Page 12 - Chinese Government
China adds 1 trn yuan more of stimulus to rescue economy, bolster growth
China stepped up its economic stimulus with a further 1 trillion yuan of measures to bolster growth and curb the fallout of repeated Covid lockdowns and the crisis in the property market
 "China adds 1 trn yuan more of stimulus to rescue economy, bolster growth")
China announces 19 new policies in a bid to bolster economic growth
The measures -- unveiled by the State Council, the country's Cabinet -- include more than 1 trillion yuan ($146 billion) in new funding to boost investment and consumption, as well as more flexibility
 "China announces 19 new policies in a bid to bolster economic growth")
Chinese banks inflating loan numbers amid struggle to meet govt demands
Some state-owned Chinese banks are extending loans to companies and then allowing them to deposit funds at the same interest rate
 "Chinese banks inflating loan numbers amid struggle to meet govt demands")
ICAI probing chartered accountants for role in helping Chinese loan apps
Indian CAs are accused of not conducting due diligence before signing several statutory documents for several Chinese loan apps
 "ICAI probing chartered accountants for role in helping Chinese loan apps")
China's airlines could join the multibillion-dollar exit from US markets
China Eastern Airlines and China Southern Airlines could "soon" announce similar intentions, according to Redmond Wong, a Greater China market strategist at Saxo Bank
 "China's airlines could join the multibillion-dollar exit from US markets")
China realty developers plead for govt help to restore sales amid protests
Protesters have tried to disrupt home sales by chanting slogans and pulling down banners when developers open new projects, according to the letter.
 "China realty developers plead for govt help to restore sales amid protests")
China's Covid zero policy could last for years as it works for Xi
It's 2025 in Beijing, five years since the start of the pandemic, and Chinese President Xi Jinping's Covid Zero policy is still an inescapable part of daily life
 "China's Covid zero policy could last for years as it works for Xi")
President Xi Jinping's Beijing invite ignored by top Europe leaders
Chinese Foreign Ministry denies the reports
 "President Xi Jinping's Beijing invite ignored by top Europe leaders")
Chinese regulators to fine Didi over $1 billion for data breaches
Didi's penalty could pave the way for Beijing to ease a restriction banning it from adding new users to its platform and allow its apps to be restored on domestic app stores
 "Chinese regulators to fine Didi over $1 billion for data breaches")
China's yield curve is steepest in two years as liquidity swells
Longer yields are being kept from falling due to expectations for economic recovery and the prospect of additional debt issuance
 "China's yield curve is steepest in two years as liquidity swells")
China raises loan-support efforts for developers amid mortgage boycott
Asks banks to meet financing needs; officials consider temporary waivers
 "China raises loan-support efforts for developers amid mortgage boycott")
India approved FDIs from 80 Chinese entities till June 29: Report
Out of 382 FDI proposals the central government received from Chinese firms, India approved 80 till June 29
 "India approved FDIs from 80 Chinese entities till June 29: Report")
Taiwan seeks to pass bills to protect 'core' tech from Chinese espionage
The amendments would increase prison time and fines for people who work with foreign entities to steal information about 'core' technologies, reported Taipei Times
 "Taiwan seeks to pass bills to protect 'core' tech from Chinese espionage")
China orders govt agencies, state firms to dump foreign PCs within 2 years
It's likely to directly affect sales by HP Inc. and Dell Technologies Inc., the country's biggest PC brands after local champion Lenovo Group Ltd
 "China orders govt agencies, state firms to dump foreign PCs within 2 years")
China willing to cement friendship with Nepal, safeguard peace: Wang Yi
Visiting Chinese State Councilor and Foreign Minister Wang Yi has said China is willing to join hands with Nepal to cement friendship between the two countries and safeguard regional peace.
 "China willing to cement friendship with Nepal, safeguard peace: Wang Yi")
Chinese govt buying stakes in tech firms to increase its influence
As part of the broader strategy of the Chinese Communist Party (CCP) to increase State ownership of private companies, the State-backed firms and regulators are obtaining stakes
 "Chinese govt buying stakes in tech firms to increase its influence")
China wipes $26 billion off Meituan's value with new fee policy
Online food delivery platforms were also told to give preferential fees to restaurants in regions hit by the pandemic
 "China wipes $26 billion off Meituan's value with new fee policy")
Chinese president Xi Jinping orders combat testing of military equipment
The Chinese military has begun combat-oriented testing and assessment of its weapon systems following President Xi Jinping's order to perform in the real battle conditions
China considers Evergrande split to contain crisis in realty sector
The restructuring plan calls for the developer to sell most of its assets
 "China considers Evergrande split to contain crisis in realty sector")
China caps weekly policy easing blitz with fresh rate cuts
The People's Bank of China (PBoC) said it had trimmed rates on its standing lending facility (SLF) loans by 10 basis points (bps) effective Jan. 17