China has become the second-largest contributor to the system of development banks.. Read more at straitstimes.com.
Monthly Archives For November 2021
China’s embattled Huarong secures US$6.5 billion investment
Chinese state-owned asset manager China Huarong Asset Management said on Wednesday it will receive fresh capital worth 42 billion yuan (US$6.59 billion) from a state consortium led by Citic Group as …
Pressure mounts on Beijing Winter Olympics as Chinese tennis star disappears
A growing number of athletes and politicians have raised questions about Chinese tennis champion Peng Shuai, who hasn’t been seen since she accused a senior Communist Party leader of sexual assault, …
Crypto news services in China appear unavailable
News sites such as ChainNews – one of China’s largest crypto information sites – and Odaily, a crypto and blockchain outlet, have become inaccessible following the nation’s ban on cryptocurrency.
Govt plans to tighten crypto regulation to deter investors from holding them: Report
The govt could allow only those that have been pre-approved by it to be listed and traded on exchanges — an intentionally cumbersome process, sources tell Reuters …
Report: US Planning Diplomatic Boycott of 2022 Beijing Winter Olympics
In protest against China’s human rights practices, the United States is strongly considering not sending a diplomatic delegation to the opening of the Beijing Winter Olympics in February next year, …
Philippines Warns China of U.S. Defense Treaty After Water Cannon Fired at Filipino Boats
Chinese coast guard water-cannoned Philippine supply ships at the disputed Second Thomas Shoal, prompting Filipino officials to remind them of a U.S. treaty.
Doubts over China tennis star’s email raise safety concerns
A Chinese professional tennis player not seen in public since she accused a former top government official of sexual assault purportedly sent an email claiming she was safe and that the allegation was …
Alibaba Stock Slides After Q2 Revenue Miss As Beijing Crackdown Bites
Alibaba missed Street sales forecasts for the first time in two years last quarter as Beijing’s ongoing crackdown on the tech sector continues to bite.
Report shows China’s growing clout at World Bank, global institutions
With over $66 billion in total capital, China has passed Japan to become the second largest contributor to the system of development banks that provide some $200 billion in subsidized loans to poor …
People’s Bank of China: Reversal repurchase agreements worth USD7.8B
(MENAFN) On Thursday, Nov.16 People’s Bank of China used reversal repurchase agreements to infuse about USD7.8 billion further into banking industry. According to China’s central bank, the cost of …
Microsmallcap.com: Blockchain Technology Transforming Metals and Mining Supply Chains
The MineHub platform has already helped some of the world’s largest mining and steel companies BHP Group, Vale and China Baowu complete iron ore transactions through its blockchain-based platform.
China is leading the retail revolution, but can it change the way the world shops?
So what will China’s “retail revolution” bring to the rest of the world? Here are five concepts for global consumers to be on the lookout for …
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