The luxury market won’t reach 2019 levels until 2022 or 2023, but 2021 is still in question since the second wave of Covid is threatening the recovery that started in the second half of this…
Monthly Archives For November 2020
How one city in China managed to control a COVID-19 outbreak without mandating a lockdown
Public health officials in a city in China were able to contain a COVID-19 outbreak and avoid a lockdown last month by using testing on a massive scale, according to an article in the New…
Australia demands China explain why it has been singled out on trade restrictions
Australia’s trade minister says China should clarify why other nations maintained workable relations despite differences … ( read original story …)
The Latest: More Mass Testing in China After 3 New Cases
Authorities are conducting mass testing and shutting down schools after China reported three new domestically transmitted cases in the past 24 hours _ two in northern Inner Mongolia province and one … ( read original…
China Vice Premier Liu He vows zero tolerance for misconduct after recent bond defaults
China will show “zero tolerance” for misconduct following a recent string of bond defaults, a meeting of the Financial Stability and Development Committee chaired by vice premier Liu He said. ( read original story …)
Ant’s Botched IPO (Part 3): The Regulators Performed A Radical Value-Ectomy
The Ant Group wants to be seen as a Tech company — but China’s regulators see it as a Bank. This means a de-valuation – perhaps by as much as 50% – which derailed the…
U.S. Business Group In Shanghai Upbeat On Biden; Detentions Remain A Worry
A new survey by the American Chamber of Commerce in Shanghai has found members more upbeat about their business prospects in the country following the U.S. presidential election win by Joe Biden. ( read original…
China to Launch Moon Probe, Seeking First Lunar Rock Retrieval Since 1970s
China plans to launch an unmanned spacecraft to the moon this week to bring back lunar rocks in the first attempt by any nation to retrieve samples from Earth’s natural satellite since the 1970s. The…
Do China Tech Giants Pose A Risk For European Banks?
China’s Ant group may have been dealt a setback with the shelving of its IPO but European banks remain wary that Chinese tech giants may soon be their main competitors. The European finance sector has…
Debt assistance worth $2.1b given to poor nations, says finance minister
China has provided debt relief worth $2.1 billion to lower-income countries under the G20 framework, the highest among G20 members in terms of deferral amount, Finance Minister Liu Kun said on Friday. ( read original…
What Africans really think about China’s role in Africa
First, there is no monopoly or duopoly of influence in Africa. Beyond the US and China, there is a mosaic of actors, both African and non-African … ( read original story …)
Beyond Meat Faces an Ancient Rival in China — Tofu
The original plant-based protein has been a central feature of mainland cuisine since the first millennium. Why would tastes change now? ( read original story …)
China Mobile builds over 385,000 5G base stations
China Mobile, one of the country’s leading telecommunication operators, has built more than 385,000 5G base stations. Dong Xin, general manager of China Mobile, said that the stations provide 5G … ( read original story…
