The People’s Bank of China, the country’s central bank, released a development plan on Tuesday for the fintech industry between 2022 and 2025. Data-driven, smart, people-oriented, low-carbon, fair and …
Monthly Archives For January 2022
IGM Financial To Buy Power Corp. Of Canada’s 13.9% Stake In China Asset Management For C$1.15 Bln
IGM Financial Inc. (IGM.TO) said that its subsidiary Mackenzie Financial agreed to acquire Power Corporation of Canada’s (POW.TO) or …
Power Corporation Group of Companies Consolidates Interest in China Asset Management Co., Ltd. Under IGM Financial
Under the agreement, Power will sell its 13.9% ownership stake to Mackenzie Financial Corporation, a wholly owned subsidiary of IGM, for aggregate consideration of $1.15 …
China dive
At least that’s how I account for the recent flood of deep media dives on China technology issues. Megan Stifel takes us through a few. The first is a Washington Post article on China taking…
Chinese mainland reports 132 locally transmitted COVID-19 cases
A resident receives nucleic acid test at a testing site in Xincheng District of Xi’an, northwest China’s Shaanxi Province, Jan. 4, 2022. (Xinhua/Tao Ming) BEIJING, Jan. 6 (Xinhua) — The Chinese …
Humans of Beijing 2022: Teacher helps students in the south chase dream on ice
China aims to promote winter sports among students living in the south, where snow is rare. Qiu Hui has spent seven years teaching children skating. She helps them set their foot on the rink and…
China: Is it burdening poor countries with unsustainable debt?
Its loans to lower and middle-income countries have tripled over the past decade, reaching $170bn (£125bn) by the end of 2020. However, China’s overall lending commitments are likely to be …
Alibaba tops Greenpeace China e-commerce ranking for climate-related commitments, Pinduoduo comes last
Alibaba has pledged to to make its operations carbon neutral by 2030 and eliminate 1.5 gigatons of emissions across its entire business ecosystem by 2035 The companies’ climate commitments only cover …
Rotting fruit, sinking fortunes – Covid-19 curbs take their toll on China’s Myanmar border
Fruit exporters face ‘nearly impossible’ situation as trucks jam checkpoints, while shops and hotels on the Chinese side despair over lost business.
Beijing Is Intentionally Underreporting China’s Covid Death Rate (Part 2)
The Government Has Staked Its Political Legitimacy On Controlling The Virus” – a New York Times headline. (It is a battle Beijing cannot afford to lose.) …
Evergrande asks bondholders to postpone repayment
A troubled Chinese real estate developer with $310 billion of debt is asking investors in one of its bonds to postpone when they will be repaid.
China med-tech exports declined in 2021 as imports increased
China’s med-tech products exports declined in 2021 as manufacturing in other countries picked up, while med-tech imports to the country increased. In the first half of 2021, China’s med-tech exports …
Despite Ban in China, Hashrates Hit New Highs in the New Year
When this happened, Bitcoin hashrates plummeted to as low as 61 exahashes per second. By comparison, April 2021’s hashrate was over 190. Hashrate is the raw amount of computational power being …
