After Beijing sent an emergency notice to conduct checks on crypto mining operations, Chinese experts believe the industry is set for stricter supervision.
Monthly Archives For April 2021
Giants Tencent, Bytedance among companies reined in by China
China forces Jack Ma’s Ant Group to restructure Alibaba accepts record fine and vows to change “Internet platforms have played an important role in improving the efficiency of financial services and …
China orders fintech companies to stick to the rules as clampdown widens
The country’s platform economy has grown rapidly and covers whole range of e-commerce activities ranging from banking to shopping and food delivery.
Meituan, Alibaba drag Hong Kong stocks lower on tech clampdown concerns as manufacturing in China cools
Hong Kong stocks suffer from a widening clampdown on Chinese tech companies and their internet-platform businesses. An official report today shows manufacturing in China cooled more than expected this …
China Donates 50,000 Doses of COVID-19 Vaccine to Bosnia and Herzegovina
China’s donation of 50,000 doses of COVID-19 vaccines arrived in Sarajevo, Bosnia and Herzegovina, on April 29.Footage shared by Radio Free Europe shows Ji Ping, the Chinese Ambassador to Bosnia and …
China manufacturing surged in April, Caixin says
China’s manufacturing activity rebounded in April, marking the strongest growth so far this year, as overseas demand remained solid and the job …
China’s Hidden Bank Assets Are Emerging from the Shadows
Lenders are being pushed to recognize $1.3 trillion of products sold in racier times. That could prove costly.
China Reins In Tech Giants’ Finance Arms
China’s crackdown on the technology industry continues. Regulators imposed wide-ranging restrictions on the fast-growing financial divisions of 13 companies including Tencent Holdings Ltd.
China factory activity accelerates in April but cost pressures mount – Caixin PMI
China’s factory activity in April expanded at the fastest pace in four months on stronger demand, but concerns over surging raw materials and input costs clouded the outlook, according to a private …
China: PMI shows recovery at a slower speed
Recovery in both manufacturing and service sectors continued in China in April. We expect that an export demand recovery will help factory orders and …
China’s Factory Outlook Eases as Economic Recovery Moderates
A gauge of China’s manufacturing industry slipped in April and the services sector also weakened, suggesting the economy is still recovering but at a slower pace.
Why so many people in China are becoming mermaids
A shoal of 100 mermaid divers broke the Guinness World Record for largest underwater mermaid show on April 28 in China. The sport has experienced a surge in interest in recent years, with mermaid …
China issues $8 billion subsidies for water conservation development
China’s ministry of finance said it issued 57.4 billion yuan ($8.87 billion) in subsidies for local water conservation development for 2021, a 3.1% increase from the previous year. According to an …
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