Moody’s said American importers absorbed more than 90% of additional costs resulting from the 20% U.S. tariff on Chinese goods.
Monthly Archives For May 2021
China divorces drop 70% after controversial ‘cooling off’ law
The number of divorces in China dropped more than 70% in the first quarter of this year, after a controversial law forcing a “cooling-off period” for couples came into effect. According to data …
Censorship, Surveillance and Profits: A Hard Bargain for Apple in China
Apple built the world’s most valuable business on top of China. Now it has to answer to the Chinese government.
How Covid-19 helped China boost its soft power in mainland Southeast Asia
The pandemic provided Beijing a window of opportunity to boost its influence in countries such as Cambodia, Thailand and Myanmar.
China removes at least five officials from posts amid resurgence of COVID-19 cases
China is tackling a resurgence of COVID-19 cases, with local governments taking vigorous measures by removing at least five Chinese officials from Northeast China’s Liaoning and East China’s Anhui …
Shenzhen bourse: Publicly offered funds draw more investors in 2020
Investors who buy publicly offered funds accounted for 67.1 percent of overall investors in 2020, up 21.3 percent over 2019, the Shenzhen Stock Exchange said based on its 2020 Individual Investors …
China Mobile Board Approves Shanghai Exchange Listing Plan
China Mobile Ltd., the country’s largest wireless carrier, has announced a plan to list in Shanghai after being removed from the New York Stock Exchange due to an investment ban ordered by former U.S.
US Senate advances bill to fund tech development to counter China
Endless Frontier Act would fund development of technologies such as AI and semiconductors, in a bid to stay ahead of China in tech.
Global Banks Losing Share in China’s $186 Billion Loan Market
Global banks are losing share in the $186 billion lending market for Chinese borrowers offshore, falling behind local rivals boosting their presence just as the nation’s corporate sector recovers from …
Nine in 10 Chinese family business operators expect to report growth next year, PwC poll finds
About 89 per cent believe they could report growth in 2022, compared with 83 per cent in Hong Kong and 86 per cent globally.
Hong Kong’s index rises for the third day on hope that reopening of Shenzhen border would extend lifeline to local economy
Hong Kong’s economy expanded 7.9 per cent in the first quarter, at a faster rate than expected. An opening of the city’s borders with Shenzhen would allow more people to visit the city, extending a…
Olympic Committee Slaps New Human Rights Rules on Paris, L.A. That Won’t Apply to Beijing
Beijing doesn’t have human rights requirements like future Olympic host cities Paris and Los Angeles, which are scheduled to host the 2024 and 2028 Summer Olympics, respectively.
Cloud becomes new front line between China and the west
Saudi Telecom, the Gulf state’s largest telecoms group, announced a partnership with China’s Alibaba Cloud to help the kingdom build its cloud computing infrastr …
