Earlier this month, Royal Dutch Shell Plc pulled the plug on its Convent refinery in Louisiana. Unlike many oil refineries shut in recent years, Convent was far from obsolete: it’s fairly big by U.S. (…
Monthly Archives For November 2020
How has the COVID-19 pandemic affected the crypto space? Experts answer
COVID-19 is indeed the major topic this year, and the experts that Cointelegraph spoke to have shared their views on the impact that the pandemic has had on the crypto space. ( read original story…
Xi’s aim to double China’s economy is a fantasy
Will China double the size of its economy by 2035, as President Xi Jinping proposed at a Communist party conference three weeks ago? To do so, the Chinese economy must grow annually by just over…
Week In Review: BeiGene Plans $2.5 Billion IPO On Shanghai Star Exchange
BeiGene is planning an IPO on the Shanghai Star Exchange that could raise up to $2.5 billion. BeiGene announced China approval to market Xgeva (denosumab) to prevent skeletal-related events (SREs) in … ( read original…
Family of Hong Kong fugitive detained in Shenzhen dismisses letter received from him as ‘whitewash’ by authorities
The family of a Hong Kong fugitive detained in Shenzhen has dismissed a letter sent by him as an attempt by mainland Chinese authorities to “whitewash the inhumane treatment of political prisoners”. ( read original…
Michael Pettis Chimes in China’s Growth and Debt
Morgan Stanley and the IMF are too high says Michael Petts at China Financial Markets. Longer term, Pettis forsees a surge in debt. ( read original story …)
Did Coronavirus Come from Italy? No, But China Loves the Idea
The authors of a recent study showing that the coronavirus might have been circulating in Italy far earlier than previously thought have stated that their findings do not in any way dispute the Wuhan, ……
China Evergrande’s property management arm launching US$2 billion IPO as developer seeks to pare massive debt
Evergrande Property Services, a unit of mainland China’s largest and most indebted developer China Evergrande Group, is looking to raise up to HK$15.8 billion (US$2.04 billion) from an initial public … ( read original story…
China lobby tells UK: Embrace Beijing or ‘suffer’ business backlash
The UK will lose billions of pounds in private sector investment if it does not reverse its growing hostility toward China, according to a pro-Beijing business lobby. The China Chamber of Commerce in … (…
China Evergrande Gets $4.6 Billion Lifeline from State Firms
Firms owned by the city governments of Shenzhen and Guangzhou will buy equity worth 30 billion yuan ($4.6 billion) from existing investors in Hengda Real Estate, a unit that holds Evergrande’s main … ( read…
Mainland China reports 17 new COVID-19 cases vs 16 a day earlier
Mainland China reported 17 new COVID-19 cases on Nov. 21, up from 16 the previous day, with three cases of local transmission and nine cases originating overseas, the National Health Commission said … ( read…
Human rights groups weigh boycott of 2022 Winter Olympics in Beijing
International calls to boycott the 2022 Winter Olympics in Beijing are growing, as people around the world question whether China should still host the Games amid widespread human rights abuses across … ( read original…
China central bank officials see bigger global role for yuan as US dollar wanes
US dollar in the international monetary system expected to decline, two Chinese central bank officials said on the weekend. Ding Zhijie, head of a research centre at the State Administration of … ( read original…
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