China faces a tall order in its efforts to catch up to Elon Musk’s SpaceX satellite service. SpaceX’s Starlink already has nearly 7,000 operational satellites in orbit and serves around 5 million customers in more than 100 countries, according to SpaceX. The service is meant to offer high-speed internet to customers in remote and underserved…
A man on a mobile phone walks past a Bank of China Ltd. branch in Guangzhou, Guangdong Province, China, on Thursday, March 27, 2014. Brent Lewin | Bloomberg | Getty Images China’s largest state-owned banks are likely to see their record low profit margins decline even further as Beijing’s broader stimulus package comes into play,…
BEIJING, – China’s manufacturing activity swung back to growth in October as an expansion in new orders led to a pick-up in production growth, signalling an improvement in the sector at the start of the final quarter, a private-sector survey showed on Friday. China’s Oct factory activity returns to expansion, Caixin PMI shows The Caixin/S&P…
Oct 29 – China is considering approving next week the issuance of over 10 trillion yuan in extra debt in the next few years to revive its fragile economy, two sources with knowledge of the matter said. The fiscal package is expected to be further bolstered if Donald Trump wins the Nov. 5 presidential election,…
China is grappling with a significant demographic challenge, characterised by an surplus of nearly 35 million so-called “leftover men”. This issue has gained attention following a controversial suggestion from a associate professor at Xiamen University, who proposed promoting international marriages as a potential solution. His comments have sparked widespread debate and outrage online, as reported…
