Beijing has unexpectedly replaced the head of its powerful securities regulator. The personnel decision is the strongest response so far to the ongoing crisis in the Chinese stock market. According to the state news agency Xinhua, Wu Qing, the former vice mayor of Shanghai, has taken over as the head of the China Securities Regulatory […]
The new growth targets of the Chinese provinces do not indicate that Beijing will support the economy with a substantial economic stimulus package. As the business magazine Caixin reports, more than half of the provinces have set a lower growth target than 2023.As is customary, the target for the entire country will not be announced […]
Shortly before the Spring Festival, the largest population migration of the year is in full swing in China. Last Friday saw the official start of the Chunyun travel wave, which, according to Chinese state media, is set to break all records this year.The Chinese Ministry of Transport estimates that a total of around nine billion […]
Eight years after its introduction, China’s Fuxing express train will soon receive a significant update: According to Chinese state media, the first trains of the new Fuxing CR450 series will make their debut next year and will be significantly faster with a maximum speed of 450 kilometres per hour.After the first Fuxing trains went into […]
Light at the end of the tunnel – yet still significant challenges. This summarizes the current mood among members of the German Chamber of Commerce in China, as revealed by the annual chamber survey on business sentiment presented on Wednesday.The most crucial insight: Companies are cautiously optimistic, but they do not believe that China’s economic […]
China has a cancer problem. According to a new study by the state-run Chinese Center for Disease Control and Prevention (CDC), the number of cancer deaths in China has increased by 21.6 percent to almost 2.4 million each year between 2005 and 2020. Cancer has been the most common cause of death in the People’s […]
China’s statistical authority has released concerning figures on population development alongside questionable economic data. According to the statistics bureau, the declining birth rate in China has further accelerated since last year. According to the statistics bureau, approximately 1.409 billion people lived in the People’s Republic at the end of December, 2.08 million fewer than a […]
Beijing has performed a remarkable U-turn, providing a glimmer of hope for China’s ailing internet industry. This week, apparently in response to massive criticism of significantly stricter regulations for online games, a top supervisor had to resign. As reported by Reuters and the South China Morning Post, citing sources familiar with the matter, Feng Shixin […]
With a new specialized ship, China seeks to penetrate the Earth’s crust and reach into the mantle. The vessel, christened “Mengxiang” (Dream), China’s first self-developed drilling ship, embarked on its maiden test voyage last Monday, as reported by the state news agency Xinhua.The colossal ship, nearly 180 meters long and 33 meters wide, is designed […]
A severe earthquake in northwest China on Tuesday night claimed the lives of at least 126 people. A heavy earthquake with a magnitude of 6.2 struck Jishishan County in Gansu Province, but also affected the neighboring province of Qinghai. More than 500 people were injured.The remote area is considered one of the poorest in China. […]