Some employees at TikTok-owner ByteDance were shocked to find their August paychecks slashed 17% after the company ended its policy of requiring its China-based staff to work a six-day week every …
Monthly Archives For September 2021
China’s SMIC to invest $8.87 bln for new chip plant in Shanghai
China’s Semiconductor Manufacturing International Corp (0981.HK) will invest $8.87 billion to build a chip plant in Shanghai, it said on Friday, expanding capacity amid a global chip shortage as …
China’s ‘baseless’ challenge to US solar panel tariffs rejected by WTO
Then-president Donald Trump announced four years of import caps and tariffs on solar panels in January 2018, but China did not establish the safeguards were inconsistent with World Trade Organization …
China will create a stock exchange in Beijing
China will set up a new stock exchange in Beijing, giving the nation’s capital and political center more influence in the world of business and finance. President Xi Jinping announced the …
China has supplied 1 bln COVID-19 shots to the rest of the world, says official
China has supplied 1 billion doses of COVID-19 vaccines to the rest of the world, Zheng Zhongwei, an official at the National Health Commission said on Friday.
China administered total of 2.085 bln doses of COVID-19 vaccines as of Sept 2
China administered about 8.2 million doses of COVID-19 vaccines on Sept. 2, bringing the total number of doses administered to 2.085 billion, data from the National Health Commission showed on Friday.
Nepali handicraftsmen look forward to expanding export to China in post-pandemic era
Rajesh Shakya, a Nepali handicraft trader, has seen a significant drop in handicraft export to China due to the COVID-19 pandemic, while the northern neighbor remains the top export destination for …
HSBC’s CEO Has His Eye on China Wealth Beyond Xi’s Crackdown
As part of the latest push into Asia, the bank is plowing billions of dollars into wealth services in China. HSBC has hired 600 wealth managers …
US and China are now battling for control of the world’s big-data monsters and dragons – and it’s not about money
As the tech war between the United States and China heats up, the political controversy between who ought to own and control ‘big data’ has similarly ignited, and is now about to land a bombshell…
Evergrande: China’s fragile housing giant
Chinese housing giant Evergrande is one of the country’s largest and most indebted private conglomerates, teetering on the brink of bankruptcy after years of rapid growth and a buying spree. Crippled …
China has supplied 1 billion COVID-19 shots to the rest of the world, says official
China has supplied 1 billion doses of COVID-19 vaccines to the rest of the world, Zheng Zhongwei, an official at the National Health Commission said on Friday. Chinese President Xi Jinping said in …
The long arm of China’s new maritime law risks causing conflict in far-off waters
Beijing wants foreign vessels to give notice before entering “Chinese territorial waters,” providing maritime authorities with detailed information — including the ship’s name, call sign, current …
Steelmaking raw materials decouple under China’s influence
The price of the steelmaking ingredients that generate billions of dollars of profit for the world’s biggest miners have diverged sharply, underscoring China’s grip on global commodity markets and …
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