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Xinhua

China property: Shanghai relaxes home buying restrictions, grants subsidies for new flats to revive sector

by Anas Siddiqui
China property: Shanghai relaxes home buying restrictions, grants subsidies for new flats to revive sector

The minimum 5-year mortgage rate has been reduced to 3.5 per cent for first homes from 4.1 per cent, and 3.9 per cent from 4.5 per cent for second homes. …

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China unveils plan to keep officials’ noses clean in campaign to control financial risk

by Anas Siddiqui
China unveils plan to keep officials’ noses clean in campaign to control financial risk

China’s Politburo – a high-level decision-making body of the country’s Communist Party – reviewed a pilot accountability mechanism for financial de-risking on Monday, the latest offensive in Beijing’s campaign to …

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Xinhua lashes out at West over attacks on Hong Kong after US report calls for more sanctions

by Ron Morgan
Xinhua lashes out at West over attacks on Hong Kong after US report calls for more sanctions

Chinese state news agency Xinhua has lashed out at Western countries for what its says are continued attempts to smear Hong Kong’s national security laws and threats to sanction the …

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Death toll from China’s Guangdong highway collapse rises to 48 as President Xi Jinping orders maximum push to save lives

by Ron Morgan
Death toll from China’s Guangdong highway collapse rises to 48 as President Xi Jinping orders maximum push to save lives

They said that in addition to the death toll, a further 30 people were injured and 23 vehicles were trapped, and they were continuing the search for bodies and injured …

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Tornado hits China’s hail-battered southern city of Guangzhou as province battles deadly floods with more rain forecast

by Ron Morgan
Tornado hits China’s hail-battered southern city of Guangzhou as province battles deadly floods with more rain forecast

Tornado hits China’s hail-battered southern city of Guangzhou as province battles deadly floods with more rain forecast A strong tornado hit China’s southern mega city of Guangzhou on Saturday afternoon, …

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China passes mass production milestone in carbon-14 isotope output

by Ron Morgan
China passes mass production milestone in carbon-14 isotope output

China has started mass production of a radioactive isotope widely used in science and medicine, putting the country on the path to ending its near-total reliance on imports. State-run China …

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China’s new rules for finance pull the brakes on gravy train, bringing ‘greed is good’ era to a halt

by Anas Siddiqui
China’s new rules for finance pull the brakes on gravy train, bringing ‘greed is good’ era to a halt

“Everyone, from the top brass to people like us in middle ranks, earn less than before,” said a credit manager with Bank of China, one of the country’s “big four” …

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China’s EV sector a live wire for US, with war of words over excess capacity casting shadow over Janet Yellen visit

by Anas Siddiqui
China’s EV sector a live wire for US, with war of words over excess capacity casting shadow over Janet Yellen visit

United States Treasury Secretary Janet Yellen is expected to consult American companies on China’s industrial overcapacity, particularly in solar power and electric vehicles (EVs), at a planned meeting during her …

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China seeks revision of anti-money-laundering law to address risks related to cryptocurrencies and other virtual assets

by Anas Siddiqui
China seeks revision of anti-money-laundering law to address risks related to cryptocurrencies and other virtual assets

China will soon implement revisions to its outdated Anti-Money-Laundering (AML) Law, in a move that legal experts see as a way to address the growing risks associated with virtual assets. …

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Major 7.0 earthquake hits China-Kyrgyzstan border

by Walter Watson
Major 7.0 earthquake hits China-Kyrgyzstan border

A major 7.0-magnitude earthquake struck along the China-Kyrgyzstan border on Tuesday, the United States Geological Survey said, warning of potentially widespread damage though no casualties have been reported. The earthquake …

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