China’s Social Credit System

SYDNEY : Asian stocks struggled on Wednesday as a lack of new stimulus steps from Beijing frustrated investors, who were also wondering just how hawkish the world's most powerful central banker would be later in the session. Federal Reserve Chair Jerome Powell faces lawmakers in two days of testimony and…

BEIJING/SHANGHAI: China unveiled on Wednesday (Jun 21) a 520 billion yuan (US$72.3 billion) package to boost sales of electric vehicles (EVs) and other green cars over the next four years to prop up softening auto demand, sending shares of automakers sharply higher. The package, widely expected after an earlier government…

A slew of recent data releases has raised questions in the oil markets over the fragility of China’s economic recovery. Recent rumours about new fiscal stimulus from China’s government have led to optimism in global markets. Given the two-speed recovery of the Chinese economy, crude demand may not see a…

In May, China’s total power generation rose by 5.6% year-on-year. China’s coal-fired generation has increased the most of any power source this year. Reduced water levels in hydro reservoirs have led to a decline in hydropower generation in China. China’s coal-fired generation has increased the most of any power source…

© Reuters. Investing.com -- Goldman Sachs (NYSE:) slashed its economic growth forecasts for China on Sunday, stating that current levels of stimulus from the government will provide less support for the economy than previously thought. The investment bank cut its forecast for 2023 gross domestic product (GDP) to 5.4% from…

© Reuters. FILE PHOTO: Paramilitary police officers stand guard in front of the headquarters of the People's Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. REUTERS/Tingshu Wang/File Photo By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever,…

BEIJING: U.S. Secretary of State Antony Blinken arrived in Beijing on Sunday, the first top American diplomat to visit China in five years, amid frosty bilateral ties and dim prospects for any breakthrough on the long list of disputes between the world’s two largest economies. Having postponed a February trip…

PRESIDENT Ferdinand Marcos Jr. will continue to head the Department of Agriculture (DA) until "systems are all in place" to ensure the country's food security. Speaking to reporters after the ceremonial turnover of urea fertilizers from China Friday, the President said he has been waiting for someone to volunteer for…

Alibaba founder Jack Ma is "happy," according to the company's President Michael Evans. Te comments come as speculation about the billionaire's activities continues following China's crackdown on Ma's empire. Costfoto | Future Publishing | Getty Images PARIS — Alibaba founder Jack Ma is "alive" and "happy," the Chinese e-commerce giant's…

U.S. Secretary of State Antony Blinken boards his plane for travel to Berlin at Joint Base Andrews, Maryland, June 22, 2021. Andrew Harnik | Pool | Reuters BEIJING — U.S. Secretary of State Antony Blinken is set to travel to Beijing this weekend in his first trip to China under…