China will mark the centenary of the founding of its ruling Communist Party on Thursday with pomp, spectacle, and what state media described as an “important” speech by President Xi Jinping in Beijing …
Monthly Archives For June 2021
Competition Is Good — Even With China
But rather than see competition with China as a zero-sum game, the United States could embrace a way of competing that spurs us to make investments in our people that we should have been making…
H&M Continues To Fail In China
H&M recently saw some of its products banned in China, but should the brand be more worried about its connection with China’s consumers?
After $4.4 bln New York IPO, founders of China’s Didi eye global growth
From working at a foot massage company to setting up China’s biggest ride-hailing firm, Will Wei Cheng has navigated several hurdles on the path to taking Didi Global Inc (DIDI.N) public in a …
Nayuki celebrates bubble tea IPO
Here’s the story of Nayuki — a Chinese bubble tea chain, that raised $650 million with its listing in Hong Kong.
Chinese major COVID-19 vaccine maker applies for IPO in Hong Kong
A nurse in Hohhot, Inner Mongolia Autonomous Region injects a women with COVID-19 vaccine. China has administered more than 1.01 billion doses as of June 19, according to data released by the National …
After $4.4 billion New York IPO, founders of China’s Didi eye global growth
From working at a foot massage company to setting up China’s biggest ride-hailing firm, Will Wei Cheng has navigated several hurdles on the path to taking Didi Global Inc public in a $4.4-billion New …
China pressure ‘undermining Australian universities’, report says
Chinese pro-democracy students in Australia experience harassment and fear punishment if they speak out on sensitive issues, a new report says. Human Rights Watch found such students feel surveilled …
Beijing Rail Transit Accepting Digital Renminbi Payments in Pilot Program
The Beijing Rail Transit has launched a pilot program that accepts the country’s CBDC for payments. The digital renminbi can now be used to pay for tickets on multiple railway lines.
Beijing subway network accepts digital RMB
Subway passengers in Beijing can pay their fares using digital renminbi (RMB) starting from Wednesday, according to the Beijing Municipal Commission of Transport. Digital RMB payment option is now …
Biggest China Bank Walks Away From $3 Billion Zimbabwe Coal Plan
China’s biggest bank has dumped plans to fund a $3 billion coal-fired power plant in Zimbabwe, in a blow to a two-decade effort to develop the project, according to a coalition of 32 environmental …
Slowdown in Earnings, Chief Executive Assures Beijing That Nike is ‘A Brand of China’
Nike recently held a conference call with Wall Street analysts about the company’s fourth-quarter earnings report. When asked about facing competition from …
China’s manufacturing softens in June amid export weakness
Growth in China’s manufacturing activity softened in June as export demand weakened and producers struggled with supply bottlenecks, a survey showed Wednesday. The monthly purchasing managers’ index …