China moved on Tuesday to tighten control of its technology sector, publishing detailed rules aimed at tackling unfair competition and companies’ handling of critical data.
Monthly Archives For August 2021
China holds assault drills near Taiwan after ‘provocations’
China carried out assault drills near Taiwan on Tuesday with warships and fighter jets exercising off the southwest and southeast of the island, in what the country’s armed forces said was a response …
Technology Stocks Fall as China Issues Draft Competition Rules
A wave of selling in China’s bellwether technology stocks continued for a fifth day, following Beijing’s latest move to tighten its grip on the nation’s internet giants.
AI Firm SenseTime Said to Tap HSBC For $2 Billion Hong Kong IPO
SenseTime Group Ltd., China’s largest artificial intelligence company, is working with HSBC Holdings Plc to arrange its planned Hong Kong initial public offering that could raise at least $2 billion, …
More expats in China receive COVID-19 vaccines
“We brothers have both administered Chinese vaccines although we are in different countries,” he said. Usama Kalim is also a young director and has made many documentaries about China. Recently, a …
Latest COVID-19 wave in China hits film industry once again
Summer holidays have always been a good time for movie going and thus the film industry in China, but the latest wave of COVID-19 infections in the country is causing some headaches for the cinemas.…
China may exploit Afghanistan’s rare earths, and the world must keep Beijing in check, says analyst
Rare earth metals in Afghanistan were estimated to be worth anywhere between $1 trillion and $3 trillion. In the aftermath of the chaos this week, China was already appearing to be gearing up to warm…
Coronavirus latest: China’s Sinovac jab leads to higher risk of facial paralysis
Officials were also concerned about fragments of the virus that causes Covid-19 found in a sewage treatment plant in an area where coronavirus cases were previously unknown. “This detection is of …
Proudly made in China: How Chinese consumers are reclaiming domestic brands
Made in China’ is no longer the embarrassing slogan it once was; nowadays it expresses confidence in China’s culture, and reflects the nation’s growing economic power.
China stocks fall on weak economic data; tech shares drag Hong Kong index
China shares fell on Tuesday, as lower-than-expected economic data weighed on sentiment, while Hong Kong stocks dropped on Beijing’s latest crackdown on internet sector. ** The CSI300 index fell 0.4% …
China’s Hubei reports 3 locally transmitted confirmed COVID-19 cases
WUHAN – Central China’s Hubei province reported three new locally transmitted confirmed COVID-19 cases on Monday, the provincial health commission said Tuesday. All the locally transmitted confirmed …
Central bank’s Shenzhen branch clamps down on crypto token transactions
China’s central bank, has undertaken a campaign to crack down upon illegal crypto token transactions, targeting 11 new companies that are suspected of engaging in illegal crypto token activities, the …
Chinese tech shares drop after Beijing tightens competition rules
Chinese internet groups fell after the country’s market regulator said it would tighten antitrust and data restrictions on platforms, marking the latest stage of Beiji …
