China tightens export controls on rare earths, a group of chemical elements essential for producing electric vehicles and some weapons (including missiles), requiring exporters to report their type and destinations. In a note, the Ministry of Commerce specified that the tightening will last two years (October 2023-October 2025). The move, a few days before the … Read more
Bloomberg — A brief liquidity crisis shook China’s money markets earlier this week, illustrating how the country’s tightly managed financial system is under strain from a deluge of government debt sales. On Tuesday, interest rates on overnight interbank loans shot up to 50% in isolated transactions for non-bank institutions, worsening a usually mild end-of-month funding … Read more
original title: Yan Ge: Building a bustling and lonely “Pingle Town” more than 8,000 kilometers away Chengdu Commercial Daily-Red Star News reporter Mao Yuchuan “I wrote “Pingle County Chronicle” like a lunatic.” In the conversation with Yan Ge, she said bluntly. When she started writing, she had been away from her hometown for many years. … Read more
TEMPO.CO, Jakarta – Chinese looking at the situation in Gaza “very serious” about the increasing risk of large-scale ground offensive conflict and the spread of armed conflict along the borders of neighboring countries in the Middle East. This was stated by China’s special envoy for the Middle East Zhai Jun on Monday 23 October 2023. … Read more
2023/10/22 11:37 According to statistics from the Israeli government on the 21st, since the conflict with Hamas, 235 foreigners have been killed and 74 missing. The Israeli army will intensify its air strikes in Gaza. The picture shows the scene of the attack on the Zenin Mosque. (Reuters) [Instant News/Comprehensive Report]The Palestinian militant organization Hamas … Read more
Still a long way from real dollar competitionA key driver for the growing use of the yuan internationally is the sharp rise in US interest rates, which makes dollar loans expensive. The US Federal Reserve has increased its key interest rate from close to zero to a range of 5.25 to 5.50 percent since the … Read more
October 16, 2023, 1:43 p.mPiataAuto.md editors Norway was one of the first European countries where Chinese manufacturers made their launch, because, not being part of the EU, they could obtain the necessary certifications more quickly, but also because the huge interest in electrics in this country motivated them even more . So now, in Norway, … Read more
At the beginning of this year, the Chinese BYD launched one of the most fabulous electric supercars in China, named YangWang U9. The car has 4 electric motors, totaling 1,100 HP, and reaches the first hundred in just 2 seconds, aspiring to become a kind of China’s Rimac Nevera. AND, although the supercar’s brakes appear … Read more
China still shows elements of deflation: in September consumer prices surprisingly remained unchanged on an annual basis, compared to analysts’ estimates of a rise of 0.2% to strengthen the recovery trend of August (+0.1% ). While on a monthly basis, the National Statistics Office reports, there is an increase of 0.2%. On producer prices, the … Read more
October 12, 2023 13:22 Source: China News Network Participate in interaction [Hong Kong, Macao and Taiwan Special Line]The annual list of the 7th Chinese Drama Festival was announced and the Hong Kong drama “The First Floor in the World” won the three best China News ServiceGuangzhou, October 12 (Reporter Cheng Jingwei) “Drama Night – The … Read more