Four Hong Kong lawmakers were stripped of their seats on Wednesday after China passed a resolution giving local authorities broad new powers to quash dissent, in a move that could signal the end of ……
Monthly Archives For November 2020
China breaks national record for Mariana Trench manned-dive amid race for deep sea resources
China has broken its own record for deepest manned dive into the world’s oceans, sinking an estimated 10,909 meters (35,790 feet) into the Mariana Trench, state-run news agency Xinhua said. ( read original story …)
China’s tech clampdown wipes $260bn off share values
Beijing says it wants to root out monopolistic practices in tech industry, shortly after blocking Ant Group’s giant IPO. ( read original story …)
Beijing passes resolution to make ‘patriotism’ mandatory for Hong Kong lawmakers
China’s top legislative body passed a resolution on Wednesday to make patriotism a legal requirement for Hong Kong lawmakers, according to multiple reports. ( read original story …)
China ousts pro-democracy Hong Kong lawmakers in new crackdown
One of the sanctioned opposition LegCo members warned the move signalled the end of ‘one country, two systems’ … ( read original story …)
Exclusive: Huawei to sell phone unit for $15 billion to Shenzhen government, Digital China, others – sources
Huawei plans to sell budget-brand smartphone unit Honor in a 100 billion yuan ($15.2 billion) deal to a consortium led by handset distributor Digital China and the government of its home town of … (…
Hong Kong disqualifies pro-democracy lawmakers as China quashes opposition
For the first time since Britain returned the city to Chinese sovereignty in 1997, there is likely to be no political opposition in the legislature. ( read original story …)
China Construction Bank unit raising $3 bln via blockchain bond
A China Construction Bank (CCB) unit in Malaysia said it is raising funds through the issuance of an up to $3 billion bond using blockchain, the first such security to be publicly listed. HONG KONG,…
Bridgewater’s Dalio supports Ant IPO suspension, bullish on China
Ray Dalio, founder of Bridgewater Associates, expressed support on Wednesday for China’s abrupt decision to suspend Ant Group’s record $37 billion listing, citing the need to curb risks from financial … ( read original story…
Alibaba records billions in sales as China’s first post-virus Singles’ Day kicks off
Chinese e-commerce giant Alibaba Group Holding Ltd said orders made during its Singles’ Day mega-shopping festival had exceeded $56 billion by Wednesday morning, as consumers sought to cash in on a … ( read original…
China Construction Bank sells US$3 billion worth of debt on blockchain
China Construction Bank kicks off the country’s first blockchain-based certificate of deposits sale, issued in US dollars and tradeable with bitcoin. ( read original story …)
Noodle diplomacy at Yaoji Chaogan: Diners flock to popular Beijing restaurant Biden visited in 2011
Yaoji Chaogan, a Beijing eatery that welcomed then-vice president Joe Biden in 2011, has been packed with curious Chinese diners hoping to have a taste of what the new president-elect ate nine years … (…
Defiant Hong Kong opposition lawmakers under fire from Beijing – and their own allies
Hands joined in a show of solidarity, defiant Hong Kong opposition lawmakers on Monday threatened a mass resignation if Beijing moved to have any of them disqualified. But as their press conference … ( read…
