The new regulations are likely to curb domestic technology giants from growing even bigger through acquisitions, according to people familiar with the issue.
Monthly Archives For January 2022
Top Carmaker Shutdowns Hint More to Come in Covid-Zero China
China’s zero tolerance approach to Covid has idled Toyota Motor Corp. and Volkswagen AG factories — a troubling sign for global carmakers as the omicron variant begins to spread in the world’s biggest …
China’s Xiaomi in tax evasion tussle in India
India’s Finance Ministry has alleged Chinese technology and smartphone maker Xiaomi Technology has evaded customs taxes worth US$87.8 mi …
China GDP: headwinds from coronavirus, property market slump see provinces lower economic growth targets for 2022
The provinces of Zhejiang, Anhui, Chongqing, Sichuan and Hunan this week lowered their economic growth targets for 2022 The less ambitious goals underscore the challenges facing China’s economy, …
Weibo users are backing Beijing’s claim that it received Omicron via Canadian mail, saying an ‘ugly nation’ sent them ‘poison’
Tensions between China and Canada have ratcheted up since 2018 when Canada detained Huawei executive Meng Wenzhou on suspicion of violating US trade sanctions.
EXCLUSIVE China drafts rules to ease property developers’ use of escrow funds – sources
China is drafting nationwide rules to make it easier for property developers to access pre-sale funds held in escrow accounts, in its latest move to ease a severe cash crunch in the embattled sector, …
Ex-PBOC Official Says China Has Small Window for Policy Easing
China’s central bank has only a few months to ease monetary policy to spur the economy while preventing excessive credit flowing into the property sector, a former central bank official said.
Olympic athletes worry about Internet access in China, told to leave phones at home
Beyond Omicron and gold medal tallies, Olympic athletes arriving in China’s capital for the Winter Games next month may have one more thing to worry about: is it safe to access the internet?
Upward trend in Pakistan’s exports to China encouraging
Bilateral trade between China and Pakistan, as well as Pakistan’s exports to China, hit record levels in 2021, China-Pakistan economic …
China’s Covid Approach Gets Weaker With Every Omicron Case
China, where the pathogen first emerged, exists in an alternate reality, wedded to a zero-tolerance strategy that’s growing harder to maintain.
Chinese HiPhi EV Maker Weighs $500 Million Hong Kong IPO
A Chinese electric-vehicle maker, whose top-end HiPhi sport utility vehicles come with a price tag of as much as 800,000 yuan ($126,000), is considering a Hong Kong initial public offering as soon as …
Landmark Cars aims to file DRHP for IPO with Sebi this week
Car dealership chain Landmark Cars aims to raise more than ₹750 crore from the primary markets in what would likely be the biggest car retailer listing on D-street through an initial public offering ( …
China capable of maintaining safe, orderly Spring Festival travel rush amid COVID-19 pandemic
With imported outbreaks of the Delta and Omicron strains unfolding, China faces grim challenges when it comes to maintaining a safe and orderly Spring Festival travel rush as the annual migration is …
