Ant Group Spends $2.9 Billion on Research
Last year, Ant Group Co. spent a record 21.2 billion yuan ($2.9 billion) on research.
China - page 14
Worldpay Says About Growth of Demand for Digital Wallets in China and India
Based in the United Kingdom, Worldpay, a company specializing in the implementation of payment transaction processing activities, has published a report according to which there is currently an increase in the use of digital wallets at the global level.
US Reportedly Considers Further Restrictions on China’s Access to Chip Technology
The media reported that the administration of the President of the United States Joe Biden is currently considering the possibility of introducing additional restrictive measures regarding the possibility of China’s access to chip technologies.
China’s Exports Demonstrate Growth
In May, China recorded an increase in exports, which exceeded preliminary expectations.
China’s Factory Activity Growth Reaches 2-Year High
In China, the level of factory activity was recorded in May, which demonstrated the fastest rising pace in about the last two years.
Mainland China Rolls Out New Crackdown on Macau’s Illegal Money Exchanges
Mainland Chinese officials have called for measures to curb the illegal money exchange business at the casino hub in Macau.
IMF Lifts China Growth Forecast
The International Monetary Fund (IMF) expects China’s economic system to show growth of 5% in the current year.
Researchers Say About Advantage of Hong Kong’s Offshore Position for China
Leading Chinese researchers advise Beijing to step up its efforts to raise large amounts of foreign investment by focusing on its role in the Asian supply chain and using Hong Kong’s offshore position for appropriate purposes.
Apple’s iPhone Sales in China Demonstrate Growth
In China, a significant increase in sales of Apple’s iPhone smartphones was recorded in April.
China’s Wary Investors Demonstrate Interest in Ultra-Long-Term Special Government Bonds
The surge in interest in China’s ultra-long-term special government bonds, which are extremely rarely offered, has become evidence that investors are interested in the so-called safe-haven assets since they need at least some guarantees and some protection during a period of significant economic instability.
China’s Middle Class Concerns About Spending
According to the results of a study conducted by employees of the Southwestern University of Finance and Economics in Chengdu, Sichuan Province, Chinese families who belong to the middle-class category continue to take a cautious approach in the context of their spending issues.
China Creates $47.5 Billion Chip Fund
China has set up the largest investment fund in the history of this Asian country dedicated to the development of homegrown chips, which is especially important for Beijing at the current historical moment characterized by a high level of geopolitical tension.
Xiaomi’s Sales Demonstrate Growth
The financial results of Chinese Xiaomi for the first quarter of the current year exceeded preliminary expectations, as the process of gradual recovery of the global economy became a factor that created favorable circumstances for the business of this manufacturer of electronic appliances.
China’s Capital Outflow Demonstrates Growth
In April, China recorded an increase in the tendency of capital outflows.
China Consumers Face Growing Utility Costs
In China, the local consumer community has recently been facing very unfavorable circumstances in the economic environment of this Asian country in the form of a prolonged and deep downturn in the real estate market and a weak labor market, but this negative period still shows no signs of an early end and at the […]
Baidu Revenue Grows
Baidu Inc.’s revenue for the first quarter of 2024 showed the slowest growth rate in more than a year.
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