Day: December 30, 2023

Earlier this year, PMI readings fell for five months in a row starting in April. After a brief expansion in September, they started falling again in October A reading above 50 typically indicates expansion of activity, while a reading below that suggests a contraction. The statistics bureau pointed to an “increasingly complicated, tough and uncertain” external environment as a key reason for the continued fall. China may be going through an ‘unusual’ time but 5-year plan remains on track “A reduction in overseas orders as well as insufficient demand from…

The missile “can be easily detected, tracked, monitored by modern, sensitive and precise anti-air radar systems”, the article said. It also claimed the Taiwanese military had limited capabilities in reconnaissance and midcourse missile guidance, which would make the Hsiung Sheng less precise and more prone to interference. Beijing, which considers Taiwan a province that must be reunited with mainland China, has never renounced the use of force to take the self-ruled island. Most countries do not see Taiwan as an independent state, but many, including the United States, oppose any…

Huang is one of a growing number of ordinary homebuyers – individuals or families looking to occupy their house rather than own it as an investor – in mainland China taking an interest in properties that have been repossessed by banks. Regular Chinese home seekers, attracted by some of the bargains stemming from oversupply and the country’s sluggish economy, are gradually taking over from investors to become the leading buyers in the foreclosed home market, observers say. 04:49 Anger mounts as China’s property debt crisis leaves flats unfinished Anger mounts…

India’s imports of Chinese laser machinery totalled US$174.57 million in 2022, according to the Post’s calculations using data from India’s Ministry of Commerce and Industry. 4 things to ponder as India overtakes China as most populous nation And India had imported US$167.93 million worth of Chinese laser machinery in the first 10 months of 2023, up from US$147 million a year earlier, the data showed. Since September, India has launched a spate of anti-dumping investigations into made-in-China products, including vacuum-insulated flasks, tempered glass, unframed glass mirrors and retractable drawer sliders.…

The debate generated so much heat that Xu’s sentence was reduced to seven years with a fine of 300,000 yuan on appeal, and authorities eventually punished officials who were previously untouched in the scandal. The case was one of several in the past decade in which Chinese members of the public used the transparency in the country’s judicial system to openly debate matters in public life that could appear unflattering to Beijing. China to cut back access to court rulings, sparking transparency concerns But starting next year, things are likely…