China’s Social Credit System

What Happened: A few months after China fully opened international borders in January, it’s clear that the rebound of Chinese tourism to Europe will be different from pre-pandemic patterns. Visitor numbers have not bounced back. According to travel data company ForwardKeys, ticket prices for China-to-Europe trips are 80 percent higher…

AUD/USD remains pressured around intraday low during the first loss-making day in seven. China Trade Balance improves in USD terms, eases per CNY rates while Exports, Imports both drop in April. Sour sentiment, firmer yields underpin US Dollar’s corrective bounce ahead of the key debt ceiling talks. Australia’s annual budget,…

China's Trade Balance for April, in Chinese Yuan terms, came in at CNY618.44 billion versus CNY637.16 billion expected and CNY601.01 billion last. The exports jumped by another 16.8% in the reported period vs. 10.5% expected and 23.4% previous. The country’s imports fell by 0.8% vs. 6.1% prior. The market forecast was…

The Chinese foreign minister said that China will continue to respect Afghanistan's sovereignty, independence, and territorial integrity Image Courtesy Reuters Foreign Minister and State Councillor of China Qin Gang has stated that China is prepared to help Afghanistan achieve self-sufficiency, peace, stability, growth, and prosperity. According to a report by…

published : 7 May 2023 at 08:02 This photo taken on Feb. 13, 2023 shows V. heyuanensis, a new Viola species found in Heyuan City of south China's Guangdong Province. (Baixi provincial nature reserve/Handout via Xinhua) GUANGZHOU: Chinese researchers have discovered a new Viola species, V. heyuanensis in south China's…

published : 7 May 2023 at 07:53 Local officials in northern China moved the bodies of miners killed in a flood last year and produced a fake accident report to downplay the scale of the disaster, an official report has concluded. In 14 total bodies were discovered after the iron…

China's Foreign Ministry on Friday angrily protested a Canadian intelligence report that asserted Chinese diplomats tried to intimidate a Canadian member of parliament for his criticism of Bejing. China's strong comments come after Canadian Foreign Minister Melanie Joly on Thursday summoned China's ambassador to Canada, Cong Peiwu, and said she…

Neil Shen, the founding and managing partner of Sequoia China, has been named this year’s top investor in the 2023 Forbes Midas List. This marks his fourth time taking the top spot, having previously been knocked off twice before. With investments in Chinese unicorns Meituan, Pinduoduo and ByteDance, he has…

BEIJING :China's service activity grew for a fourth month in April, a private-sector survey showed on Friday, as businesses benefitted from a return toward pre-pandemic levels of demand and output, although the momentum slowed. The Caixin/S&P Global services purchasing managers' index (PMI) stood at 56.4 in April, above the 50-point…

Tesla raises prices for new Model S, Model X in ChinaRead More