Chinese regulators said on Saturday they have fined Alibaba Group Holding Ltd a domestic record $2.75 billion for antitrust violations, amid an unprecedented regulatory crackdown on Jack Ma’s company …
Monthly Archives For April 2021
Beijing orders five Chinese cities including Guangzhou, Dongguan to rein in their runaway house prices
Beijing’s hard stance on curbing home prices and avoiding … Wang Jianfan, director of the tax policy department of the Ministry of Finance, said on Wednesday that the country will “actively and …
Why China is banking on Suez and plans for a new Egyptian capital
The China State Construction Engineering Corporation, the contractor for the project, is building an 80-storey, 385-metre tower as part of the project, which will be the tallest building in Africa …
China Fines Alibaba Group $2.8 Billion in Monopoly Probe
China imposed a fine of 18.2 billion yuan ($2.8 billion) on Alibaba Group after an anti-monopoly probe, part of a regulatory crackdown that has raised concerns about the future of Jack Ma’s tech …
China able to produce 5b COVID-19 vaccine doses annually by 2022
China is expected to achieve an annual production capacity of 5 billion doses of COVID-19 vaccine by the end of next year, with nearly 70 percent of its population vaccinated, said Feng Duojia, …
China promotes COVID-19 vaccination with high efficiency
The Chinese pharmaceutical giant said its daily output of COVID-19 vaccines had reached about 3 million doses and would be further expanded to meet the growing demand of China and other countries.
A Chinese grandfather holds his grandson in Beijing, China
A Chinese grandfather holds his grandson as they go for a walk in Beijing on February 23, 2018. China’s one-child policy enforced since 1980 has, when combined with a cultural preference for boys and …
East China’s Jiangsu launches mass vaccination campaign against COVID-19
People receive COVID-19 vaccine at a vaccination site in Gulou District of Nanjing, east China’s Jiangsu Province, April 9, 2021. East China’s Jiangsu Province has launched a mass vaccination campaign …
China Fines Alibaba $2.8 Billion in Landmark Antitrust Case
By Raymond Zhong China on Saturday said it was imposing a record $2.8 billion fine on the e-commerce titan Alibaba for monopolistic business practices, the government’s toughest action to date in its …
China regulators fine Alibaba $2.75 billion for anti-monopoly violations
SHANGHAI (Reuters) – Chinese regulators have fined Alibaba 18 billion yuan ($2.75 billion) – around 4% of its revenues in 2019 – for violating anti-monopoly rules and abusing its dominant market …
China’s refined copper, aluminium imports to fall in 2021
BEIJING: China’s refined copper imports are expected to fall by around 27% in 2021 from last year’s bumper levels while primary aluminium inflows will more than halve, state-backed research house …
Bitcoin mining in China could soon generate as much carbon emissions as some European countries, study finds
In China alone, bitcoin is projected to generate more than 130 … a co-author of the study and professor at Chinese Academy of Sciences, told CNN Business. Bitcoin mining hardware has evolved as the …
China reports 14 new COVID-19 cases in mainland vs 21 a day earlier
Mainland China reported 14 new COVID-19 cases on April 9, down from 21 a day earlier, the country’s national health authority said on Saturday. The National Health Commission said in a statement that …
