Chinese shares slumped to nearly 16-month lows and the yuan fell against the dollar on Thursday as global investors worried that the U.S. Federal Reserve would move aggressively to curb inflation.
Monthly Archives For January 2022
Breakup Plans; China Property Stocks Tumble: Evergrande Update
Chinese authorities are considering a proposal to break up China Evergrande Group by selling the bulk of its assets, according to people familiar with the matter. Developer stocks slumped after two …
WTO: China can slap duties on $645m of US imports
The World Trade Organization handed a fresh victory to China, permitting it to slap duties on $645-million worth of US imports per year.
WTO allows China to impose retaliatory tariffs on US imports
This is the second time that China has won in trade retaliation against the US at the WTO. China was authorized the right to retaliatory tariffs of $3.58 billion annually against the US imports in…
Lifting travel ban would be ‘catastrophic’ for China: Covid-19 expert
Epidemiologist and senior adviser to Beijing Zeng Guang says the country must not ‘blindly’ follow a WHO recommendation to ease restrictions He recommends preparing the public psychologically for …
Magnet Giant DMEGC Bucks Shenzhen Downturn by USD621 Million Capacity Expansion Plan
China’s Hengdian Group DMEGC Magnetics, which claims to be the world’s biggest permanent ferrite magnet supplier, managed to avoid the Shenzhen market decline after revealing its CNY3.9 billion …
Shenzhen to Ease Market Access in Tech, Finance, and Healthcare
China’s southern metropolis Shenzhen intends to make it easier for foreign companies to enter its sectors involving technology, finance, and healthcare. The National Development and Reform Commission …
China tells the U.S. to ‘stop interfering’ in Beijing Olympics
China’s top diplomat said the United States should stop meddling in the upcoming Beijing Winter Games and warned against “playing with fire” on the Taiwan issue on Thursday.
China spends billions on Olympics with longer-term goal
The finance model for the Winter Olympics calls for the host country to spend several billion dollars, the IOC to earn a couple billion, and sports bodies to share around hundreds of millions.
Spoiler alert: ‘Fight Club’ gets a new ending in China — and the police win
Fight Club” has been given a new ending in China, where police foil the plot of Edward Norton’s narrator and send Brad Pitt’s Tyler Durden to a “lunatic asylum.” …
The moon, Mars and the return of strongman rule: How China has changed since the 2008 Olympics
In the 14 years since it last hosted the Games, the nation has become a world power and experienced dramatic societal transformations.
Apple is back on top in smartphone sales worldwide after a record win in China
Apple has once again become the top-selling smartphone brand in top market China, along with the rest of the world.
ADB to develop prototype for Cross-Border Securities Transaction System using blockchain
The Asian Development Bank (ADB) has launched a project to make cross-border securities transactions in Asia and the Pacific more efficient and secure through the use of blockchain technology. Working …
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