A year ago today, President Xi Jinping asked the U.S. to treat Chinese companies “fairly” in a letter read out at the White House to mark the signing of a landmark trade deal between the…
Monthly Archives For January 2021
Ant Group Is Moving Quickly to Comply With Regulations, China’s Central Bank Says
Ant is working expediently to rectify its business practices and comply with regulatory requirements, a top Chinese central bank official. ( read original story …)
Ant Group kicks off the overhaul of its fintech operations under the watchful eyes of China’s central bank and financial regulators
The update on Ant Group’s ongoing reorganisation offers the first glimpse of the Chinese government’s stance on a company that powers more than half of all electronic payments in the country, since … ( read…
Analysis: Investors resigned to Trump’s China ban, with Biden seen changing little
Financial executives are settling in for the long haul over the Trump administration’s investment ban on Chinese securities, expecting the rules to be lasting but hoping to have more clarity after … ( read original…
A Year On, China Falls Short on Trade-Deal Targets
China’s purchases of U.S. goods are behind schedule, although some see progress in its opening of markets to U.S. companies. ( read original story …)
China’s blockchain project BSN to pilot global CBDC system in 2021
China’s Blockchain Service Network plans to build a system combining global central bank digital currencies in five years. ( read original story …)
Crypto Mining Hardware Manufacturer Whatsminer Plans to Launch Public Offering in the US
One of the world’s biggest bitcoin mining machine manufacturers is preparing to go public in the United States. China-based Whatsminer is reportedly … ( read original story …)
French Beauty Brands Can Now Export to China Without Testing on Animals
The French Federation for Beauty Companies (FEBEA) yesterday announced the decision by the China’s ANSM consumer safety agency, making France the first EU member state that can export cruelty-free … ( read original story …)
Joe Biden Taps China Coronavirus Disinformation Expert for NSC
Laura Rosenberger has warned that Beijing is spreading disinformation to try and dodge blame for the pandemic. ( read original story …)
Beijing to build world-class industrial cluster
Beijing will focus on building a world-class industrial cluster in the city’s Beijing Economic-Technological Development Area (BDA), a BDA official said Thursday. With an area of 27.83 square … ( read original story …)
China GDP: economy set to confirm recovery from coronavirus, but new cases cloud outlook
China’s gross domestic product (GDP) is expected to have grown by 2.1 per cent in 2020, the lowest growth rate in 44 years, due to the impact of the coronavirus. ( read original story …)
Shares in China’s Xiaomi tumble after US investment ban
Shares in China’s Xiaomi sank after the US defence department added the smartphone group to an investment blacklist, in a move that is likely to thin its ranks of US shareholders. The Beijing-based … (…
Ant is working on timetable for overhaul: Chinese central bank
China’s central bank said Ant Group Co. is working on a timetable to overhaul its business while ensuring operations continue, offering little clue on how far the financial technology giant needs to … ( read…
