Exporters in Zhejiang and Guangdong provinces said payments from Russia can still be received in yuan through BOC, albeit delayed, after they were told to switch to the Chinese currency this year.“We were notified that we must change to the yuan, and now each and...
“Direct and indirect government support is leading to capacity significantly exceeding China’s domestic demand, as well as what the global market can bear,” Yellen said at an American Chamber of Commerce in China event on Friday.“Overcapacity can lead to large volumes of exports at depressed...
China’s initial public offerings (IPOs) tumbled 65 per cent in the first quarter, a trend that is likely to persist through the year as the securities regulator has pledged to improve the quality of new listings and apply more scrutiny to listing applicants.Twenty-eight companies have...
China’s eastern economic powerhouse of Jiangsu has become the first province to invite foreign businesses to take part in its strategic industrial chains, part of a national effort to retain and attract foreign investors.But analysts expressed concerns over the strategy’s long-term viability as geopolitical tensions...
Property markets in China’s Greater Bay Area will see an uptick in 2024, as businesses and communities find synergies within the 11-city economic powerhouse which has a GDP of US$2 trillion and a population of 86 million, experts say.While new home sales performance have remained...