Some Chinese crypto holders remain undeterred even after a further government crackdown roiled markets last Friday.. Read more at straitstimes.com.
Monthly Archives For September 2021
Alibaba Offers WeChat Pay on Some Apps at Beijing’s Behest
Alibaba Group Holding Ltd. added rival Tencent Holdings Ltd.’s payment system to some of its apps, further widening cracks in the internet giants’ walled-off ecosystems.
China, NATO officials discuss Afghanistan, regional tensions
China’s top diplomat has held a virtual meeting with NATO’s chief to discuss the situation in Afghanistan, amid longstanding disagreements between Beijing and the U.S.-led alliance over regional …
Moody’s Analytics: China’s property market too big to fail
Moody’s Analytics expects China to make every effort to avoid a hard landing as it seeks to tame the housing market while financing pressure on developers has mounted.
Evergrande risks rub up against China’s attempts to rein in property sector
Metrics introduced to cap debt ratios show Beijing’s aim of restructuring the market, but Evergrande’s staggering debts may force the government to shore up the sector.
World Bank cuts Asia growth outlook, calls for virus action
The World Bank has cut its economic growth forecast for developing countries in East Asia due to the impact of the coronavirus’s delta variant …
CHINA IMPORT EXPORT BANK
Export bank granted loans worth almost $120 billion to the developing countries of Asia-Pacific regions. But the question arises: what is the intention behind providing these loans? “The inclusion of …
China defends visa curbs against stranded Indians, calls it ‘appropriate’ to contain COVID-19
Indian ambassador to Beijing Vikram Misri expressed “disappointment” over China’s reluctance to permit the return of thousands of stranded Indian students, employees and their families due to the COVI …
UN-Habitat, Shenzhen team up to study urban development
The United Nations-Habitat Programme teamed up with the city of Shenzhen on Monday on ways cities can innovate in their development. “A Virtual Expert Group Meeting on Culture, Creativity and Urban …
Pakistan flag returned from space journey handed over to Pakistan Embassy in Beijing
Pakistan national flag that was carried to China space station onboard the Shenzhou-12 spacecraft was handed to the Embassy of Pakistan at a special hatch-opening ceremony held here at the China …
Goldman cuts China’s growth forecast, citing power crunch as ‘yet another growth shock’
The Wall Street banking giant expects China’s economy to grow 7.8% in 2021 compared with a year. That’s lower than its previous forecast for an 8.2% expansion.
China lets US siblings return home after three years
Two American siblings banned from leaving China for the last three years have been allowed to go home. Cynthia and Victor Liu, along with their mother, were accused of “economic crimes” while on a …
China energy crunch triggers alarm, pleas for more coal
As a severe power crunch roils China’s northeastern industrial heartland, senior officials face mounting pressure from alarmed citizens to ramp up coal imports thick and fast in order to keep lights …
