China’s GDP grew 6.3 percent, economy stable
Shanghai – Chinese Premier Li Keqiang said it is “very difficult” for China’s economy to grow at a rate of 6% or more because of the high base from which it was starting and the complicated international backdrop. The world’s … Continue reading China’s GDP grew 6.3 percent, economy stable
China cuts banks’ reserve ratios as economy slows
Beijing – China’s central bank said on Friday it was cutting the amount of cash that banks must hold as reserves for the third time this year, releasing 900 billion yuan ($126.35 billion) in liquidity to shore up the flagging … Continue reading China cuts banks’ reserve ratios as economy slows
Hong Kong facing worst crisis since 1997 handover
Shanghai – Senior Chinese diplomat Wang Yi told a Hong Kong business delegation that more support should be given to the city’s government to end violence that has evolved into the biggest crisis it has faced since the return to … Continue reading Hong Kong facing worst crisis since 1997 handover
IAA 2019: First presentation of BYTON M-Byte
Munich – BYTON, the premium brand for smart electric vehicles, will continue its tradition of major announcements at the IAA Frankfurt with the first look at its M-Byte SUV. Two years ago, the BYTON founding team announced the brand’s foundation during … Continue reading IAA 2019: First presentation of BYTON M-Byte
E-Commerce: Chinese to spend a record US$1 trillion
Beijing – The Chinese tech titan’s shoppers are on course to spend a record US$1 trillion this year, according to a new study from Emarketer, and they’re expected to spend even more in the next couple of years. But as … Continue reading E-Commerce: Chinese to spend a record US$1 trillion