China has launched a year-long plan to offer interest subsidies for personal consumer loans as part of Beijing’s broader efforts to unlock household spending power and shore up domestic demand. Individuals who take out consumer loans for purchases – including single transactions below 50,000 yuan (US$6,958) and higher amounts for purchases in key sectors such
3-minute read Filing for New Jersey unemployment guide Step-by-step guide to navigating New Jersey’s unemployment filing process online. Megan Fernandes and Katie Sobko, NorthJersey.com A local North Jersey manufacturer and a banking giant are laying off nearly 200 people combined in the coming weeks, according to public notices filed with the New Jersey Department of
Hong Kong’s stablecoins ordinance, which took effect on Friday, puts cryptocurrency’s most-traded cash substitute under the same regulatory framework as banks, triggering a rush for a limited number of licences from the Hong Kong Monetary Authority (HKMA). Some market observers were caught by surprise after learning that the first batch of stablecoin licences was only
This article was originally published by Radio Free Asia and is reprinted with permission. To skeptics, a meme coin is a fast way to make a cheap buck. For exiled activist Li Ying, it’s been a way to bankroll a pro-democracy community that’s challenging Chinese censorship and authoritarian rule. Li, 32, is better known by his handle
MANILA, Philippines — The SY family-led China Banking Corp. (Chinabank) posted a record net income of P13 billion in the first half of 2025, marking a 14 percent increase from P11.4 billion in the same period last year, driven by strong core business expansion. The bank attributed the earnings surge to higher revenues, particularly in
China’s finance minister has pledged to step up the use of fiscal tools to spur domestic demand and tackle local government debt, following stable growth and improved economic momentum in the first half of the year. Finance Minister Lan Foan said the central government would accelerate fiscal spending, including the issuance and use of ultra-long-term
Alibaba Group Holding’s chief financial officer Toby Xu Hong reiterated the company’s confidence in China’s growing artificial intelligence sector and the consumer market’s resilience in an interview with state news agency Xinhua, as he highlighted the tech giant’s significant investments in AI research, infrastructure, and on-demand delivery. Xu said Alibaba had earmarked 380 billion yuan
BEIJING (AP) — China’s famous Shaolin Temple announced on Sunday that its abbot is under investigation on suspicion of misappropriation and embezzlement of project funds and temple assets. Shi Yongxin is alleged to have committed criminal offenses and violated Buddhist precepts by maintaining relationships with multiple women over a long period and fathering at least
Beijing has called on the European Union to “immediately cease its wrong practice” of sanctioning two Chinese banks, vowing to take action to defend the interests of Chinese companies just days ahead of a key leaders’ summit between the two sides. “China expresses strong dissatisfaction and resolute opposition to this move,” China’s Ministry of Commerce
President Donald Trump’s “Crypto Week” hit a major snag on July 15, 2025, as the House rejected a key procedural vote for the GENIUS Act, 196-223, with 13 Republicans joining Democrats. Photo : AP President Donald Trump’s ambitious “Crypto Week” suffered a stunning blow on Tuesday, July 15, 2025, as the House of Representatives rejected