Walmart appoints Zhu Xiaojing as China head
Shenzhen – Walmart China has named Zhu Xiaojing Christina as president and CEO, effective May 8, its first female head in China. Current CEO Wern-Yuen Tan will leave the company after three years to return home to his family in … Continue reading Walmart appoints Zhu Xiaojing as China head
China: March loans surge to 2.85 trillion Yuan
BEIJING – New bank lending in China rose sharply to 2.85 trillion yuan ($405 billion) in March, with total social financing hitting a record, as the central bank pumped in more liquidity and cut funding costs to support the coronavirus-ravaged … Continue reading China: March loans surge to 2.85 trillion Yuan
China will not restrict export of medical supplies
Hong Kong – China has insisted it will not restrict exports of medical supplies amid growing demand for equipment such as masks and gowns around the world. “We will not forget that at the beginning of the fight against the … Continue reading China will not restrict export of medical supplies
Chinese students from overseas returning home
Beijing – Studying abroad is very common for Chinese students. In 2018, the total number of Chinese students who pursued overseas education reached 662,100, a peak in history, and notably, 90% of them were self-financed; this figure increased by 53,700 … Continue reading Chinese students from overseas returning home
China frees up $56 billion for virus-hit economy
BEIJING – China’s central bank said on Friday it was cutting the amount of cash that small banks must hold as reserves, releasing around 400 billion yuan ($56.38 billion) in liquidity to shore up the economy, which has been badly … Continue reading China frees up $56 billion for virus-hit economy