Investors in Chinese companies have been caught off guard by Beijing’s actions against homegrown tech giants, including comments on overseas-listed shares.
Monthly Archives For August 2021
Australia chides China over journalist’s yearlong detention
The Australian government said Friday that it remained seriously concerned about the welfare of a Chinese-born Australian journalist a year after she was first detained in China. Foreign Minister …
China’s outstanding total social financing up 10.7% y/y at end
China’s outstanding total social financing (TSF), a broad measure of credit and liquidity in the economy, rose 10.7% to 302.49 trillion yuan ($46.6 trillion) at the end of July from a year earlier, …
Economic Watch: Green finance high on China’s agenda to achieve carbon neutrality
The timely loan is just one example of China’s booming green finance services. The Industrial Bank has been looking to green finance for a decade and a half, and was the first in China to…
2021 first-half investment in crypto surpasses 2020 record –KPMG
Investment in blockchain and crypto in the first half of 2021 was more than 100 per cent of all investments in blockchain and crypto in 2020. This was disclosed in KPMG’s ‘Pulse of Fintech H1’21’…
China Cranks up Carbon-Intensive Projects as Climate Crisis Grows, Research Shows
China announced scores of new carbon-intensive coal and steel projects in the first half of 2021, research showed on Friday just days after a key U.N. report urged immediate global action to curb use …
Global trade fears as Covid hits major China port
The partial closure of one of China’s biggest cargo ports due to the coronavirus has raised fresh concerns about the impact on global trade. Services were shut on Wednesday at a terminal at …
China insists that Covid-19 origin be searched for in other countries
China insisted Friday on expanding the search for the origin of the SARS-CoV-2 coronavirus to other countries, reiterating that the Wuhan lab-leak theory is extremely unlikely and rejected politicizat …
Beijing has denied taking political hostages. Experts say the fates of two Canadians suggest otherwise
After spending nearly 1,000 days in a Chinese jail cell, Canadian businessman Michael Spavor has finally received his court verdict — yet there is still no clarity on how much longer he will actually …
Beijing rejects need for further Covid origins probe
Beijing on Friday rejected the World Health Organisation’s calls for a renewed probe into the origins of Covid-19, saying it supported “scientific” …
China puts growth ahead of climate with surge in coal-powered steel mills
China’s expansion of coal-powered steel mills accelerated sharply in the first half of 2021, exposing the government’s reluctance to sacrifice industry-fuelled growth to achieve its climate goals.
China’s CATL looks to raise $9 bln to expand lithium-ion battery production
Chinese battery giant CATL (300750.SZ) said it was planning a private share placement to raise up to 58.2 billion yuan ($8.98 billion) to fund six projects aimed at boosting its production capacity of …
China’s Nio plans new brand to take on Tesla in the mainland
Chinese carmakers are stepping up their efforts to dethrone Tesla as the US carmaker battles a string of scandals.
