Shenzhen, known for its maker community and manufacturing resources, is taking the lead in trialing China’s digital yuan. The government doled out the money through mobile “red envelopes,” a tool desi … ( read original…
Monthly Archives For October 2020
Stocks scale five-week highs on China’s post-holiday surge
Global stocks hit five-week highs on Monday led by China’s post-holiday surge as investors bet on a steady recovery for the world’s no. 2 economy, but worries about rising COVID-19 infections capped … ( read…
When the U.S. and China Fight, It Is the Environment That Suffers
The Trump administration’s moves to decouple the two economies means less leverage over Beijing’s green policies. ( read original story …)
China denies Canadians ‘arbitrarily’ detained over Meng case
China is denying it “arbitrarily” detained two Canadian citizens in response to Canada’s arrest of an executive of technology giant Huawei … ( read original story …)
China Eastern Airlines to receive $4.6 billion capital injection
China Eastern Airlines will receive a cash injection of 31 billion yuan ($4.60 billion) from four new investors as part of an equity diversification plan, the company said on Monday. ( read original story …)
ZTE and China Unicom build an innovative FTTH-based smart community
ZTE and the Yinchuan branch of China Unicom have employed ZTE’s flagship optical access product, TITAN Optical Line Terminal (OLT). ( read original story …)
China, Hong Kong stocks rally by most since July before reports pointing to economic rebound, while Xi visit buoys Shenzhen and tech companies
Stocks in mainland China and Hong Kong advanced by the most in three months before official reports showing recovery in the world’s second-largest economy gained stronger momentum last quarter. ( read original story …)
China’s central bank signaling it’s ‘unhappy’ with pace of yuan appreciation, says analyst
Rohit Garg, director at Bank of America Merrill Lynch, explains the possible reasons why China’s central bank changed rules that made it cheaper for traders to short the currency. ( read original story …)
Asia Today: China to test 9 million after new outbreak
Chinese health authorities will test all 9 million people in the eastern city of Qingdao for the coronavirus this week after nine cases linked to a hospital were found, the government announced Monday … (…
China To Test 9 Million People For Covid-19 This Week As New Outbreak Emerges
Authorities will test the entire population of the city of Qingdao over the next five days, after a handful of cases linked to a chest hospital. ( read original story …)
Hong Kong leader seeking Beijing’s help for ailing economy
Hong Kong Chief Executive Carrie Lam said Monday she will fly to Beijing to ask Chinese leaders for help to pull the territory out of its economic slump. Lam said an annual speech she was…
China Taps the Brakes on a Yuan Rally
Banks no longer need to deposit 20% of their sales when buying and selling what are called currency forwards denominated in U.S. dollars for clients. ( read original story …)
Analysis: Why US sanctions on China’s Ant Group may be an empty threat
WeChat is already facing scrutiny in the United States, but sanctions on Ant and its payments app Alipay would be an escalation in the US-China tech war. Alipay and WeChat Pay are daily necessities ……
