The People’s Bank of China is somewhat of an enigma compared to other central banks. Find out everything you need to know about the PBOC and how its meetings influence financial markets.
Monthly Archives For April 2021
NEWSBREAK: China plans big changes to ferrous raw materials taxes from May 1
China is planning sweeping changes to its tax regimes for ferrous raw materials from May 1, its Ministry of Finance said on April 27. The changes are designed to guarantee the supply of steel making…
DND stands up to China: You have ‘no business’ telling PH what to do in its EEZ
The Philippine Department of National Defense (DND) on Wednesday (April 28) issued a strongly-worded statement telling China it cannot dictate what the Philippines does in its …
DND: China has no business telling PH to stop maritime patrols
The Philippines’ Department of Defense (DND) fired another shot at China following the latter’s statement that called for a stop to actions “complicating the situation,” in reference to Manila’s …
China Life: Q1 Earnings Snapshot
China Life Insurance Co. (LFC) on Wednesday reported first-quarter earnings of $4.41 billion. The Beijing-based company said it had net income of 78 cents per share. The life insurance company posted …
EU Pushes Back on China With Powers to Thwart State-Backed Firms
The European Union is looking to strengthen its hand against the growing economic threat posed by China, with new powers targeted at foreign state-owned companies.
China to launch Heavenly Harmony space station core module
China plans to launch the core module for its first permanent space station this week in the latest big step forward for the country’s space exploration program. The Tianhe, or “Heavenly Harmony” …
China auto industry body launches data platform for smart cars
China’s top auto industry body China Association of Automobile Manufacturers (CAAM) said on Wednesday that it has launched an auto data storage platform, using blockchain technology, for smart cars.
China Is Probing Ant’s Speedy Listing Process After Halting IPO
Chinese authorities are probing the speed with which Ant Group Co.’s ill-fated listing was approved, according to people familiar with the matter.
China’s Huawei Says Sales Down 16.5% Amid US Sanctions
Embattled Chinese tech giant Huawei says its revenue fell in the first quarter of 2021 after it sold its lower-priced Honor smartphone brand but profitability improved.
Taiwan accuses Beijing of waging economic war against tech sector
Taiwan, home to world-leading semiconductor firms, has long been concerned about China’s alleged industrial snooping.
Starbucks faces more competition from local beverage brands in China, its biggest market outside the U.S.
Entry of new competitors to the specialty coffee market in China” was one of the business risks Starbucks listed in its annual report filed in November. BEIJING — Investors in China are stepping up …
China Brand Day events to kick off in May to boost consumption
The 2021 China Brand Day events will be held from May 10 to 12 as the country seeks to boost domestic brands and spur consumption. The events will be held both online and offline on…
