Power shortages, higher prices for commodities, and cuts to production forced on businesses all took their toll on the Chinese economy last month, pushing it deeper into contraction.
Monthly Archives For October 2021
A top crypto exec shares why GameFi is so hot right now – and lists 2 reasons why play-to-earn-games like Axie Infinity are taking the market by storm
Huobi, which was founded in China in 2013, no longer operates in its country of origin. The exchange is now looking to expand its presence in countries with high crypto adoption rates and a large…
Chinese bank earnings spared from property distress as Evergrande and troubled peers pose threats to loan quality
Chinese banks reported a strong set of third-quarter operating results, evading a distress among mainland property developers as the industry hit a rough patch. More tests await in the coming months …
Global Political Calendar: World leaders at COP26, China holds CIIE
In the upcoming week, the UK city of Glasgow will host the 26th United Nations Conference of Parties on Climate Change (COP26) and China will hold the fourth China International Import Expo (CIIE) in …
Has crypto adoption gotten too widespread to be ignored by policy?
Chainalysis, the blockchain data platform says crypto adoption grew by 881 percent as of August 2021, over the previous 12 months. And India along with Vietnam ranked as one of the fastest-growing …
China’s Popular Electric Vehicles Have Put Europe’s Automakers on Notice
By selling battery-powered S.U.V.s and luxury sedans in places like Germany and Norway, China is striving to become a force in the global auto industry.
Thailand reopens, Kakao Pay IPO and Indonesia GDP
As the new month starts, Thailand is ready to open borders to vaccinated international travelers in the hope of reviving its vital tourism sector. The industry has been battered by the prolonged …
Is it worth doing business with China?
But is doing business with China worth it? China may be one of America’s biggest trading partners, but China is costing us trillions of dollars a year. Along with its cheap products, China is the…
PMI suggests China’s factory activity shrinking
New figures from China’s National Bureau of Statistics suggest factory activity there is slowing. The Purchasing Managers’ Index for October fell to 49.2, a 0.4 percentage-point drop from September.
China’s Xi Calls For Mutual COVID Vaccine Approvals
China’s president, Xi Jinping, has called for mutual recognition of COVID-19 vaccines based on the World Health Organization’s emergency use list, according to a transcript of his remarks delivered to …
Covid live news: Russia reports record new cases; China rejects US intelligence report on virus origins
Rachel Hall Russia on Sunday reported 40,993 new Covid-19 infections, its highest single-day case tally since the start of the pandemic. The country’s coronavirus task force also reported 1,158 …
(CIIE) Import Expo golden chance for Pakistani businessman
With the 4th China International Import Expo CIIE slated to take place in Shanghai Pakistani businessman Habib Ur Rehman spent …
Why Elderly Content Is Trending in China
For this year’s Double Ninth Festival on October 14, a clear trend had many brands showcasing how their products could directly benefit aging consumers.