More Chinese Banks Cut Rates as Demand Deposit Interest Near Zero Following the lead of six major state-owned banks and institutions like China Merchants Bank and China Everbright Bank on May 20, an additional seven banks—including Ping An Bank, China...
China and U.S. Agree on Trade Consultation Mechanism and Tariff Rollbacks to Ease Tensions China and the United States have taken a significant step toward de-escalating trade tensions with the announcement of a new “trade consultation mechanism” and a...
China’s Strong Q1 Growth Boosts Confidence in Achieving 2025 Target Despite Trade Headwinds China’s economy demonstrated unexpected resilience in the first quarter of 2025, registering a robust 5.4% year-on-year GDP expansion. This...
Chinese Government Launches Crackdown on Grueling ‘996’ Work Culture The Chinese central government has signaled a robust commitment to curbing the unsustainable work culture that has long burdened its labor market. In a recently unveiled action plan by...
PBOC Eyes Structural Policy Tools to Boost Growth Amid Global Uncertainty China’s central bank announced on March 13 that it is exploring new structural tools to support innovation, domestic consumption, and exporters as it works to steer the economy...
China Unveils 2025 Economic Blueprint: Growth, Fiscal Expansion, and Innovation at the Forefront The third session of the 14th National Committee of the Chinese People’s Political Consultative Conference opened at 3:00 PM on March 4, 2025, at the Great...
