Blinken on the sidelines of the G20 foreign ministers' meeting in Bali on Saturday, officials from both sides said.
The foreign ministry in Beijing said the tw...
Sat, 09 Jul 2022 18:27:18 +0800Macau to halt non-essential services for a week
The Macau government on Saturday ordered a one-week suspension of all non-essential commercial and industrial businesses, including casinos, starting next Monday to curb its latest Covid outbreak.
Only companies authorised by the government, those ...
Thu, 07 Jul 2022 12:52:09 +0800Beijing rejects US, UK claims of Chinese espionage
China has described as "groundless" claims by the US and UK that Beijing is determined to steal their technology for competitive gain.
The heads of MI5 and the Federal Bureau of Investigation, in a rare joint address at the British intelligence serv...
Wed, 06 Jul 2022 16:28:21 +0800Wang Yi seeks 'golden era' in ties with Philippines
Foreign Minister Wang Yi said on Wednesday Beijing was ready to work with new Philippine President Ferdinand Marcos Jr to help usher in what he called a "new golden era" in bilateral relations.
That relationship "turned a new page" with the election...
Wed, 06 Jul 2022 11:57:47 +0800Grand Lisboa sealed off after Covid cases found
Macau has locked down the Grand Lisboa, one of the city's most famous hotels, after more than a dozen Covid-19 cases were found there on Tuesday, as infections spread in the world's biggest gambling hub.
At least 16 other buildings across the specia...
Tue, 05 Jul 2022 17:30:58 +0800China sees record heat, rainfall
China sweltered under the hottest June in decades, while rainfall hit records during the month.
The average temperature across the nation hit 21.3 degrees Celsius in June, up 0.9 Celsius from the same period last year and the highest since 1961, the...
Tue, 05 Jul 2022 16:04:01 +0800China mulls using pork reserves to rein in costs
Chinese authorities could dip into strategic pork reserves in a bid to rein in prices of the staple meat, Beijing's top economic planner said on Tuesday.
Pork prices in the world's second-biggest economy spiked late last month, with the meat selling...
Tue, 05 Jul 2022 11:20:50 +0800Liu He, Janet Yellen hold 'constructive' video call
Vice Premier Liu He had a "constructive" exchange over macro economies and global supply chains via a video call with US Treasury Secretary Janet Yellen on Tuesday, the Commerce Ministry in Beijing said.
According to Xinhua News Agency, the two side...
Mon, 04 Jul 2022 19:22:03 +0800China rejects Nasa claim it will take over the moon
Beijing on Monday rejected as an irresponsible smear a warning from the chief of Nasa that China might "take over" the moon as part of a military programme, saying it has always called for the building of a community of nations in outer space.
China...
Mon, 04 Jul 2022 19:00:10 +0800Wang Yi meets foreign ministers in Myanmar
Foreign Minister Wang Yi met his counterparts from Myanmar, Laos, Thailand, Cambodia and Vietnam during a meeting of the Lancang-Mekong Cooperation group on Monday in the Myanmar city of Bagan.
The grouping is a Chinese-led initiative that includes ...