The Chinese authorities have promised to take measures to strengthen fiscal policy next year to maintain the economic system of this country, the situation within which tends to become synonymous with weakness, but has not yet reached a catastrophic level and there are chances to remedy the situation.
The Chinese economy has a long way to go, during which it is necessary to overcome steep hill.
China’s exports, according to the results of November, showed growth for the first time since April this year.
Moody’s Investors Service has changed the forecast for Chinese sovereign bonds, lowering the corresponding indicator to negative.
Media reports that in China, millions of local consumers are faced with the problem of blocking access to mobile payment apps.
Experts from the international consulting company McKinsey said that in the foreseeable future, Chinese consumers do not intend to spend large amounts of money on buying goods, which is why local companies should focus more on strategic planning within their business concepts to master the market, which remains huge, despite various problems.
The Chinese company Shanghai Biren Intelligent Technology Co., which specializes in manufacturing activities for making chips for use in artificial intelligence systems, received financial funds for 2 billion yuan ($280 million) as collateral from investors.
In November, China recorded a decrease in the level of activity in the manufacturing sector and sphere of services.
Pan Gongsheng, governor of the People’s Bank of China, said that at present, high-quality and sustainable growth is the most important for this country in terms of priorities related to the economic system.
The largest Chinese asset management company Zhongzhi Enterprise Group (ZEG) has informed investors that it is no longer able to pay its bills.
In China, local tax authorities fined a subsidiary of Foxconn Technology Group.
Chinese technology giant Baidu on Tuesday, November 21, announced the financial results of its activities for the third quarter of 2023.
Mastercard joint entity in China received formal approval from the People’s Bank of China and the National Administration of Financial Regulation to start processing domestic payments in the country.
Xiaomi Corp. reported revenue growth for the first time in almost two years.
China has begun deploying what it described as the world’s most advanced Internet network.
Chinese e-commerce giant Alibaba has lost $20 billion in market capitalization after it became known that this company will no longer spin-off and list its cloud computing business as a separate functional unit.
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