Hong Kong cyber activists are backing up articles by pro-democracy tabloid Apple Daily on censorship-proof blockchain platforms after the newspaper was forced to shut down as it became embroiled in a …
Monthly Archives For June 2021
China Evergrande’s creditor Minsheng Bank pares loans to developer amid concerns about leverage, default
China Evergrande’s top creditor has trimmed its loans to the nation’s most-indebted developer to assuage investors, a sign lenders have started to raise their guard against default risks.
China plans to send its first crewed mission to Mars in 2033 and build a base there
Space is an area China wants to lead as part of a broader technology battle with the U.S. NASA plans a crewed mission to Mars in the 2030s.
Benigno Aquino III, Former Philippine President Who Resisted China, Dies at 61
Former Philippines President Benigno Aquino III, who belonged to one of the country’s most prominent political families and during his term pushed back against China’s expansive claims in the South …
China’s central bank issues 5 bln yuan of bills in Hong Kong
China’s central bank issued 5 billion yuan (about 771.32 million U.S. dollars) worth of bills in Hong Kong on Thursday. The bills will mature in six months, with the interest rates standing at 2.54 …
China’s Debt Reckoning Hammers ‘Too Big to Fail’ Borrowers
Concern over the scale of China’s resulting debt mountain and the possibility of a “Minsky moment” prompted Xi to launch a deleveraging campaign in 2017, before shelving it during the trade war with …
China Says It Will Take Necessary Measures to Safeguard Chinese Firms’ Interests
China said on Thursday that it would take all necessary measures to safeguard legitimate interests of Chinese companies after the United States blacklisted five Chinese firms over alleged human rights …
Sources: Hong Kong delivery service Lalamove files for $1b US IPO
Also known as Houlala in China, Lalamove currently has more than 700,000 driver-partners in 20 countries across Asia, Latin America, and the US.
China May Open Up to More Foreign Cotton After Xinjiang Ban
China looks likely to allow more cotton imports than usual this year after a U.S. ban on fiber from Xinjiang spurred some Western retailers to avoid material produced from the controversial region.
China’s central bank conducts 30 bln yuan of reverse repos
China’s central bank Thursday conducted 30 billion yuan (4.63 billion U.S. dollars) of reverse repos to maintain reasonably ample liquidity in the banking system. The interest rate for the seven-day …
U.S. bans imports of solar panel material from Chinese company
The Biden administration on Wednesday ordered a ban on U.S. imports of a key solar panel material from Chinese-based Hoshine Silicon Industry Co over forced labor allegations, said two sources briefed …
Mining bitcoin could be about to get a whole lot easier after China’s crypto crackdown
According to reports, more than 90% of China’s bitcoin mining capacity is estimated to be shut down. Though it may not be good news for bitcoin miners in China, others could stand to benefit. With…
China’s crypto-miners look abroad as regulators tighten noose
A prefecture in northwestern China’s Xinjiang region ordered a halt on cryptocurrency mining projects this month.
