Australia’s recent tensions with China led more companies to consider diversifying to other parts of Asia, ANZ CEO Shayne Elliott told CNBC … ( read original story …)
Monthly Archives For October 2020
China’s digital yuan aims to halt US ‘dollarisation’, boost retail payments, ex-central bank governor says
China’s sovereign digital currency is designed primarily to grow retail payments at home and prevent the dominance of the US dollar, rather than address threats raised by cryptocurrencies or … ( read original story …)
China’s Kangtai starts mid-stage trial of its COVID-19 vaccine candidate
China’s Shenzhen Kangtai Biological Products has begun a mid-stage human trial of its experimental coronavirus vaccine, clinical trial registry data shows. Kangtai’s candidate is among more than 10 … ( read original story …)
Shenzhen opens four more metro lines
Shenzhen opened four new metro lines on Wednesday, extending its total subway network to 411 kilometers, the 21st Century Business Herald reported. After adding Line 6 and 10 earlier this year, the … ( read…
Shenzhen’s game-changing reform and its implication to HK
Early this month, on the 40th anniversary of Shenzhen’s designation as a special economic zone (SEZ), Chinese President Xi Jinping unveiled a blueprint for building the city into a trade, finance, … ( read original…
Beijing slams US for arresting Chinese ‘Fox Hunt’ agents
China accused the United States Thursday of “ignoring basic facts” after five Chinese agents were arrested by Washington for allegedly going after Beijing’s opponents on American soil. ( read original story …)
China’s Strengthening Currency Is Increasingly Outside Beijing’s Control
The Chinese yuan has strengthened this year, and the country’s central bank seems to be trying to slow the rise. But having ceded a portion of the currency’s control to international markets, there’s … (…
Beijing should ask itself why BN(O) passport holders want to leave Hong Kong, rather than issuing threats
Why does Beijing want to stop BN(O) passport holders from leaving? They are likely to oppose the security law, and to have backed last year’s mass protests. So why not let these so-called unpatriotic ……
Large Covid outbreak in China linked to Xinjiang forced labour
More than 180 cases traced to garment factory where Uighurs must take up work placements … ( read original story …)
China’s Sinopec to accelerate push into hydrogen energy
Sinopec says it will push deeper into China’s fast-growing hydrogen energy sector in a move that could reverberate through the global oil industry, as the country’s biggest refiner unveiled record … ( read original story…
China smartphone vendors ramp up overseas shipments in 3Q20, says Digitimes Research
The sequential gains come as Chinese brands, with the exception of Huawei, were able to ramp up overseas shipments to meet inventory replenishment demand by channel operators outside China … ( read original story …)
He got a coronavirus vaccine in China, but had to keep it secret. Why?
What if something went wrong? Who would take responsibility? The worker knew the vaccine maker, China National Biotec Group — part of the state-owned pharmaceutical group Sinopharm — was conducting … ( read original story…
Exclusive: Major China state banks seen swapping dollars for yuan in forwards market – traders
China’s major state-owned banks have been swapping U.S. dollars for yuan this week, traders said on Thursday, suggesting monetary authorities are trying to rein in the sharply appreciating currency. T … ( read original story…
