Two Chinese state investors plan to sell a combined 98.78% of their stakes in Dajia Insurance Group, the revamped entity of embattled Anbang Insurance Group, for 33.6 billion yuan ($5.19 billion), …
Monthly Archives For July 2021
China puts controlling stake of revamped Anbang on the block for $5.2 bln
Two Chinese state investors plan to sell a combined 98.78% of their stakes in Dajia Insurance Group, the revamped entity of embattled Anbang Insurance Group (ANBANG.UL), for 33.6 billion yuan ($5.19 …
China science, technology news summary — July 17
Its first flight mission was a complete success. Developed by the China Aerospace Science and Technology Corporation, the reusable suborbital carrier can be used in the space transport system. A …
Beijing’s crackdown spells tough times for Tencent-backed Yuanfudao, other off-campus tutoring providers
Beijing’s scrutiny of the US$112 billion off-campus tutoring market has prompted some firms to realign their operations, while others explore prospects in overseas markets.
China Wants a Chip Machine From the Dutch. The U.S. Said No.
The Biden administration, continuing a Trump policy, seeks to stop ASML from selling China machines crucial to advanced microprocessors.
Increase witnessed in China’s weekly export container shipping index
The Shanghai Shipping Exchange said that the Chinese index of export container transport soared last week concluding Friday. The exch …
China’s Q2 economy growth shows a more balanced recovery
China’s second-quarter economic expansion receded from a staggering 18.3 percent jump in the first three months of the year, with the economic recovery more balanced across sectors. The world’s second …
Beijing and HK officials hit back at US
Beijing and top Hong Kong officials on Saturday hit back at the the US government for imposing sanctions on Chinese officials over Beijing’s …
China Development Bank issues 10 bln yuan of green bonds
The China Development Bank has issued 10 billion yuan about 155 billion US dollars of green finance bonds to global investors …
China-US relations: Beijing threatens to deal ‘head-on’ blow after latest sanctions over Hong Kong
Washington accused of making ‘unprovoked smears’ after it warns businesses of heightened risks of operating in the city.
Big SETBACK to China: India’s export to US sees HUGE uptick this year—Mansi Dave lists shares that are poised to BENEFIT
India’s textile export to the United States has seen a huge uptick. India exported maximum 46.5% textile to the US only in first five months this year. Talking about this development, news anchor and …
Hacker Group Anonymous Launches New Crypto Asset, Cites Elon Musk and China As Cause for Coin’s Creation
An infamous hacker group known as Anonymous is launching its own crypto asset in response to actions from China and tech billionaire Elon Musk.
China takes a step towards developing space plane with test flight hailed as symbol of country’s rise as a ‘space superpower’
Friday’s test of an experimental vessel is a step towards the development of a hypersonic vehicle that could reach any corner of the earth within an hour.
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