National exports rose 3.6% last year, while China’s GDP grew 2.3% as the only major economy to expand amid the pandemic.
Monthly Archives For April 2021
China’s mRNA COVID-19 vaccine may start late-stage trial in May – state media
BEIJING (Reuters) – China’s locally developed COVID-19 vaccine candidate that uses messenger RNA (mRNA) technology could start late-stage clinical trial overseas as early as next month, official media …
Trade is giving China’s economic recovery a boost
(CNN Business)China’s economic recovery is continuing to gather steam. Imports surged more than 38% last month in US dollar terms compared to a year earlier, according to customs data released Tuesday …
Experts: NASA will continue working with Russia on space despite China plan
April 13 (UPI) –Russia and NASA will continue to cooperate in space in the near future, despite that country’s intent to work with China on lunar exploration, experts on Russian space policy said.
Alibaba shares close higher after Beijing orders Ant Group to revamp business
Alibaba affiliate Ant Group was ordered to revamp its business by Chinese regulators. That, along with a 18.23 billion yuan ($2.78 billion) fine Alibaba received as a result of an anti-monopoly …
Yellen Dropping China Manipulator Label Won’t Help Weak Yuan
(Bloomberg) — China’s yuan is unlikely to escape its current bout of weakness, even with help from U.S. Treasury Secretary Janet Yellen. While Yellen’s decision not to name China as a …
China’s revamp of Ant dents investor appetite for IPO revival
China’s regulatory-imposed revamp of Jack Ma’s Ant Group, transforming the hot fintech into a financial holding company, appears to have dented some investor appetite for any plans to revive what …
Chinese bodybuilders pump iron at old Beijing gym
Oddly Enough Chinese bodybuilders pump iron at old Beijing gym. Posted . Each afternoon without fail, a handful of men mostly in their 60s gather at an old bicycle shed in southwe …
Asian shares mostly gain as China exports rise
China reported its exports rose nearly 31% in March, in line with expectations but weaker than the 60% growth seen in the first two months of the year. The rising trade activity reflects higher demand…
Nokia’s Nuage Networks to power China Mobile Cloud’s massive public cloud expansion
Espoo, Finland – Nokia today announced that China Mobile Cloud, the subsidiary of the leading mobile telecom provider China Mobile, will leverage the Nuage Networks end-to-end SDN solution for …
Leshi, once hailed as ‘China’s Netflix’, and founder Jia Yueting hit with fines worth US$73.6 million in China for financial fraud
“Jia Yueting’s reputation in China will be a major stumbling block to Faraday Future’s business growth in the country,” said Eric Han, a senior manager with business advisory firm Shanghai Suolei.
Drone maker DJI the latest Chinese tech giant to get into the car game
Posting on social media, the Shenzhen-based company introduced DJI Auto, a new brand that will focus on the research and development, production and sales of intelligent driving systems and their core …
Breakingviews – Beijing makes Ant’s credit less addictive
Denying customers the convenience of borrowing for whimsical purchases with a tap on a smartphone screen will quickly dock growth, and given Beijing’s general suspicion of so-called financial …
