China’s National Development and Reform Commission (NDRC) published a new paper that includes a proposal to ban the mining of cryptocurrencies like Bitcoin over concerns that crypto mining is a waste … ( read original…
Monthly Archives For April 2019
Exclusive: Toyota sells electric vehicle technology to Chinese startup Singulato
According to the two Toyota sources, the deal is part of efforts to share more technology with China as the Japanese automaker seeks more growth in the world’s largest auto market by beefing up ……
Cutthroat competition in China’s co-working office sector will see a survival of the largest
One of the main drivers of demand for communal workspace arrangements is the very high occupancy costs for prime office space in China. According to the latest Premium Office Rent Tracker, published … ( read…
ASML says it suffered intellectual property theft, rejects ‘Chinese’ label
saying that China is targeting tech companies in the Netherlands, as it does in other countries, for intellectual property theft. In a reaction, the intelligence agency AIVD said it could not … ( read original…
U.S.-China Trade Resolution Expected Soon, GE’s Culp Says
“Substantively, our sense is that both governments should like to advance the conversation, maybe not once and for all, but in a meaningful way with respect to access and intellectual property.” He’s … ( read…
China Unicom (Hong Kong) Limited (CHU) Receives $12.00 Average Price Target from Analysts
China Unicom (Hong Kong) Limited (NYSE:CHU) has been given a consensus recommendation of “Hold” by the eight research firms that are currently covering the stock, MarketBeat reports. Four investment … ( read original story …)
Asian shares advance on US-China trade hopes
SINGAPORE — Asian markets were mostly higher Monday on signs that the U.S. and China were closing in on a trade deal after months of negotiations. The Shanghai Composite index rose 0.6% to 3,207.87, ……
Asia’s tech champions zero in on main street banking
Asian consumers are far more willing to bank with tech firms than elsewhere in the world. More than 90 percent of consumers under 35 in China and India would bank with a technology firm ……
Banking: Rise of challenger banks in Asia
But it does have particular significance, given the city’s status as an international finance centre, the availability of capital and potential access to the Greater China market.” He describes a … ( read original story…
China Isn’t Ready for Iron Ore Deficit, Industry Veteran Warns
(Bloomberg) — China’s steel industry, the world’s largest, isn’t prepared for a looming shortage of iron ore in the second half that’s set to drive prices higher, according to a prominent industry … ( read…
Exclusive: U.S. waters down demand China ax subsidies in push for trade deal – sources
WASHINGTON/BEIJING (Reuters) – U.S. negotiators have tempered demands that China curb industrial subsidies as a condition for a trade deal after strong resistance from Beijing, according to two … ( read original story …)
China will maintain prudent monetary policy: PBOC official
China will continue to “improve the exchange rate mechanism and keep the RMB exchange rate in line with fundamentals at an adaptive equilibrium level”, Mr Chen said. The potential for foreign … ( read original…
China’s Secret Weapon in the Electric Car Race
Their foreign rivals should beware. As manufacturers rush to meet the requirements of China’s policy to promote electric cars (known in the country as “new-energy vehicles”), locally-owned automakers … ( read original story …)
