The move comes as Beijing intensifies efforts to convince cautious households to spend as rising external uncertainties threaten exports’ ability to prop up economic growth.
China’s latest stimulus measure offers a 15 per cent subsidy for purchases of smartphones, tablets and smartwatches.
A renewal of the subsidy has been anticipated by dealers and car buyers,” said Chen Jinzhu, CEO of Shanghai Mingliang Auto ...
The Kobeissi Letter indicated that China recorded lower interest rates for the first time in 30 years than Japan. The report ...
On January 6, Chinese authorities revealed plans to develop a comprehensive national data infrastructure, with blockchain ...
The mainstay of Xi’s address concerned the economic success of China. He stressed that the Chinese economy is thriving, and ...
China’s pension system is in danger of running out of cash within a decade due to severe underfunding. Now it faces a new ...
China's leaders are preparing for economic shocks from potential US tariffs and other market challenges. They are implementing strategies like consumer subsidies for energy-efficient vehicles and ...
China's renminbi hit a 16-month low amid fears of US tariffs under Trump, despite the PBoC maintaining steady daily rates.
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers ...
China's leaders are bracing for potential shocks to the economy from higher tariffs once U.S. President-elect Donald Trump ...
Goldman Sachs predicts gold could reach $3,000 per ounce by the second quarter of 2026 amid strong central bank demand.