China’s State Grid Pledges $4.5 Billion for Pumped Hydro in 2026

China’s largest grid operator has pledged to spend 31 billion yuan ($4.5 billion) on pumped hydro storage this year, in ...

China Allows State Oil Firms to Tap Their Reserves as War Drags

The Chinese government has given state refiners the green light to tap commercial reserves of oil, according to people ...

China’s state media turns to social media and AI to tell its story — and often mock the US

The messaging from China’s Communist government may once have been dogmatic and rigid — not anymore. Having largely tamed the ...
U.S. News & World Report

Exclusive-China State-Owned Banks Soak up Dollars to Slow Yuan Gains, Sources Say

Dec 4 (Reuters) - China's major state-owned banks bought dollars in the onshore spot market this week and held on to them in an unusually strong effort to rein in yuan strength, according to people ...
U.S. News & World Report

China to Inject $44 Billion Into State Banks, Boost Tech Financing

BEIJING/HONG KONG, March 5 (Reuters) - China said on Thursday it would inject 300 billion yuan ($44 ⁠billion) ⁠into state-owned banks this year to guard against ⁠systemic risks, and boost financing ...