Chinese Employees Cash Out CBDC Due to Lack of Utility
Although many state Chinese workers receive their salaries in “e-CNY” CBDC aka digital yuan, survey shows they seldom have chances to use it and often convert it all to physical cash.
China - page 14
Mastercard Launches Domestic Payments Processing in China
Mastercard, having established a joint venture, has started domestic payment processing activities in China.
Generative AI Accelerates Human-Like Robot Development
Artificial intelligence, existing in forms similar to OpenAI’s ChatGPT, brings a new configuration of technological reality closer to full-fledged and large-scale materialization, in which humanoid robots are what correspond to the concept of an ordinary phenomenon.
China’s Services Activity Growth Eases
In April, China recorded a slowdown in the expansion of the local service sector, but at the same time, the dynamic of the growth was demonstrated by new orders.
Huawei Reports Quarterly Earnings
Huawei Technologies on Tuesday, April 30, released information on the financial performance of its activities in the first quarter of the current year.
Chinese Companies Boost Investing Abroad
Chinese companies are currently actively increasing investments in their business development in other countries, as a result of which the indicator of corresponding financial injections is approaching the mark equivalent to an eight-year high.
Apple’s Q1 Smartphone Sales in China Demonstrate Decline
In the first quarter of 2024, sales of Apple Inc.’s iPhone significantly decreased in the Chinese smartphone market.
China’s Q1 Fiscal Revenue Demonstrates Decline
In the first quarter of the current year, China’s fiscal revenue showed a decrease of 2.3% compared to the result for the same period in 2023.
S&P Says About Loosening of China’s Fiscal Stimulus
Yunbang Xu, senior analyst at S&P Global Ratings, said that China’s fiscal stimulus program is gradually weakening.
Huawei Releases New Phone Lineup
Huawei Technologies Co. on Thursday, April 18, presented a new series of smartphones.
China’s Economy Demonstrates Growth
In the first quarter of the current year, China’s economy showed growth that exceeded preliminary expectations, turning out to be a steady process, mainly as a result of the positive state of affairs in the high-tech segment of the manufacturing sector.
Official Says About Impact of China’s Policy to Boost Demand
China’s new political strategy, which is aimed at stimulating domestic demand in this Asian country, will become a significant factor in impacting the growth of the local economy in the foreseeable future.
China Reports Inflation Data
In China, the level of consumer prices in March remained virtually unchanged compared to a year ago figure, while the cost of manufactured goods in this Asian country continues to be on a downward trajectory, which is evidence of the existence of deflationary pressures threatening the prospects of the local economic system.
Fitch Downgrades China’s Outlook
Last Tuesday, April 9, Fitch downgraded the outlook on China’s credit rating, explaining the corresponding decision by the fact that currently, this Asian country is facing such negative circumstances as growing financial risks that have arisen against the background of significant problems in the local economic system.
China’s Premier Li Qiang Assembles Economic Experts to Discuss Current Challenges
Last Monday, April 8, Chinese Prime Minister Li Qiang held a meeting with economic experts and representatives of the business community.
Global Companies With China Units Choose Cheaper Renminbi Funding
Global companies that have business in China are increasingly issuing debt obligations in renminbi to finance activities in the Asian country, as for the first time in six years such a solution has become more cost-effective compared to the practice of raising funds in US dollars.
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