Development comes amid greater public scrutiny of how personal and electrical vehicle data is stored in China.
Monthly Archives For April 2021
China central banker urges three-pronged approach to green finance
Yi Gang, governor of the People’s Bank of China (PBoC), has outlined key steps to meet bold climate ambitions.
Chinese Edtech Startup Zuoyebang plans US IPO to raise $500 million
Zuoyebang offers live-steaming classes as well as other remote study services to more than 170 million monthly active users throughout China …
Chinese Edtech Startup Zuoyebang Weighs $500 Million U.S. IPO
Chinese online tutoring platform Zuoyebang is considering a U.S. initial public offering that could raise at least $500 million, according to people familiar with the matter. The education startup is …
China reports 21 new COVID-19 cases vs 10 a day earlier
China reported 21 new mainland COVID-19 cases on April 20, up from 10 cases a day earlier, the country’s national health authority said on Wednesday. The National Health Commission said in a statement …
China’s Xi to attend climate change summit at Biden’s invitation
China’s President Xi Jinping will attend the U.S.-led climate change summit on April 22 at the invitation of President Joe Biden, the Chinese foreign ministry said on Wednesday.
“Vaccine diplomacy” fuels rising US-China tensions
Amid rising geopolitical tensions between the US and China, vaccine diplomacy has become an auxiliary to foreign policy.
DBS buys 13% stake in Shenzhen bank for $1.08 billion as it ‘doubles down’ on China’s Greater Bay Area
SINGAPORE – DBS Group has agreed to buy a 13 per cent stake in privately-owned Shenzhen Rural Commercial Bank (SZRCB) for 5.29 billion yuan (S$1.08 billion), part of its plan to accelerate its …
Russia, China pose increasing threats in, officials say
Defense officials told lawmakers Tuesday that China and Russia are both working to increase their nuclear capabilities — and are increasing threats in space.
Huarong debacle tests Beijing’s resolve to bail out state groups
The amount misappropriated by Huarong Asset Management’s Lai Xiaomin, whose crimes included abusing the power to allocate credit and bigamy, was the highest since the founding of the People’s Republic …
China tech groups hire ex-regulators to fend off Beijing’s crackdown
A growing number of Chinese tech companies have hired former government officials as part of efforts to navigate President Xi Jinping’s intensifying crackdown on the sector. Whi …
Top military official warns China and Russia are modernizing nuclear weapons faster than US
The top US military official who runs the American nuclear arsenal warned that China and Russia are modernizing their nuclear weapons and capabilities faster than the US, saying during a congressional …
China Huarong Is a Test for Beijing’s Financial Reform Drive
China has been trying to get its SOEs to slim down. Although this is mostly a domestic affair, once in a while, its reform agenda can clash directly with foreigners’ interests. China Huarong Asset …
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