Apple permitted occasional discounts to their iPhone 15 models in China to stimulate demand as competition with other brands intensified.
China
China Raises Spending Limit for Foreigners Using Alipay Without ID Registration
The People's Bank of China will allow foreigners to spend up to $2,000 annually on Alipay without ID registration, while Ant Group raises single transaction limits to $5,000 from $1,000.
Hong Kong to Host CoinDesk Consensus as It Bids to Become a Crypto Hub
CoinDesk will hold a consensus in Hong Kong, showcasing the region's progress as a digital asset hub despite regulatory lag in certain areas.
China's Exports and Imports for First 2 Months Beat Expectations
China's import and export growth in January and February exceeded expectations. China's import and export growth in January and February exceeded expectations, giving officials hope that global trade is improving amid sluggish economic recovery.
Apple’s iPhone Sees 24% Drop in China Sales as Huawei’s Popularity Soars
Counterpoint Research data shows that iPhone sales in China fell sharply during the first half of 2024.
Latest News
Singapore plans to acquire eight Lockheed Martin Corp. F-35A fighter planes for its defense, accelerating the country's procurement of advanced military aircraft amid tensions in the region.
China also accused U.S. companies operating in the country of espionage, raising mistrust amid economic challenges and export growth.
Tesla is set to issue a software update to address rear camera issues affecting 8,700 vehicles in China amid ongoing regulatory scrutiny.
The economy is China's utmost priority as they draft a law to protect private firms and promote nation confidence and innovation.
This week has been so brutal for China's stock market. This week has been so brutal for China's stock market. The stocks plummeted in the last hours of trading on Friday, sending investors into a state of fear as the Chinese stocks closed at a level not seen in years.
Hong Kong court ordered real estate giant China Evergrande Group to liquidate, a sign that might shake China's financial markets.
China will reduce its banks' liquidity reserves at the start of next month to boost its struggling economy.
China experienced a significant drop in its export sector last year, the first annual decline since 2016.
China has unveiled its plan to boost tourism by relaxing visa requirements. China has unveiled its plan to boost tourism by relaxing visa requirements to make it easier for foreigners to travel to the country for business, education, and tours.
