Stay updated with breaking news from Although Beijing. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Although Beijing has extended firm diplomatic support to Russia during the Ukraine conflict, it appears unwilling to back Moscow in a whole-hearted manner to av
Although Beijing has extended firm diplomatic support to Russia during the Ukraine conflict, it appears unwilling to back Moscow in a whole-hearted manner to av
Google parent Alphabet reported its first quarterly revenue decline since the fourth quarter of 2019 before the COIVID-19 pandemic
China’s central bank yesterday refrained from cutting interest rates and injecting liquidity into the economy, disappointing analysts who had expected more forceful action to cushion growth from worsening COVID-19 outbreaks. Its focus is shifting to a possible reduction in the reserve requirement ratio (RRR) for banks, a move that would give lenders cheap funding to spur loans and growth in the economy. The Chinese State Council hinted strongly on Wednesday of a reduction in the RRR. The People’s Bank of China (PBOC) yesterday kept the rate on its one-year policy loans at 2.85 percent. Onl...
Shanghai yesterday announced a record 21,000 new cases and a third consecutive day of COVID-19 testing as a lockdown of its 26 million people showed no sign of easing and Chinese cities tightened curbs — even in places with no recent infections. Beijing intervened in Shanghai after the failure of its slice-and-grid approach, and insisted that China stick to its elimination approach to COVID-19, which it says is essential to keeping death rates low and preventing its medical system from breaking down. Local authorities across China are stepping up virus control measures, including movement re...