FILE PHOTO: Chinese Vice Commerce Minister and Deputy China International Trade Representative Wang Shouwen attends a news conference during the ongoing session of the National People’s Congress (NPC) … ( read original story …)
Monthly Archives For June 2019
China reasserts its interests in North Korea
At one point, relations became so strained that Kim’s regime took the unprecedented step of publicly criticizing China’s state-run news media — a move tantamount to criticizing Xi himself. Kim’s … ( read original story…
Chinese bank involved in probe on North Korean sanctions and money laundering faces financial ‘death penalty’
The order triggers for the first time a provision that could cut off one of China’s largest banks from the U.S. financial system at the demand of the U.S. attorney general or treasury secretary. The…
Beijing says it won’t allow Hong Kong to be brought up at G20
Protesters gather outside the Legislative Council building to listen to speeches about police brutality in Hong Kong on June 23, 2019. Protesters gather outside the Legislative Council building to … ( read original story …)
China’s ride-hailing giant wants to dominate electric-vehicle charging—so does one of its top backers
… t have enough charging stations—and China’s biggest ride-hailing giant Didi Chuxing could end up competing with its backer, Ant Financial, to get users to them. Last week, Alipay, the all … ( read original…
Business adds new clout to latest round of Hong Kong protests: Don Pittis
A law that would force Hong Kong courts to send people charged with crimes under Chinese law to mainland China to face penalties has the two groups worried for different reasons, and this time ……
China says U.S.-China trade teams in contact ahead of G-20
Trump has already imposed 25% tariffs on $250 billion in Chinese imports and China has retaliated with tariffs on U.S. goods. The sides are now in a stalemate after 11 rounds of talks that have…
Carrefour Sells Control of China Business at a Discount
(Bloomberg) — Carrefour SA has agreed to sell an 80% stake in its China unit for 4.8 billion yuan ($698 million) in cash to local retailer Suning.com Co. as it rethinks its exposure in the…
China says FedEx should offer a proper explanation on Huawei
BEIJING — China’s foreign ministry said on Monday that FedEx Corp should offer a proper explanation, after the firm apologized for refusing to ship a Huawei Technologies phone sent from … ( read original story…
Cartier, Bulgari and other luxury brands are flocking to WeChat
Not long ago, people in China would need to visit a posh, stylish mall for luxury shopping. That’s rapidly changing as high-end brands race to embrace digital channels, which aren’t just the … ( read…
Beijing eases short-term liquidity for smaller financial firms, orders fifth brokerage in a week to lift fundraising quota
Shenzhen-based brokerage GF Securities said on Monday it had been asked to lift the quota on short-term fundraising by Beijing, a move that may boost lending to smaller financial firms. “The company … ( read…
China, HK stocks subdued as investors brace for trade talks
SHANGHAI — China and Hong Kong stocks held steady on Monday, as investors pinned their hopes for any signs of thaw in the Sino-U.S. trade negotiations at the G20 summit later this week. … (…
Beijing wants the US to stop ‘inappropriate’ actions against Chinese firms
The Chinese government would like the U.S. to cancel “inappropriate” actions against Chinese companies, Wang Shouwen, vice minister of commerce, said Monday. The U.S. Commerce Department on Friday New … ( read original story …)
ADVERTISEMENT
