CHINA TOPIX

05/19/2024 04:39:53 am

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Former IMF chief says Chinese economy slowdown may have global repercussions

Chinese Economy Slowdown may have Global Repercussions, Former IMF Chief says

International Monetary Fund former chief economist Ken Rogoffsaid said the slowdown in Chinese economy may have an impact worldwide.

China’s industrial profit grew 19.5 percent in the month of August, its highest rate in three years.

China reports highest industrial profit in three years

China’s industrial profit grew 19.5 percent in the month of August, its highest rate in three years.

China is experiencing unprecedented boom in its cruise market.

China’s cruise boom: Carnival building two Vista-class ships

China is experiencing unprecedented boom in its cruise market, and it will finally have locally-built ships as Carnival Corp. is set to build two vista-class ships.

The company CEO Pony Ma Huateng said that Tencent Foundation, the company’s charity organization, will now get double the contribution each year.

Tencent Doubles Charity Contribution, Donates 2% of Profit

Tencent has pledged to donate two percent of its annual profit to charity.

Chinese premier Li Keqiang wrapped up his successful Canada visit on Saturday.

China, Canada Signed Several Agreements During Chinese Premier Li's Visit

Chinese Premier Li Keqiang wrapped up his successful Canada visit on Saturday. During his visit, both countries explored various areas of bilateral cooperation and signed 29 accords including three law enforcement agreements.

Typhoon Megi is on its way to make a landfall in mainland China by midweek.

China Faces ‘Severe Threat’ From Typhoon Megi

Typhoon Megi is set to make landfall in mainland China by midweek. The typhoon is gaining strength and is likely to pose a serious threat to Taiwan and eastern China.

China, Economy

Fitch Reveals That China may Have a '$2 Trillion Black Hole' in its Economy

International rating agency Fitch has released a report indicating that the Chinese economy may be riddled with toxic loans worth 10 times the official estimates. The report further indicated that resolving the issue may lead to a capital shortfall worth $1.1 to $2.1 trillion, constituting 11 to 20 percent of the Chinese economy. China is currently rated as A+ by Fitch Ratings.

Zhang Dejiang is currently on a four nation tour including France and Finland.

China, Palestine Agree to Boost Bilateral Ties

Chinese and Palestinian authorities have agreed to encourage the traditional friendship between the two countries and implement relevant initiatives announced earlier this year by Chinese President Xi Jinping. This decision was taken during a meeting between Zhang Dejiang, chairman of the Standing Committee of the Chinese National People's Congress, and Palestinian Prime Minister Rami Hamdallah.

China and Canada are expected to initiate talks towards a possible free-trade agreement.

China and Canada to Start Trade Discussions, Deepen Economic Ties

China and Canada are expected to initiate talks for a possible free-trade agreement. Canadian Prime Minister Justin Trudeau made this announcement on Thursday. Chinese Premier Li Keqiang is currently on a four-day visit to Canada.

Wanda Group, Beverly Hills ballot, Hilton

Wanda Group Accused of Using Money to Influence Beverly Hills Ballot Fight Over Land

A labor union has filed a complaint, asking state and federal election officials to investigate Wanda Group's implication in a Beverly Hills ballot initiative. The plaintiff is Unite Here Local 11, the Southern California chapter of a 270,000 strong labor union. Wanda Group is one of the leading Chinese multinational conglomerates.

China, United Nations

Key Highlights of Chinese Premier Li Keqiang’s Visit to the US

Chinese Premier Li Keqiang has just concluded a visit to the United Nations headquarters in New York. During his visit, Li attended several conferences dealing with issues such as immigration, refugees, and sustainable development. He also met high-profile diplomatic, media, and business personalities.

Li will conduct meetings with his Canadian counterpart Justin Trudeau during his Canada visit.

China's Premier Li Arrives in Canada: Focus on economic Ties

Chinese Premier Li Keqiang has arrived in the capital of Canada, Ottawa, for an official visit.

Dalian Wanda Group, Sony

China’s Dalian Wanda Group to Form Major Motion Picture Alliance With Sony

Chinese conglomerate Dalian Wanda Group is close to forming an alliance with Sony. The deal will provide Wanda with minority stakes in several of Sony's films.

The Five-hundred-meter Aperture Spherical Telescope (FAST)

China to Search for Aliens With the World’s Largest Telescope

China will turn on its radio telescope, The FAST, to initiate its search for extraterrestrials. The telescope is the world's largest of its kind.

China's Premier Li Keqiang

Chinese Premier Li Keqiang Says China Economy is set to Show Robust Growth

China's Premier Li Keqiang has said that the country's economy is robust and is on an upward trajectory.

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