ZTE, a major supplier of telecoms networks and smartphones based in southern China, earlier said the ban threatened its existence by choking off access to U.S. suppliers of key technology and components like microchips. The…
Monthly Archives For May 2018
Beijing 2022 marches toward a ‘model’ Olympic Games
In less than four years, Beijing will stage the 2022 Winter Olympics and become the first city ever to host both the Summer and Winter Olympics. The ancient metropolis is now gearing up to deliver…
Beijing 2022 looks to learn from PyeongChang 2018
Beijing, May 9 (IANS) The organisers of the Beijing 2022 Winter Olympics recently concluded a series of talks centering on PyeongChang 2018 and what can be learned for Beijing’s showpiece event in 2022. Participants from…
Looking for Rohmer challenges China’s cinematic gay taboo
A low-budget film has made headlines in China, not for its glowing success at the box office or critical acclaim, but simply because it made it into cinemas at all. Looking for Rohmer, adapted from…
North Korea Border Town Is Now China’s Hottest Property Market
A North Korea border town has suddenly become China’s new hot property market, as Kim Jong Un’s embrace of peace sparks a buying frenzy. New home sales in Dandong, which sits across the Yalu River…
China’s ZTE says main business operations cease due to U.S. ban
but China’s second biggest telecom equipment maker is trying to have the ban modified or reversed, it said on Wednesday. ZTE was hit by a ban last month from Washington, forbidding U.S. firms from supplying…
China Merchants Bank Faces Suit Over Racial Discrimination
China Merchants Bank Co. was accused of discriminating against African-Americans in a lawsuit filed on behalf of a former executive who claims she was fired for blowing the whistle on its conduct. The Shenzhen, China-based…
China’s financial opening: Will it be different this time?
President Xi Jinping, in his speech at the 17th Boao Forum, announced plans to further open China’s economy. One of the key highlights of these new measures is the opening of the financial sector to…
China collects trove of 3 trillion financial records in bid for tighter control of country’s banks
China has amassed a dizzying collection of 3 trillion banking records in its drive to exert effective regulatory control over the nation’s financial institutions in the digital age. The big data mountain – made up…
China bitcoin miner Canaan ditches US for Hong Kong IPO
Canaan Creative, China’s second-largest bitcoin mining hardware maker, is planning to seek an initial public offering in Hong Kong instead of the US, which if successful would make it the first blockchain-related company to list…
China’s ZTE Corp says main business operations have ceased due to U.S. ban
ZTE last month was hit with a ban from Washington forbidding U.S. companies to supply it with components and technology after it was found to have violated U.S. export restrictions. “As a result of the…
InterContinental doubles down on China, targets high-end hotel brands
InterContinental Hotels Group (IHG) is doubling down on the China market and plans to acquire or develop more luxury brands to compete against other hospitality giants, according to its chief executive for the country. “Luxury…
China has quietly been preparing to ‘fill the vacuum’ created by the US leaving the Iran deal
China’s role in global diplomacy has been rising, and Trump’s decision to pull the US out of the Iran nuclear deal may have given Beijing a major boost. Alex Vatanka, a senior fellow at the…