published September 27, 2024 at 5:26 a.m The central bank lowered the mandatory deposit rate, allowing banks to issue more loans. (Archive image) © Andy Wong/AP/dpa China’s central bank has cut an important rate for banks to help the struggling economy. By reducing minimum reserves by 0.5 percentage points, banks will have to retain fewer … Read more
China’s central bank has cut an important rate for banks to help the struggling economy. By reducing minimum reserves by 0.5 percentage points, banks will have to retain fewer mandatory balances, according to a statement in Beijing. This means that financial institutions have more money available to issue loans or buy government bonds to finance … Read more
Engine developed in Königswinter New Russian drone flies with help from China and Germany Updated on September 14, 2024 – 10:41 a.m.Reading time: 3 min. Soldiers examine a drone at an unknown location, which is said to be a new Russian development. (Source: National Police of Ukraine) It is named after the winged creature Harpy … Read more
Xi promised the approximately 50 African heads of state and government that they would establish partnerships in the military, education and training, trade, agricultural development and renewable energy sectors, among others. China wants to hold military exercises with African states, set up green energy projects and send medical personnel to Africa, Xi explained. China also … Read more
China is adding another metal to its list of restricted raw materials for export, which is also used in armaments. Export controls on antimony will apply from September 15, the Ministry of Commerce and the Customs Administration in Beijing announced. The authority cited improved protection for national security and the fulfillment of international obligations such … Read more
o the original text to create a unique and original article. The Future of Automotive Industry at the Beijing Auto Show The Beijing Auto Show is not just a showcase of the latest cars, but a glimpse into the future of the automotive industry. With advancements in technology and the rise of autonomous driving, cars … Read more
The city of Magnitogorsk in the Ural Mountains was designed and built to become a symbol of Soviet industrial power and economic modernization. Today, a Chinese engineering giant and hundreds of Chinese workers are building a new coking plant for 75 billion rubles (19 billion CZK) in this steel city, reports Bloomberg. The contract between … Read more
“Unilumin Group has good relations with Saudi Arabia. And we will further enhance our cooperation in the future,” said Daoren Yuan, Vice President of Unilumin Group. The 3rd Belt and Road Forum for International Cooperation was held in Beijing from October 17-18. At the forum, Unilumin Group, a leading organization in The LED industry has … 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
Nineteen-year-old American Coco Gauff defeated Maria Sakkari 6:2, 6:4 in the quarterfinals of the tournament in Beijing after a superb performance, extending her record streak to 16 wins. No tennis player has won more in a row this season on the WTA Tour. After the defeat, the Greek player lost the chance to qualify for … Read more