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House prices up by 4.2% in the euro area

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House prices and rents went up in Q4 2024

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ByteDance, US discuss TikTok’s future in the country

The logo of TikTok is seen on the screen of a smartphone in Arlington, Virginia, the United States, March 13, 2024. [Photo/Xinhua] Chinese tech heavyweight ByteDance, the parent company of short-video app TikTok, said on Saturday that it is still in discussion with the US government regarding plans to keep the app operational in the…

Moody’s economist: US to feel greater impact from retaliatory tariffs

A US cargo ship docks at the Qingdao Port, Shandong province. [Photo by Yu Shaoyue/For China Daily] The United States will likely experience more pain from retaliatory tariffs than China, said Steve Cochrane, chief Asia-Pacific economist at Moody’s Analytics during an interview with CCTV News on Monday. He explained that while the US is China’s…

Chinese companies prepare to respond to new US tariff push

China-made new energy vehicles await shipment to Europe in Xiamen, Fujian province. JIANG KEHONG/XINHUA The United States’ new tariff push has limited impact on Chinese companies in several sectors, such as steel, information and communication, automobile, power equipment, pesticides and fertilizers, home appliances, as well as the food and beverage industries, Chinese financial news outlet…

Chinese state-owned capital operation firm increases holdings of ETFs, SOE stocks

BEIJING — China Chengtong Holdings Group Ltd, a capital operation company under the country’s state-assets regulator, said that it has increased its holdings of exchange-traded funds (ETFs) and centrally administered State-owned enterprise stocks, in an effort to safeguard the stable operations of the capital market. In a Monday statement, the company said that it remains…

China’s version of ‘stock market stabilization fund’ launched

A pedestrian passes the Shanghai Stock Exchange in Pudong New Area. WANG GANG/FOR CHINA DAILY China has launched its own version of a “stock market stabilization fund” as the country’s central bank vowed to provide funding support for the Central Huijin Investment Ltd to increase holdings in the A-share market, analysts said. On Tuesday, the…

Tesla plant makes first Megapack exports

Lin-gang Special Area, launched in 2019 as part of the China (Shanghai) Pilot Free Trade Zone to better connect domestic and overseas markets, has deepened its two-way opening-up in a bid to address companies’ development needs and facilitate the area’s high-quality economic growth. One major step can be seen with Tesla’s energy storage facility in…

China Merchants Group’s 7 listed firms pledge to accelerate share buybacks

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