The law, which was passed last week and takes effect on February 1, also allows members of the Chinese coast guard to destroy structures built by foreign countries on reefs claimed by Beijing and to…
Monthly Archives For January 2021
China’s central bank conducts 180 billion yuan of reverse repos
China central bank on Wednesday conducted 180 billion yuan about 278 billion US dollars of reverse repos to maintain reasonabl … ( read original story …)
China money rates hit 21-month high on holiday demand, policy tightening worries
China’s short-term money rates extended rallies to over 21-month highs on Wednesday as investors worried that policymakers may be starting to shift to a tighter stance to cool gains in share prices … ( read…
New Pro-Beijing Party Signals China’s Future Plans for Hong Kong
As China moves to neutralize Hong Kong’s pro-democracy opposition, it’s also giving the green light to a new political party that provides a window into how Beijing may change the territory in the … (…
China opens door to Ant Group’s stock market debut
China’s central bank governor has signalled that the door remains open for Ant Group’s stock market debut.Ant, backed by billionaire founder of e-commerce giant Alibaba Jack Ma, was set to list its … ( read…
China ambassador says export delays for Brazil vaccine supplies not political
The issues holding up vaccine supply exports from China to Brazil are due to technical, rather than political obstacles, China’s ambassador said on Tuesday, as delays to Brazil’s vaccine rollout began … ( read original…
Starbucks Sales Slide But Show Signs of Recovery in China
Starbucks also said Chief Operating Officer Roz Brewer will leave to lead another publicly traded company. ( read original story …)
Ant Group’s IPO could be revived after ‘problem solved’, hints China’s central bank governor
PBOC governor Yi Gang said there needs to be more international cooperation on regulating fintech, particularly regarding the ownership of consumer data. ( read original story …)
Starbucks’ recovery, solid in China, still slow in the US
Starbucks’ recovery slowed at the end of last year as U.S. coronavirus cases mounted, but the coffee titan says it’s confident its U.S. business will fully recover by March. “I am optimistic, because … (…
China’s industrial profits extend growth in December amid brisk factory recovery
BEIJING (Reuters) – Profits at China’s industrial firms grew for the eighth straight month in December, suggesting a sustained recovery as the manufacturing sector rapidly emerged from its COVID-19 … ( read original story …)
Beijing tries to bridge digital gap for elderly
Beijing will step up efforts to bridge the digital divide faced by seniors and provide them with convenient and smart life services, the city’s government work report said. How to solve the … ( read…
Beijing Olympics: The US has accused China of Xinjiang genocide. Will it now boycott the 2022 Games?
The United States’ determination that China is committing genocide in Xinjiang presents a rare moral predicament for athletes and countries preparing to compete in the 2022 Winter Olympics in Beijing. ( read original story …)
Global luxury brands like Omega, De Beers eye China’s retail boom as wealth expands in lower tier cities
Global luxury brands are expanding into lower tier cities in mainland China, as growing wealth powers some of the best performing retail locations for high-end goods in the country. ( read original story …)
