Major South Korean lender Nonghyup Bank has applied for China’s approval to open a branch in Beijing as part of its Asian push, industry sources said Tuesday. Nonghyup Bank, which lodged the … ( read…
Monthly Archives For September 2020
China Fines Luckin Coffee, Associated Firms Combined $9 Million
China’s finance ministry said earlier this year that Luckin booked 2.25 billion of sales through fake coupons from April 2019 to end of 2019. The ministry’s investigation also found that Luckin … ( read original…
Ant said to lift IPO funding target to US$35bil
BEIJING: Jack Ma’s Ant Group is seeking to raise at least … putting the Chinese fintech giant on track for a record debut sale. Ant lifted its IPO target based on an increased valuation of…
Coronavirus dampens seasonal cheer in China’s Christmas production hub
At the Yiwu Fuye Christmas factory in eastern China, workers are stitching and testing out Santa Claus toys, checking they play a Christmas tune at the press of a button. “There is no way to…
With 500 days to go, Beijing’s 2022 vision is taking shape
Preparations for the 2022 Winter Olympic Games in Beijing are right on track despite challenges from the COVID-19 pandemic. — With 500 days to go before the 2022 Winter Olympics open, China’s … ( read…
Coronavirus Pandemic ‘Could Have Been Prevented’ If China Didn’t ‘Obfuscate Data’, House Report Says
China and WHO are to blame for the COVID-19 pandemic, contends a report from the House Foreign Affairs Committee The World Health Organization was complicit in allowing China to mislead the world, the … (…
China reports six new COVID-19 cases vs. 12 a day earlier
China reported six new COVID-19 cases on Sept. 21, down from 12 a day earlier, the national health authority said on Tuesday. ( read original story …)
China Uproots Ethnic Minority Villages in Anti-Poverty Fight
An aerial view shows new village houses built by the Chinese government for ethnic minority in Ganluo county, southwest China’s Sichuan province on Sept. 10, 2020. China’s ruling Communist Party says … ( read original…
TikTok’s Zero Hour: Haggling with Trump, Doubts in China and a Deal in Limbo
After months of maneuvering over the future of TikTok, it took last-minute phone calls to persuade President Trump to sign off in principle on the outlines of an agreement to keep the app operating in…
Ex-Goldman economist Jim O’Neill says China’s economy ‘well on the way’ to recover from coronavirus
Jim O’Neill, former chief economist at Goldman Sachs, pointed to the latest Chinese consumer spending data as a sign of China’s accelerating recovery … ( read original story …)
China Shows Off What Happens ‘If War Breaks Out Today’ Amid Taiwan Tensions with U.S.
“If they play around, if they want to play the game, they’ve got some big problems,” President Donald Trump warned. ( read original story …)
Credit Suisse, UBS Fight for China Bankers in Growing Talent War
(Bloomberg) — A battle for financial talent is intensifying in China, one of the few places worldwide where global banks are firmly in hiring mode. Credit Suisse Group AG this month hired a dozen ……
China Eyes Quick and Loose Carbon Market Start as Deadline Looms
(Bloomberg) — In a rush to start the world’s biggest carbon market, China is looking to have a more lax approach to emissions rather than cut greenhouse gases in the short-term. Under pressure … (…
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