China’s Central Bank Digital Currency (CBDC) could be the first such currency to launch internationally, bypassing the U.S. dollar. ( read original story …)
Monthly Archives For June 2020
China Coronavirus Second Wave Risk ‘Very High’ Says Beijing Official as Lockdown Reinstated After Record New Cases
“The risk of the epidemic spreading is very high, so we should take resolute and decisive measures,” Xu Hejiang, spokesperson for the Beijing city government, said at a press conference. ( read original story …)
Tokyo, Beijing Cases Climb; Some U.K. Shops Open: Virus Update
Spreading cases in Beijing raised concern of a resurgence of the pandemic in China, while a former Food and Drug Administration chief said new U.S. outbreaks are occurring and Tokyo infections jumped. ( read original…
China is now in “self-confident” mode: Former U.S. ambassador
Frank Lavin, CEO of Export Now and former U.S. Ambassador to Singapore, sees U.S.-China relations in a downward trajectory until at least the U.S. elections in November. ( read original story …)
Coronavirus resurgence forces Beijing to reinstate isolation measures
Several districts in Beijing reinstated security checkpoints, ordered residents be tested and closed schools on Monday in response to an unexpected resurgence of the coronavirus in the Chinese capital … ( read original story …)
Nokia to deliver around 10% of China Unicom’s 5G core network
Finnish telecom equipment maker Nokia said on Monday that China Unicom had selected it to supply around 10% share of its 5G core network, confirming an earlier statement to Reuters by Nokia CEO Rajeev ……
China’s economy is ‘coming back quite nicely’ despite light stimulus: DBS
The Chinese economy is coming back in a “fairly decisive manner” despite the lack of “gangbusters” fiscal and monetary stimulus, says Taimur Baig of DBS Group Research. He is “fairly optimistic” for … ( read…
FOREX-Aussie slumps, safe havens risk as Beijing finds new virus cluster
The Australian and New Zealand dollars fell against their U.S. counterpart on Monday as fears of a second wave of the coronavirus in Beijing prompted investors to sell currencies sensitive to risk. Th … (…
Beijing Outbreak Spreads; U.K. Shops Set to Open: Virus Update
An outbreak of cases in Beijing raised fears of a resurgence of the pandemic in China. Infections spread to a second fruit and vegetable market and more than 20 residential compounds across the city ……
China Speeds Up IPO Reform, Widens Daily Cap for Some Stocks
China is accelerating a much-delayed shakeup of its market for initial public offerings, which may lead to explosive demand for new stocks. ( read original story …)
Coronavirus resurgence in Beijing prompts reinstatement of tough measures
Beijing reported its second consecutive day of record new numbers of COVID-19 cases on Monday, adding urgency to efforts to rein in a sudden resurgence of the coronavirus in the Chinese capital. ( read original…
Tesla’s China Car Registrations up 150% Month on Month in May
Tesla’s China registrations, including imported cars, grew to 11,565 in May from 4,633 units in April. Data from China Passenger Car Association shows sales of Tesla’s Shanghai-made Model 3 sedan hit … ( read original…
China’s Latest Coronavirus Outbreak Underscores Continued Threat
Beijing has closed the Xinfadi market, ordered testing of all its workers and is requiring anyone who traveled there to self-isolate for two weeks … ( read original story …)
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