As dividends are slashed around the world, the $42 billion in promised payouts by China’s biggest banks have a powerful defender — the Communist Party.Industrial & Commercial Bank of China Ltd. and i … (…
Monthly Archives For April 2020
Starbucks Expects China Recovery by September as Coronavirus Seen Easing
Starbucks Corp said on Tuesday it sees sales in China, the company’s biggest growth market, recovering by the end of September, following a massive drop in same-store sales in the current quarter on … (…
China is making the most of the coronavirus to dislodge the US as the world’s main superpower
Bonnie Glaser, director of the China Power Project, a Washington think tank, told Vox: “When it sees opportunities, China moves to exploit them.” … ( read original story …)
China Unveils New Date for Legislative Meeting Delayed by Coronavirus
China announced a new date for its annual legislative conclave, now set for late May after a 2½-month delay, signaling confidence that the country’s coronavirus contagion has been sufficiently … ( read original story …)
City of Beijing may ease quarantine rules as early as Thursday: sources
The city of Beijing plans to ease quarantine rules for some domestic travellers from low-risk areas in China as soon as Thursday, according to two sources familiar with the situation, as the Chinese … ( read…
China appears to be upping surveillance in the country amid the coronavirus — even putting cameras into people’s homes
“It made me feel like I truly was a prisoner in my own home,” one resident told CNN, after a camera was installed pointing directly at her front door. ( read original story …)
Australia defends plan to investigate China over Covid-19 outbreak as row deepens
Prime minister Scott Morrison says impacts of virus are ‘extraordinary’ as Chinese media warns relationship could be damaged ‘beyond repair’ … ( read original story …)
Inceptio Technology Completes Capital Raising of US$100 Million And China’s First A-Sample Validation for Autonomous Truck Production
Inceptio Technology, an autonomous trucking start-up, announced its completion of US$100 million in capital raising. ( read original story …)
VMware-based cloud technology now available on Alibaba Cloud
Alibaba and VMware have announced the availability of its Alibaba Cloud VMware Solution in mainland China and Hong Kong. The companies said the new service would allow customers to use VMware Cloud … ( read…
China Bets $600 Billion on Infrastructure to Revive Growth
China is trying to build its way out of the coronavirus slump.Economists expect local governments across the country to issue as much as 4 trillion yuan ($565 billion) in so-called special bonds this … (…
Bank of China to expand its fintech innovation regulatory pilot project to six more cities
Bank of China will be expanding its fintech innovation regulatory pilot project to six more cities and districts. In 2019, the bank had launched the project in Beijing. According to the bank, … ( read…
China parliament to start key annual session on May 22
China’s parliament will start its key annual session on May 22, more than two months later than originally planned due to the fallout from the coronavirus outbreak, the latest sign that the country is ……
China to convene Congress, showing confidence in virus fight
China has decided to hold the annual meeting of its ceremonial parliament late next month after postponing it for weeks because of the coronavirus outbreak. The … ( read original story …)
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