China’s steady jobless rate is masking pain in the labor market that leaders will find hard to ignore as they look to stimulate the economy in a crucial political year. Alternative indicators and …
Monthly Archives For January 2022
Most impressive FIG issuer: Bank of China
As a leading Chinese financial institution and one of the savviest issuers from the country, Bank of China made the most of different pockets of liquidity it had available during China’s awards …
China-Backed BSN to release infrastructure this month to support NFTs: Report
The move by Blockchain Services Network is aimed at creating a Chinese NFT industry with no link to cryptocurrencies.
Chinese restaurant supplier Meicai cuts 40% more jobs ahead of Hong Kong IPO: report
Meicai, a Chinese app that supplies farm-to-table produce for restaurants, is starting a new round of layoffs which will affect around 40% of the company’s workforce, Chinese media outlet iFeng …
US complains about China canceling flights over COVID-19 concerns
The United States said on Wednesday that China’s decision to cancel flights amid COVID-19 concerns were “inconsistent with its obligations” under an agreement between the two countries. Some …
US monitoring China’s COVID-19 lockdown, sees likely economic impact: White House
The United States is monitoring the lockdowns imposed in the central Chinese city of Anyang and assesses that they are likely to have an impact isolated to the Chinese market, US National Economic …
China to create own NFT industry based on state-backed blockchain infrastructure, main developer says
The BSN-Distributed Digital Certificate does not support crypto-transacted NFTs, and will allow businesses and individuals to build apps and portals to manage tokens The new infrastructure has the …
Bitcoin price LIVE – Crypto could pass $100,000 in value after recovery sees it pull away from ‘death cross’
BITCOIN is bouncing back after a massive crash in recent days, with some experts especially bullish on its potential. Some experts think the cryptocurrency could hit a target value of $100,000 …
China’s zero-Covid strategy hurts consumer spending more than manufacturing
Manufacturers are less affected by city lockdowns since factories are typically spread out in suburban industrial parks, according to an economist at the EIU.
CUHK Business School Research Finds the Rise of Rail Along China’s Belt and Road Stimulates the Maritime Freight Market and Local Economies
“As China continues the rapid development of its high-speed rail … the two modes of transport operate in a way that is complementary to each other. CUHK Business School comprises two schools – …
Sequoia Capital China Snatches South Korean Brand We11done
At the same time, 60 percent stake of the brand’s operator Rare Market was reportedly sold to Sequoia Capital for $84 million.
Market exchange rates in China — Jan. 13
The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day. The central…
China reports 190 new coronavirus cases in mainland
China reported 190 new confirmed coronavirus cases for Jan 12, down from 221 a day earlier, its health authority said on Thursday (Jan 13). . Read more at straitstimes.com.
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