Luckin Coffee said on Monday China’s State Administration for Market Regulation was carrying out work to understand the coffee chain’s operating situation and added that it was actively cooperating. ( read original story …)
Monthly Archives For April 2020
China Envoy Threatens Australia Boycott Over Virus Inquest Demand
China’s ambassador in Australia has warned that demands for a probe into the spread of the coronavirus could lead to a consumer boycott of Aussie wine or trips Down Under. Australia has joined the ……
Trump’s base-focused COVID-19 pose is muddying the GOP’s economic recovery, blame-China messaging
Some people in the Trump administration are still working on ways to help the U.S. survive and recover from the COVID-19 pandemic, but “the White House plans to shift its coronavirus messaging toward … (…
Politico has to correct its article as report about Trump ‘owning millions’ to Bank of China denied by… Bank of China
Apparently in a rush to expose a sinister link between US President Donald Trump and Beijing, Politico reported that Trump has an outstanding debt to the Bank of China, only to quietly correct itself ……
China’s antitrust law doesn’t seem to apply to internet giants
The failed attempt indicates how limited China’s current antitrust law has been applied to internet firms. The lack of antitrust enforcement in the digital world has also given internet giants the … ( read original…
Asian markets gain after Japan central bank boosts aid
Asian stock markets gained Monday after Japan’s central bank promised more asset purchases to shore up financial markets as investors look to central bankers to support the struggling global economy. ( read original story …)
India should look to convert world’s ‘hatred’ for China into economic opportunity: Nitin Gadkari to Indian overseas students
Gadkari said all government departments, particularly the Finance Ministry as well as the Reserve Bank of India (RBI), are formulating policies to win the “economic war” post the COVID-19 pandemic. ( read original story …)
China sees more inclusive finance loans in Q1
RMB loans to micro, small and self-employed businesses, farmers’ production and people living in poverty, as well as venture guarantee loans and student loans, increased about 145.47 billion U.S. ( read original story …)
China’s Digital Currency Takes Shape; Will It Challenge Dollar?
For two days in a row last week, amid coronavirus-related market meltdowns, a group of stocks on China’s main exchange moved so significantly that they triggered automatic circuit-breakers designed to … ( read original story…
Asia Cement (China) Holdings (HKG:743) Could Easily Take On More Debt
The external fund manager backed by Berkshire Hathaway’s Charlie Munger, Li Lu, makes no bones about it when he … ( read original story …)
Global military spending saw largest increase in decade in 2019; China, India in top 3: Study
PTI Global military spending saw largest increase in decade in 2019; China, India in top 3: Study . Global military expenditure at 3.6 per cent saw its largest annual spike in … ( read original…
U.S. firm, FAW to build sports cars under Chairman Mao’s favoured brand Hongqi
A little-known U.S.-based engineering and design firm said it plans to invest 10 billion yuan ($1.41 billion) to make sports cars with China’s FAW Group under the brand of choice of late revolutionary … (…
Wuhan discharges all coronavirus patients as Beijing takes steps to stop second wave
No new patients in city at centre of pandemic but fears over new infections persist … ( read original story …)
