China rhetoric these days, the tone from both sides was refreshingly polite and civilised,” a market analyst at OANDA said. ( read original story …)
Monthly Archives For August 2020
China welcomes Putin’s proposed summit on Iran
China welcomed on Monday to Russian President Vladimir Putin’s proposed summit of world leaders to avoid “confrontation” over a U.S. threat to trigger a return of all U.N. sanctions on Iran. ( read original story…
China blasts US ‘digital gunboat diplomacy’ over TikTok
China on Monday slammed Washington for using “digital gunboat diplomacy” after US President Donald Trump ordered TikTok’s Chinese owner ByteDance to sell its interest in the Musical.ly app it bought … ( read original story…
A restaurant chain in China weighed diners to determine how much food they should eat
A restaurant chain in southern China has issued a public apology for weighing diners before they entered the premises as part of a national campaign to reduce food waste. ( read original story …)
Robotruck firm Tusimple seeks IPO valuation of up to $7 billion
If Tusimple does successfully go public in the US, it would be the first self-driving company in the world to do so on a major financial market. ( read original story …)
Restaurant chain in China apologizes for weighing diners to determine how much food they should eat
A restaurant chain in southern China has issued a public apology for weighing diners before they entered the premises as part of a national campaign to reduce food waste. ( read original story …)
China risks losing Taiwan ‘forever’ due to its actions in Hong Kong, says strategist
The “big price” that China is paying for tightening its control over Hong Kong is Taiwan, said David Roche, president and global strategist at Independent Strategy. ( read original story …)
Asia shares push ahead as China markets jump
Asian shares crept back toward recent peaks on Monday as Chinese markets swung higher, while investors waited to see if the recent sell-off in longer-dated U.S. Treasuries would extend and maybe take … ( read…
China to facilitate holding of RMB as foreign central bank reserve currency
China will further facilitate cross-border use of the renminbi by promoting pilot programs to boost trade and investment, making it possible for more foreign central banks and monetary authorities to … ( read original story…
The US-China standoff is turning Hong Kong into a more valuable—and more Chinese—financial hub
Amid the political upheaval, the share price of Hong Kong Exchanges & Clearings (HKEx) has soared, and the company has reclaimed its crown as the most valuable exchange operator in the world by market ……
Hong Kong commerce secretary says will discuss ‘made in China’ labelling with U.S.: CNBC
Goods made in Hong Kong for export to the United States will need to be labelled as made in China after Sept. 25, according to a U.S. government notice posted last week. When asked about…
Volvo Owner’s China Business Posts 43% Profit Drop on Virus
Geely Automobile Holdings Ltd., the Chinese automaker controlled by Volvo Cars owner Li Shufu, reported a 43% drop in first-half profit after the coronavirus outbreak shuttered factories and decimated … ( read original story …)
China Stocks Rally Near Two-Year High on PBOC’s Easing Signal
China’s move to pump cash into its banking system has fueled bets monetary policy will remain loose, driving the benchmark gauge near its highest level in more than two years. ( read original story …)
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