Business Beijing could have a say in TikTok sale. Posted . China’s new rules around tech exports mean ByteDance’s sale of TikTok’s U.S. operations could need Beijing’s approval, a … ( read original story …)
Monthly Archives For August 2020
Beijing loved Thomas Piketty’s critique of capitalism—until he turned to China
Censors didn’t appreciate the French economist’s latest book, “Capital and Ideology,” which called out China’s vast economic inequality. ( read original story …)
China’s mega banks lost billions of dollars in profit as bad loans rise during coronavirus pandemic
The five largest Chinese banks posted at least 10% year-on-year fall in profits in the first half of 2020 as they set aside more funds for potential loan losses in the coming months. ( read…
In China’s Xinjiang, Forced Medication Accompanies Coronavirus Lockdown
In what experts call a breach of medical ethics, some residents are being coerced into swallowing traditional Chinese medicine … ( read original story …)
Facial recognition and bathtime bookings: How China’s universities are reopening
As COVID-19 cases in China sink to new lows, the world’s largest population of university students is heading back to campus in a migration defined by lockdowns, patriotic education and cutting-edge … ( read original…
Survey: China manufacturing logs feeble growth in August
A survey shows China’s manufacturing activity held steady in August while domestic demand helped to offset weaker sales in exports markets that are struggling with the coronavirus pandemic … ( read original story …)
India accuses China of ‘provocative military movements’ near border
Defence ministry claims it countered Chinese moves that ‘violated the consensus’ on the standoff in the Ladakh region … ( read original story …)
Impairments hit China Construction Bank profit
China Construction Bank Corp.’s first-half net profit fell 11% compared with the same period a year earlier as impairment losses surged amid the … ( read original story …)
China-Backed AIIB Approves 70 Million Euro Loan to Turkey to Fight COVID-19
The loan is part of AIIB’s $13 billion funding facility to help public and private sectors fight the pandemic. The bank has previously approved loans totalling $500 million to two development banks in … (…
In China’s Xinjiang, Forced Medication Accompanies Lockdown
The government in China’s Xinjiang region is imposing draconian measures to combat the coronavirus, including physically locking people in homes and arresting those who do not comply with long … ( read original story …)
Jack Ma’s Ant fuels tech IPO frenzy not seen since dot-com bubble
Jack Ma’s Chinese financial titan aims to raise at least $30 billion in Hong Kong and Shanghai in October, which could push global first-time share sales by tech firms well past $57 billion, according ……
TikTok US sale faces fresh hurdle after China tightens tech export rules
Beijing says some exports will now need government approval in move believed to be linked to Trump sale order … ( read original story …)
China warns Czech senate speaker will pay ‘heavy price’ for Taiwan visit
Milos Vystrcil arrived in Taipei on Sunday on a visit to promote business links with Taiwan, saying the Czech Republic would not bow to Beijing’s objections. ( read original story …)
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