The kingdom hosted a lavish Arab-China business conference days after a visit from the American secretary of state, inviting companies blacklisted by the United States.
Category: China
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China’s Biggest Banks Cut Deposit Rates to Spur Consumer Spending
China’s largest state-run banks lowered interest rates on deposits, reflecting a growing concern that the economy has not rebounded as strongly as expected.
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World Bank Projects Weak Global Growth Amid Rising Interest Rates
A new report projects that economic growth will slow this year and remain weak in 2024.
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Investors Sour on China’s Stocks, Renewing Fears About Economy
They initially reacted enthusiastically to China’s reversal of pandemic restrictions but have since taken a dimmer view of the country’s recovery.
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China Crosses Milestone With C919 Flight but Has Long Way to Go
The C919 jet, made by a state-owned manufacturer, completed its first commercial flight. But Western rivals still supply most of China’s planes.
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China’s Young People Can’t Find Jobs. Xi Jinping Says to ‘Eat Bitterness.’
With youth unemployment at a record, the Communist Party is trying to reset expectations about social mobility by talking up the virtue of hardship.
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The Mystery of the Disappearing van Gogh
After a painting by the Dutch artist sold at auction, a movie producer claimed to be the owner. It later vanished from sight, with a trail leading to Caribbean tax havens and a jailed Chinese billionaire.
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Cathay Pacific Struggles With Aftermath of Covid, and China Crackdown
Pandemic lockdowns, on the heels of the turmoil of pro-democracy protests, hurt an airline that relied on Hong Kong as a vibrant gateway to Asia.
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Nanchang, Once a Symbol of China’s Growth, Signals a Housing Crisis
Nanchang’s skyscrapers represented urban transformation, but the city added apartments faster than its population grew. The result: vacant homes and offices.