Total investments between the United States and China are much bigger than official figures reflect, a report released on Tuesday found, underscoring the challenge facing U.S. President Joe Biden’s … ( read original story …)
Monthly Archives For January 2021
China’s central bank chief struggles to answer question on Ant Financial IPO
Yi Gang, the veteran central bank chief of the People’s Bank of China, is no stranger to challenging questions. But when asked by the editor of the … ( read original story …)
Beijing building big data platform to help seniors
The city of Beijing is working to establish a big data platform for all the senior citizens in the city as a risk prevention mechanism. Courts at all levels in Beijing dealt with around 60,000…
Ant Group will see ‘results’ if legal process after IPO halt followed: central bank governor
Ant Group will see results if the company follows the legal processes following the suspension of its initial public offering, according to China’s central bank governor Yi Gang. ( read original story …)
Kuaishou Sets IPO Share Price at Up to USD15, Eyes USD5 Billion Windfall
Kuaishou Technology, the firm behind TikTok’s main competitor in China, is pricing its stock at between HKD105 (USD13.55) and HKD115 (USD15), which could see the company rake in almost HKD39.5 billion … ( read original…
China’s chilling message to Biden: Beijing flies 15 fighter jets into Taiwan for second time in two days after US despatches aircraft carrier to disputed South China Sea
China deployed 15 fighter jets into Taiwan airspace for the second time in two days in a move that comes after the aircraft carrier USS Theodore Roosevelt was moved into South China Sea. ( read…
China’s GDP growth targets should be scrapped to help put cap on local government debt, top central bank adviser says
Local governments in China are under pressure to meet unrealistic economic growth goals, and small banks are seeing their asset quality declining as the default risk of their borrowers grows. ( read original story …)
China state-owned firms’ Dec profits rise 13.8% y/y – finance ministry
The profits of China’s state-owned firms rose 13.8% year on year in December, according to a notice from the Ministry of Finance. ( read original story …)
China Central Bank Will Back Growth and Watch Debt Risks, Says Governor
China’s monetary policy will continue to support economic growth and the central bank will watch debt and non-performing loan risks, central bank governor Yi Gang said on Tuesday. Speaking at a … ( read original…
ConsenSys partners with China’s Blockchain-based Service Network
ConsenSys has partnered with China’s Blockchain-based Service Network to accelerate the enterprise adoption of Ethereum apps in China.Read more … ( read original story …)
Xi’s speech shows how Biden faces a very different China
Chinese President Xi Jinping struck a confident tone Monday when calling for world leaders to cooperate more with China. ( read original story …)
China, New Zealand ink upgraded free trade deal
China and New Zealand signed a deal to upgrade their existing free trade pact on Tuesday, which will give commodities exports from the Pacific nation increased access to the world’s second-largest … ( read original…
The Latest: China offers flight refunds to curb travel
Chinese airlines are offering refunded tickets as the coronavirus continues to spread in the country’s northeast … ( read original story …)