Tim Hortons, the Canadian coffee and doughnut giant, has raised a new round of funding for its Chinese venture. The investment is led by Sequoia China with participation from Tencent, its digital … ( read…
Monthly Archives For February 2021
Rights groups target sponsors like Airbnb for Beijing Games
In one corner are the 15 leading Olympic sponsors, many household names like Airbnb, Coca-Cola, Visa, Toyota, Samsung, and General Electric. Together they pay at least $1 billion to … ( read original story …)
China’s economy could grow 8-9% this year from low base in 2020: central bank adviser
China’s gross domestic product (GDP) could expand 8-9% in 2021 as it continues to rebound from the COVID-19 pandemic, Liu Shijin, a policy adviser to the People’s Bank of China, said on Friday. This ……
Dutch parliament becomes second in a week to accuse China of genocide in Xinjiang
The Dutch parliament on Thursday passed a non-binding motion saying the treatment of the Uyghur Muslim minority in China amounts to genocide, the first such move by a European country. ( read original story …)
China Approves 2 More Domestic Coronavirus Vaccines, Taking Total to 4
Beijing: China’s National Medical Products Administration has approved two more Coronavirus vaccines for public use, taking the total number of homegrown vaccines approved in the country to four. The … ( read original story …)
China approves two more Covid-19 vaccines.
China has approved two Covid-19 vaccines whose manufacturers say are effective at preventing serious illness, paving the way for their deployment in the country and the developing world over the next … ( read original…
Singapore’s Richest Property Clan Posts Loss From China Deal
Singapore’s richest property dynasty’s earnings took a severe hit last year, in part due to its contentious investment in a Chinese developer that has driven a rift in the billionaire family. ( read original story…
CDL posts $1.92b second-half loss after $1.78b writedown of its Sincere Property investment
City Developments Limited (CDL) sank into the red with a net loss of $1.92 billion for its second half ended Dec 31, 2020, compared to a profit of $202.6 million a year ago.. Read more…
China sets 15-year transport expansion plan as it seeks to double size of economy by 2035
China’s plans to expand its high-speed railway system by 84 per cent come less than two weeks after US President Joe Biden warned that China is threatening to outcompete the US on infrastructure and ……
China Focus: Hard seltzer, protein powder and local dairy regulations feature in our round-up
Hard seltzer, protein powder and local dairy regulations feature in this edition of China Focus. LINGYA (零呀), the company which produced China’s first locally made hard seltzer has rebranded to ZEYA, … ( read original…
Biden admin says no ‘final decision’ on boycotting Beijing Olympics as momentum grows in Congress
White House press secretary Jen Psaki left the door open to a boycott of the 2022 Winter Olympics in Beijing as pressure grows in Congress to punish China over its oppression of Uighur Muslims in the…
Biden USTR nominee Tai vows to end trade ‘race to the bottom,’ counter China
Katherine Tai, President Joe Biden’s top trade nominee, backed tariffs as a “legitimate tool” to counter China’s state-driven economic model and vowed to hold Beijing to its prior commitments, while … ( read original story…
China Bank bags Gold Anvil for centennial program
China Banking Corporation (China Bank) bagged a Gold Anvil for the success of the Bank’s centennial events and campaigns despite a scaled-back celebration in light of the pandemic. With the theme … ( read original…
