Beijing branch is expected to commence its operation and offer a full range of products and services in February this year, an official of the branch said on Thursday. Its head office will allocate to…
Monthly Archives For January 2021
China bans banks from selling deposit products on third-party internet platforms
China’s banking and insurance regulator on Friday banned commercial banks from using third-party internet platforms to sell deposit products, including those relating to fixed-term deposits. The move … ( read original story …)
China Central Bank Says Ant Is Working on Timetable for Overhaul
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…
The US blacklisted Xiaomi in broadening its attack on China Tech
The US blacklisted Xiaomi in broadening its attack on China Tech (Bloomberg) – Xiaomi Corp. plummeted by 11% after the Trump … ( read original story …)
Trump’s China tech war backfires on automakers as chips run short
Automakers around the world are shutting assembly lines because of a global shortage of semiconductors that in some cases has been exacerbated by the Trump administration’s actions against key Chinese … ( read original story…
The China International Import Expo Spurs Global Cooperation in Intelligent Industry and Information Technology
The Intelligent Industry Information Technology Exhibition Area of the CIIE (Photo: Business Wire) Thousands of exhibitors and hundreds of thousands of buyers from across the globe have descended on … ( read original story …)
China’s current interest rate levels appropriate -c.bank official
China’s current interest rate levels are appropriate, Sun Guofeng, the head of the central bank’s monetary policy department, told a news conference on Friday. ( read original story …)
China Says Firmly Opposes New U.S. Sanctions
China firmly opposes new sanctions by the United States on its officials and companies over accusations of misdeeds in the disputed South China Sea, as well as an investment ban on nine more of its…
U.S. Targets Xiaomi, Cnooc in Trump’s Late Anti-China Push
The Trump administration blacklisted Chinese smartphone manufacturer Xiaomi Corp. for alleged military links along with the country’s third-biggest oil company over its drilling in the South China Sea … ( read original story …)
US blacklists Xiaomi in widening assault on China tech
Xiaomi plunged 11% after the Trump Administration blacklisted China’s No 2 smartphone maker and 10 other companies, broadening efforts to undercut the expansion of the country’s technology sector. The … ( read original story …)
US blacklists Chinese oil firm for bullying in South China Sea
The US government has ramped up sanctions and restrictions on Chinese firms over Beijings actions in the disputed South China Sea, and the security threat posed by technology. ( read original story …)
China COVID-19 cases surge to over 10-month high; travel discouraged
China reported the highest number of daily COVID-19 cases in more than 10 months, official data showed on Friday, due to a severe outbreak in the northeast that has put more than 28 million people…
Beijing, Shanghai, Shenzhen and Guangzhou home prices rose in December
China continued to see a generally stable housing market in December, with home prices in 70 major cities showing mild month-on-month increases, official data showed Friday. New home prices in four … ( read original…
ADVERTISEMENT
