In an effort to assure international financiers about China's openness to foreign investment, the nation's top financial authorities addressed a prominent forum in Shanghai on Thursday. This comes amid mounting apprehension among global firms about the perceived decline in China's receptiveness.
A farmer known only as Chen in Henan province, China, stands amidst rows of wheat damaged by weeks of relentless rain, with the oversaturated crops requiring days to dry before harvesting can begin.
China's economic revival hits a rough patch as export numbers in May fell sharply, raising concerns about the fragility of the nation's recovery amid a worldwide faltering demand. The falling demand, particularly from advanced economies, poses a significant hurdle to the world's second-largest economy that had shown stronger than expected growth in the initial quarter.
Claims have emerged suggesting that China might have infiltrated the TikTok profiles of Hong Kong activists, accessing personal information, as per allegations in a lawsuit filed by a former ByteDance executive. ByteDance, TikTok's parent company, categorically denies these assertions.
Recent events in the Taiwan Strait and the South China Sea have painted an alarming picture of escalating military tensions between the US and China. This past Saturday marked another close call when a Chinese vessel ventured within 150 yards of an American destroyer, compelling it to reduce its speed. This incident followed a prior near-miss, when a Chinese fighter jet cut across the path of a US aircraft, prompting an official rebuke from the United States.
In a move that appears aimed at reinforcing China's currency, the yuan, an autonomous regulatory entity supervised by the People's Bank of China (PBOC) has instructed key state-owned banks to diminish interest rates on dollar deposits, according to insiders with first-hand knowledge of the matter.
In the pursuit of untapped renewable energy, Chinese researchers have achieved a significant milestone by developing a technology that transforms seawater into hydrogen and oxygen.
Recent setbacks in China's post-pandemic economic resurgence have led to a six-month low for the yuan against the dollar, with analysts predicting the possibility of further depreciation. The world's second-largest economy is grappling with numerous challenges as it seeks to steady its course.
In a historic move, Taiwan and the United States are preparing to ink their inaugural deal under the newly formulated trade dialogue on Thursday, a move seen as an enhancement of relations amidst China's intensified pressures on Taiwan, a democratically-governed region.