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China's biggest banks are lowering the deposit rates offered to savers, a move that could pave the way for the central bank to make interest-rate cuts to spur economic growth. Five state-owned...
Shanghai Disney Resort on Wednesday opened the world’s first Zootopia-themed land at Shanghai Disneyland, in another major step by the US-based entertainment giant to expand in the Chinese market amid a continuous rise in the nation's consumption power.
Preventing and resolving financial risk is expected to remain high on the agenda at a major economic conference as sweeping changes are made to rural credit systems.
Home prices in major Chinese cities fell for the fourth straight month in October, recording the steepest drop in nearly nine years amid slumping demand.
The contraction in China’s home sales and property investment both deepened in October, a steeper downturn that may push the government to do more to shore up the struggling housing market. Investment in property development fell 9.3 percent in the first 10 months of 2023, compared with a 9.1 percent…