Cryptocurrencies could unify an already globalized world, but fears over illegality in the market have led China to ban the trade and use of Bitcoin.
Monthly Archives For May 2021
China reports 24 new mainland COVID-19 cases vs 12 a day earlier
China reported 24 new COVID-19 cases on May 20, up from 12 cases a day earlier, the country’s national health authority said on Friday. The National Health Commission said in a statement all of the…
Tencent investments push profits up 65 per cent in first quarter, as gaming and fintech units grow with Beijing scrutiny
China’s biggest social media and gaming company posted a 65 per cent rise in profit for the first quarter, beating estimates, as the company continues to face antitrust scrutiny from Beijing.
Oatly Group raises US$1.4b in plant-based IPO
Amid a global push to plant-based foods, Swedish alternative milk brand Oatly Group has raised US$1.4 billion through an initial public offering to US investors ahead of its Nasdaq debut overnight.
Bitcoin, Ethereum prices drop after China reiterates ban on crypto services
Bitcoin, Dogecoin, Ethereum and seemingly every cryptocurrency out there saw their prices fall Wednesday following the news of China reconfirming its ban on the crypto services for its financial …
Pioneering China Real Estate Billionaire Zuo Hui Dies At 50; KE Plunges
China today lost the billionaire entrepreneur who pioneered modern brokerage services for millions of home buyers in the world’s largest residential real estate market. KE Holdings announced that …
China Unicom (00762) gains 6.713m 5G subscribers in Apr
Limited (00762) said for April 2021, it had 309.478 million mobile billing subscribers. The net addition was 0.185 million. Out of the mobile billing subscribers, there were 98.565 million 5G …
Pentagon needs smarter shoppers to outpace China
China is continuing to close the technology gap, in large part through stealing intellectual property from U.S. private-sector firms.
Beijing’s Crypto Crackdown Is Not New but Don’t Dismiss It
China’s crypto crackdown looks largely the same as the previous warnings but has sharpened its focus in banks and payment companies.
China vows to curb inflation risks by tackling ‘malicious speculation’ in commodity markets
The State Council has promised tougher oversight of commodity markets and more domestic supply, fearful high raw material prices could eventually be passed through to consumers.
EU warns China: No business investment deal if sanctions remain
China imposed its sanctions after the EU sanctioned Chinese officials over human rights abuses in the Xinjiang region.
China overhauls its public health bureaucracy
On 13 May, it announced an overhaul of its public health bureaucracy, centered on the creation of a new national agency that will report directly to China’s State Council. On paper, at least, the new…
China, in global campaign, vaccinates its citizens in Thailand against COVID-19
BANGKOK: Chinese citizens living in Thailand started getting COVID-19 jabs on Thursday (May 20) as part of China’s global campaign to inoculate its nationals living and working abroad. The vaccines …
