Judging by the first-quarter figures shared by China’s big three telcos over the past few days, there are probably already more than 400 million 5G customers in China.
Monthly Archives For April 2021
Teji Mandi Explains: As China shifts its steel export policy, how will it affect the domestic industry?
In a major policy shift, China has withdrawn export rebates on major finished steel products and cut import duty on various semi-finished, crude, and scrap steel. As per the latest announcement, China …
Cambodia receives third batch of China’s Sinopharm COVID-19 vaccine
A plane carrying the third batch of China-donated Sinopharm COVID-19 vaccines arrived in Cambodia’s capital Wednesday night. “The arrival of the vaccine today is another testament to the unbreakable …
Shenzhen’s role in Bay Area development highlighted
In a report delivered by Shenzhen’s Party chief, Wang Weizhong, at the opening of the congress, the city’s role as a key driver of growth in the Guangdong-Hong Kong-Macao Greater Bay Area and of …
Joe Biden can’t stop thinking about China and the future of American democracy
White House aides were prepping President Joe Biden to virtually tour an electric vehicle battery manufacturing plant last week when the President suddenly shifted the conversation to something else …
China conducts central bank bills swap
The People’s Bank of China, the central bank, conducted this year’s fourth central bank bills swap (CBS) operation on Thursday to improve the liquidity of perpetual bonds issued by commercial banks.
How China’s Digital Currency Could Fracture Global Finance
Digital currencies have been pulled into the geopolitical arena, and, just as strategic supply chains are decoupling, central bank digital currencies will fracture the global financial landscape into …
China’s Big Five Banks Boost Profits, but Margins Shrink
Five of China’s largest state-owned banks have reported higher first-quarter net profits, helped by a rebound in the country’s economy from the coronavirus pandemic. But margins – a key indicator of …
Apple, Tesla Earnings Reports Show An Increasing Reliance On China As A Market
Apple Inc (NASDAQ: AAPL) and Tesla Inc (NASDAQ: TSLA) are both increasingly dependent on China for generating revenues, the latest respective company earnings indicate. What Happened: In the quarter …
How China Is Closing In on Its Own Digital Currency: QuickTake
While there’s no launch date yet, the People’s Bank of China is likely to be the first major central bank to issue a digital version of its currency, the yuan, seeking to keep up with…
China’s top airlines post wider Q1 losses on COVID-19 resurgence
China’s three biggest airlines on Thursday reported wider losses for the first quarter when COVID-19 cases rose, but the industry’s quick recovery, helped by the country’s fast containment measures, …
Chia crypto mining spurs 500% jump in Adata SSD sales, warranty warning from Galax
The Chia blockchain uses a ‘proof of space and time’ model instead of ‘proof of work’ (Bitcoin) or ‘proof of stake’ (Etherium 2.0). People can mine …
Coronavirus: China and Russia sow disinformation to undermine trust in Western vaccines, EU report says
State media pushed fake news online sensationalising coronavirus vaccine safety concerns and promoting Russian and Chinese shots as superior, the study says.
