President-elect Joe Biden may change the tone of Washington’s relationship with Beijing, but business leaders and Democratic advisers say he is likely to push back on China’s aim to become a global … ( read…
Monthly Archives For November 2020
Vaccines Are China’s Golden Opportunity to Regain Global Trust on Health Exports
For all the geopolitical competition to produce a Covid-19 vaccine, hundreds of millions of people outside China are likely to be inoculated by the country’s products. ( read original story …)
China’s tech giants have lost more than $280 billion in market value as regulatory concerns mount
China’s State Administration for Market Regulation on Tuesday announced a set of draft guidelines aimed at curbing monopolistic behavior on internet platforms. ( read original story …)
China to Stop its Tech Giants From Becoming too Powerful
Singles Day, a Black Friday-like shopping festival dreamed up by large retailers, is normally boom time for China’s major online platforms. And indeed Alibaba, which this year started its 11.11 event … ( read original…
Trouble For Big Tech: China Unveils New Regulations To Curb Anti-Trust Practices
Beijing’s crackdown on dominant internet companies in China, including Alibaba and Tencent, has shocked investors and prompted a selloff of Chinese equities in the last week. ( read original story …)
Global Stocks Are Higher, but Technology Stocks Tumbled Again in China
Global stocks are higher, with technology shares showing a bounce on Wall Street later. But Alibaba and other big tech names fell in Shanghai on concerns over proposed new regulations in China aimed … (…
$250 billion wiped off Chinese tech stocks as Beijing signals crackdown
Fears that Beijing could tighten the screw on China’s biggest tech companies have wiped hundreds of billions of dollars off their stock market value in just two days. Shares in Alibaba and JD.com have ……
China’s banking regulator signals tougher fintech antitrust laws
A senior official at China’s banking regulator has warned that technological advances in the financial industry risked creating monopolies, a day after Beijing unveiled new antitrust rules for the … ( read original story …)
Mapping the Futility of China’s Financial Decoupling From the U.S.
Confrontations in trade, technology and geopolitics are threatening to spill over into the financial system, with the U.S. pondering sanctions against Chinese banks and China weighing the possibility … ( read original story …)
Billionaire investor Ray Dalio believes Ant’s IPO suspension was reasonable — and says not investing in China is ‘very risky’
Dalio said there’s a risk of being too lax on innovation since Ant is a “whole new concept in terms of banking.” … ( read original story …)
Hong Kong Ousts Lawmakers After Beijing Grants Sweeping New Powers
Members of the pro-democracy bloc in the territory’s legislature had earlier threatened to step down en masse if any of their group were ousted. ( read original story …)
China Construction Bank to issue offshore bond based on blockchain
China Construction Bank has partnered with a digital exchange to launch an offshore bond that relies on blockchain in a sign of rising interest in the technology from the countrys … ( read original story…
China’s coronavirus recovery continues as car sales rise for seventh straight month in October
Vehicle sales in China rose 12.5 per cent in October from the same month a year earlier, with sales hitting 2.57 million vehicles, data from the China Association of Automobile Manufacturers (CAAM) … ( read…
