China imported 111,432 tonnes of steel scrap in May, surpassing the total of 109,978 tonnes of its imports of the steelmaking raw material in the first four months of 2021, according to the latest …
Monthly Archives For June 2021
Explainer: Beijing doubles down on rooting out crypto in China
China’s central bank said on Monday it had urged some banks and payment firms to crack down harder on cryptocurrency trading, in the latest move by Chinese authorities to stem the use of digital coins…
ByteDance founder donates $77 million amid China billionaires’ charity rush
The founder of TikTok owner ByteDance will donate 500 million yuan ($77.35 million) to the southeastern Chinese city of Longyan for education, the city government’s education bureau said on Tuesday.
China’s $113 Billion Green Bonds Caught In Jumble of Rules
Fund managers are increasingly grappling with fragmented policies in China’s $113 billion green bond market that can make it hard to assess just how much of that money is going to projects to help the…
Chinese Edtech Startup Huohua Siwei Eyes USD100 Million Nasdaq IPO
Chinese tutoring platform Huohua Siwei is planning to raise USD100 million from its initial public offering on the Nasdaq. The company, also known as Spark Education, would use 40 percent of the money …
China’s regulators struggle to sway companies on currency risk
China’s financial regulators are cajoling companies to protect themselves against currency risks as the central bank gradually loosens its reins on the yuan, but are struggling to convince local …
Brazil hopes to expand fresh fruit exports to China
Brazil hopes to expand its fresh fruit exports to China by adding several of its leading products, Brazilian Agriculture Minister Tereza Cristina said on Monday. In an interview with the foreign press …
China’s Economic Reckoning
China, according to this view … a necessity if they were to graduate from manufacturing basic goods for export to running global businesses. And invest they did, with outward foreign direct …
The Robber Barons of Beijing
Even giant multinational corporations such as McDonald’s were not spared; at one point, local agencies slapped its restaurants in Beijing with 31 fees, most of them illegal. In the countryside, such …
China tells banks to stop supporting cryptocurrency
The value of the cryptocurrency has fallen by around 50% since hitting a record high above $63,000 in April. On Monday, China’s central bank, the People’s Bank of China (PBOC), said it had recently …
Pakistan PM Imran Khan refuses to condemn China’s Xinjiang crackdown after calling out global Islamophobia
Pakistani Prime Minister Imran Khan refused to condemn the Chinese government’s alleged human rights abuses against the Muslim-majority Uyghur people in Xinjiang in an interview with Axios Sunday.
Battlegrounds Mobile India found sending data of Indian players to servers in China
Battlegrounds Mobile India found sending data of Indian players to servers in China – Battlegrounds Mobile India is allegdedly sending data of Indian players to servers in China, including one that …
China science, technology news summary — June 22
The following is a summary of published science and technology news of China. DECLINING OXYGEN LEVELS. A Chinese research team has recently revealed t …
