China's Archives - Rush Hour Daily

China’s high-tech manufacturing loans raise fears of wave of cheap exports

China’s leaders are directing funds towards high-tech manufacturing sectors, such as semiconductors and electric vehicles (EVs), in an effort to upgrade the country’s manufacturing capabilities. However, there are concerns that…

By News Team November 12, 2023

China’s biggest lender ICBC hit by ransomware attack

The U.S. arm of the Industrial and Commercial Bank of China (ICBC) experienced a ransomware attack on Thursday, causing disruptions in the U.S. Treasury. This attack is part of a…

By News Team November 9, 2023

china’s-biggest-lender-icbc-hit-by-ransomware-attack

China’s consumer prices back in decline as recovery wobbles

China’s consumer prices in October showed a decline, indicating a weakening of domestic demand and deepening factory-gate deflation. This raises concerns about the possibility of a broad-based economic recovery. According…

By News Team November 9, 2023

china’s-consumer-prices-back-in-decline-as-recovery-wobbles

China’s consumer prices dip back into decline amid limp demand

China’s consumer prices fell and factory-gate deflation continued in October, indicating challenges for the country’s economic recovery. The consumer price index (CPI) dropped 0.2% in October, driven by a decline…

By News Team November 8, 2023

china’s-consumer-prices-dip-back-into-decline-amid-limp-demand

China’s imports unexpectedly grow

China’s imports unexpectedly grew in October, while exports contracted at a quicker pace. This mixed set of indicators highlights the persistent risks faced by the world’s second-largest economy, despite a…

By News Team November 7, 2023