It is nearly two years since the virus was first detected in the Chinese city of Wuhan, yet the question of how it first emerged remains unclear …
Monthly Archives For October 2021
Xi Jinping’s Evergrande dilemma has repercussions far beyond China
Since coming to power, Chinese president Xi Jinping has had to deal with three overriding priorities. First, a domestic economy that is both slowing and increasingly unequal. Second, an adversarial …
China’s central bank says Evergrande risks ‘controllable’
China’s central bank says financial risks from China Evergrande Group’s debt problems are “controllable” and unlikely to spill over, amid growing investor concerns that the crisis could ripple through …
China consolidates itself as the second destination country for Chilean fresh fruit
According to the president of the Association of Fruit Exporters of Chile AG (ASOEX), Ronald Bown Fernandez, Chile exported a total of 2,567,717 tons of fresh fruits in the 2020/2021 …
Tightfisted consumers are becoming a worry for China’s economy
As the pandemic ravaged the economy and disrupted lives, the group, named “Have you downgraded consumption today?” has seen its number of users double to 300,000 in a year. China has pegged its …
China cuts independent refinery oil import quotas for first time since 2015
China has issued a new batch of oil import quotas for independent refiners for 2021 that show total annual allowances were lower than last year, a first reduction of import permits since these firms …
Escalation and transformation in the fruit wholesale market in China
The Covid-19 pandemic has been a challenge for the global fruit industry for almost 2 years now, and the global shipping capacity remains the big problem to fruit traders. There have …
Record-Setting Rivian IPO Could Spark More VC Investment Into Red-Hot EV Sector
Electric-truck maker Rivian filed paperwork to go public earlier this month, and is expected to be the largest IPO of the year. That’s especially significant given that Rivian is a pre-revenue company …
China fortifies three military airbases facing Taiwan
China has expanded and upgraded three military air bases on its southeast coast, just across from the self-governed island of Taiwan, adding to concerns that Beijing is preparing to go to war to …
Evergrande fallout is ‘controllable,’ China’s central bank says
Authorities in Beijing and local governments in provinces around the country are resolving the situation based on “rule-of-law principles.” …
China cbank official says spillover effect of Evergrande’s debt woes is controllable
The spillover effect of China Evergrande Group’s debt problems on the banking system is controllable and individual financial institutions’ risk exposures are not big, a central bank official said on …
BIT Mining’s Subsidiary BTC.com to Exit Mainland China
The announcement comes shortly after Antpool, the largest bitcoin mining pool by hashrate, said it will block internet access from mainland China.
US rejoins the UN Human Rights Council, paving way for further tension with Beijing
The United States gained a seat on the United Nations Human Rights Council on Thursday paving the way for further confrontation expected between Washington and Beijing over governance, values and …
