Chinese real estate developer Agile Group defaulted on interest payments on its U.S. dollar bonds for the first time and is expected to be unable to meet all payment obligations under its overseas debt. After this news came out, Agile's Hong Kong stock price fell all the way after the market opened. As of noon, the stock price fell nearly 13%.
China's one trillion yuan ultra-long-term special government bonds will be issued starting from this Friday (May 17, 2024), with an initial term of 30 years and interest payments on a semi-annual basis.
This week, U.S. President Joe Biden is expected to double or triple tariffs on some Chinese goods, including electric vehicles.
The year-on-year growth rates of China's total import and export value in April 2024 both turned negative to positive, exceeding market expectations. This shows that overseas demand has improved, which will boost the Chinese economy.
Due to the depreciation of the yen, Chinese tourists went to Japan in large numbers for shopping during the past Labor Day holiday, and many popular brand stores were sold out.
Real estate transactions registered in Hong Kong nearly doubled in April to the highest level in three years, months after the city's government took steps to revive the property market.
On the afternoon of March 28, 2024, the Ministry of Commerce of China held a regular press conference. Some media asked that China initiated a lawsuit at the WTO in response to US regulations that prevent electric vehicle manufacturers from purchasing battery materials from China. What is China's purpose?
On March 26, 2021, the Ministry of Commerce of China issued Announcements No. 6 and 7 of 2021, deciding to impose anti-dumping duties on imported wine originating in Australia. In order to avoid double taxation, no countervailing duties will be levied. The implementation period of anti-dumping duties will be 5 years from March 28, 2021.
The "China Online Audiovisual Development Research Report (2024)" shows that as of December 2023, the total number of short video accounts on the entire network has reached 1.55 billion, and the number of professional anchors has reached 15.08 million.
