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Latest Articles in china

China Frees Up $56 Billion For Virus-Hit Economy By Slashing Small Banks' Reserve Requirements

Chinese banks issues new loans totalling nearly 7 trillion yuan ($989 billion) in the first quarter, said Zhou Liang, vice head of the China Banking and Insurance Regulatory Commission (CBIRC).

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Oil Analysts Sceptical About Saudi-Russian 'Deal'

"The challenge in cutting is that Saudi Arabia refuses to carry the cut burden alone; it expects OPEC and its allies (OPEC+) to help, as well as other countries like the U.S. and Canada."

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H&M Sees Second Quarter Loss As Pandemic Slams Sales In March

The pandemic has forced H&M to temporarily close most of its stores, flag big layoffs and scrap its annual dividend for the first time since its 1974 listing.

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China May Ease Electric Car Quotas, Delay Emission Rules To Help Automakers

China requires automakers doing business in the country to follow strict rules covering the production of so-called new energy vehicles (NEVs) as part of a quota system.

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Huawei Posts 5.6% Rise In 2019 Profit, Smallest Increase In Three Years

Net profit for 2019 came in at 62.7 billion yuan ($8.9 billion), up 5.6% compared with a 25% jump a year earlier.

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Global Markets: Asia Shares Edge Up, China Factories Show Flicker Of Life

China's official manufacturing purchasing managers' index (PMI) bounced to 52.0 in March, up from a record-low 35.7 in February and topping forecasts of 45.0.

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Coronavirus sees China's Geely Automobile facing one of toughest years

The industry worldwide will also be seeking to revive sales as soon as there is a widespread easing of restrictions on movement to slow the spread of the coronavirus, which has killed more than 30,000 people globally.

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Tardy Response To COVID-19 Pandemic: WHO In Dire Need Of Reforms

Although, plentiful has been written about China’s inaction during the early days of the outbreak of this pandemic, there is scant mention of WHO being held accountable for its tardy response which has denied the world the critical time it needed to prepare for the crisis. An early action by the WHO, declaring COVID-19 as a PHEIC (Public Health Emergency of International Concern) followed by promulgation of detailed strategy for its containment and advising governments on policy matters would have saved many innocent lives across the world.

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China's Factory Activity Seen Recovering In March, But Still In Contraction After Virus Shock

China's official manufacturing Purchasing Manager's Index (PMI) is forecast to rise to 45 in March, from a record low of 35.7 a month earlier, according to the median forecast of 18 economists polled by Reuters.

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China's Factory Activity Seen Recovering In March, But Still In Contraction After Virus Shock

China's official manufacturing Purchasing Manager's Index (PMI) is forecast to rise to 45 in March, from a record low of 35.7 a month earlier, according to the median forecast of 18 economists polled by Reuters.

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China Unexpectedly Cuts Reverse Repo Rate By Most In Five Years To Support Virus

The People's Bank of China (PBOC) said on its website that it was lowering the 7-day reverse repo rate to 2.20% from 2.40%.

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Coronavirus Will Disrupt Global Construction Sectors, But Activity Resuming In China: Moody's

Strong order backlogs will provide some revenue support for companies once they are able to resume construction activity, while economic stimulus measures.

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China's Industrial Firms Post Steepest Fall In Profits In A Decade

Profits earned by Chinese industrial firms in the first two months dropped 38.3% from a year earlier to 410.7 billion yuan ($58.15 billion), worsening from a 6.3% fall seen in December,

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China Says Imports Of Some Products Affected By Coronavirus Epidemic

Ministry officials also said during a weekly online briefing that China will encourage local governments to roll out measures to support the sales of cars and new energy vehicles.

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China's Factories Reopen, Only To Fire Workers As Virus Shreds Global Trade

China's urban jobless rate hit 6.2% in February, up one percentage point from the end of 2019, and a record since the statistics bureau started publishing the data in early 2018.

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