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A view of a property construction site in Nanjing, Jiangsu province. YANG BO/CHINA NEWS SERVICE Chi

SHENZHEN (Xinhua) – A team of 16 college students from Shenzhen University has developed an artificial intelligence (AI) program that helps identify sick lion-head geese for breeders, increasing the survival rate of the gaggle by 30 per cent. Lion-head geese are a primary ingredient in making local marinated goose dishes in the Chaoshan area of […]

China's banks will cut deposit rates soon as part of efforts to make mortgages more affordable and revive property demand, analysts reading China's cryptic policy messages reckon. ...

China's central bank is likely to cut lending rates further in a bid to revive the economy but reluctance among private firms and households to borrow means continued policy easing could end up hurting banks already battling margin pressures, analysts said.

China's central bank is likely to cut lending rates further in a bid to revive the economy but reluctance among private firms and households to borrow means continued policy easing could end up hurting banks already battling margin pressures, analysts said. Small cuts in rates will not have a big impact on demand for loans as families and businesses repair balance sheets damaged by COVID and repay debts, economists said, forcing Beijing to rely on fiscal stimulus and other policy tools to spur demand. The People's Bank of China (PBOC) cut its benchmark loan prime rates (LPR) for th...