Authorities in the city of Suzhou handed out 20 million “digital yuan” to local residents to spend on online or offline purchases, as China took another step toward becoming the first major world … (…
Monthly Archives For December 2020
Millions to Lose Jobless Benefits As Trump Refuses to Sign Stimulus Bill, Says COVID Is ‘China’s Fault!’
Gig-workers, freelancers and as well as long-term unemployed to lose benefits as Trump refuses to sign $900 billion relief package. ( read original story …)
Jack Ma’s Ugly Face-Off With Prez Xi Making Global Investors Jittery About China
The ugly face-off between Chinese President Xi Jinping and billionaire entrepreneur Jack Ma is set to deal a big blow to investments in the country. ( read original story …)
China orders Ant Group to rectify businesses
Chinese regulators have ordered Ant Group, the world’s largest financial technology company, to rectify its businesses and comply with regulatory requirements amid increased scrutiny of anti-monopoly … ( read original story …)
Trump blames China for financial strain on Americans as 14 million people lose unemployment because the president refused to sign into law a massive $900 million coronavirus …
President Donald Trump on Saturday night continued to refuse to sign into law a massive $900 million coronavirus relief bill. ( read original story …)
China Asks Ant to Return to Payments Services Origins
Chinese regulators imposed a series of requirements on Ant Group Co., including that the company returning to its origin of being a payments service provider and reforming lending, insurance and … ( read original story…
China Central Bank Urges Ant Group to Set ‘Rectification’ Plan Swiftly
China’s central bank urged Ant Group on Sunday to outline a concrete plan as soon as possible to meet regulatory demands and fully understand the seriousness of the “rectification” work it needs to … (…
Beijing Tightens COVID-19 Curbs as Cases Detected Across Capital
Beijing has tightened COVID-19 curbs over concerns that China’s mass travel during the holiday period could cause cases to spike in the capital, as it reported locally transmitted cases for a fourth … ( read…
China economy picks up, but risks remain: World Bank
Following a sharp decline in the first quarter of 2020, economic activity in China has normalized faster than expected, aided by an effective pandemic-control strategy, strong policy measures and … ( read original story …)
China extends tariff exemptions for US chemical, oil products
Six US chemical and oil products will not be targeted by additional duties for another year, according to China’s finance ministry. The exemptions were initially introduced after the two countries … ( read original story…
China’s industrial profits grow robustly, seventh straight rise
Profits at China’s industrial firms grew robustly in November for a seventh month of gains, supported by strong industrial production and sales, as manufacturers continue their recovery from the COVID … ( read original story…
Families of detained Hongkongers in Shenzhen condemn closed-door hearing, call on foreign governments to observe trial
The families accuse mainland authorities of conducting ‘secret’ trials and ‘disregarding basic human rights’, and urge foreign governments to send monitors. ( read original story …)
Beijing is sending a senior party leader to Nepal as political crisis unfolds
In May this year, when the wrangling within the Nepal Communist Party was at its peak, Chinese Ambassador Hou Yanqi visited the ruling party’s top brass and President Bidya Devi Bhandari.There was a … (…
