Finance

To enhance the global utilization of China’s currency, the yuan, it is imperative to broaden its applications beyond traditional trade and currency reserve purposes. Bonnie Chan, CEO of Hong Kong Exchanges and Clearing Limited, highlighted the significance of introducing more “applications” for the yuan, such as in the realm of stocks and bonds. The aim
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Cisco’s Greater China head expressed “very optimistic” views on the growing business with Chinese electric car companies as they make their way into the global market. The electric vehicle (EV) segment has become Cisco’s second-largest sector in the region, with most revenue coming from manufacturing companies. Within this category, electric cars take the lead, indicating
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China invested a significant amount, totaling $230.8 billion, over a span of more than a decade to develop its electric car industry. This information was revealed in research conducted by the U.S.-based Center for Strategic and International Studies. Scott Kennedy, the trustee chair in Chinese Business and Economics at CSIS, highlighted that this scale of
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The recent introduction of a program in New York offering homeowners up to $14,000 in rebates for energy-efficiency upgrades signals a positive step towards promoting greener living. This initiative, under the federal Inflation Reduction Act, is a major push towards achieving climate goals and reducing carbon emissions. By encouraging consumers to make their homes more
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For the past year, American workers have experienced a boost in their purchasing power, thanks to a combination of falling inflation and a strong job market. This positive trend in real hourly earnings has provided a welcome relief for households facing challenges in affording everyday expenses. According to the U.S. Bureau of Labor Statistics, the
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