China’s new rules forbidding under-18s from playing videogames for more than three hours a week knocked shares in Tencent, while young players took to social media to express their outrage.
Monthly Archives For August 2021
China-Australia trade: iron ore miner Fortescue set earnings, shipment records in past financial year
Australian governments and shareholders get rich from iron ore exports to China while traders in other industries struggle to find alternative markets for their banned goods.
Covid-19 Delta Variant Pummels China’s Services Sector
China’s services sector suffered an unexpectedly severe blow in August as a wave of coronavirus infections sparked new lockdowns across the country.
New Threat! Knocking of another infectious variant of corona, vaccine will also not work
Many countries in the world are still suffering from the corona. On the other hand, the possibility of a third wave in India is also being expressed. ..|News Track …
China’s oil demand recovers as COVID impact eases, more quotas eyed
China’s demand for spot crude appears to be recovering after nearly five months of slower purchases caused by a shortage of import quotas, drawdowns from high inventories and COVID-19 lockdowns that …
NBS: China Aug manufacturing PMI down 5th month to 50.1
By August, the Purchasing Managers’ Index (PMI) for China’s manufacturing industry had slipped for the fifth consecutive month, down another 0.3 basis point on month …
China to halt more tech companies’ overseas IPO
In another blow to tech companies, China plans to block overseas listing attempts by those holding large amounts of sensitive user data.
S. China’s Shenzhen to increase penalty for illegal installation of cameras, face-recognition systems
Shenzhen in South China’s Guangdong Province will increase penalties for illegal installation of cameras and face recognition systems with the maximum fine of 50,000 yuan ($7,732.04) for individual …
Tencent and NetEase shares fall over 3% after China tightens gaming rules for kids
China’s latest rules will allow kids under 18 years old to play online games for only three hours a week and only during specific times.
China’s biggest air show to highlight homegrown technology
China’s biggest air show will put its homegrown civil and military aviation technology on display next month, the mayor of host city Zhuhai said on Tuesday, though the closely watched C919 narrowbody …
China Construction Bank boosts inclusive loans in H1
The China Construction Bank CCB one of the country largest state-owned commercial banks saw its inclusive loans hit 171 trilli …
China’s services activity contracts for the first time since early 2020, official data shows
The National Bureau of Statistics said the non-manufacturing Purchasing Managers’ Index (PMI) fell to 47.5 in August, down from 53.3 in July.
China’s half-price tech stock sale: why it’s time to buy
A crackdown on tech by Beijing has sent shares tumbling but profits are still growing Chinese technology stocks have plummeted after a crackdown by Beijing, but low prices for profitable and …
