Beijing reported on Wednesday the highest number of daily local COVID-19 cases since late January, less than two weeks before the opening of China’s annual parliamentary meeting in the capital on …
Monthly Archives For February 2022
China Banks Plan Yuan Bonds for Property M&A: Evergrande Update
(Bloomberg) –Industrial Bank, China Guangfa Bank and Ping An Bank plan to sell a total of 20 billion yuan ($3.2 billion) of bonds to fund loans for mergers and acquisitions in the property industry, …
China Crackdown Risk Roars Back in Probe of Jack Ma’s Empire
From Alibaba to Tencent, China’s largest companies are once again at the center of a market storm, spurred by speculation that Beijing is readying another assault on the world’s biggest internet arena …
Jinhui Mining Gains Nearly 44% In China Stock Debut As IPO Mints New Billionaire
Shares in Jinhui Mining, a China processor of lead, zinc, silver and other minerals, rose by nearly 44% on their first day of trading at the Shanghai Stock Exchange on Tuesday, adding a newcomer to…
Rogues’ charter: Ukraine crisis could see China create third ‘shadowy’ tanker trade
Broker BRS says Chinese importers could turn to veteran ships if mainstream owners fear sanctions against Russian business …
Climate Change: Chinese cement makers face carbon capture technology challenges, says partner of industry giant
An undeveloped market for the collected gas means corporate efforts remain at a pilot stage, says president of Calgary-based Delta CleanTech The cement sector is responsible for 15 per cent of carbon …
China Fines Another Live-Streamer After Tax Evasion Probe Widens
The latest penalty came after the watchdog fined top live-streamer Viya a record $210 million in December, accusing her of concealing personal income and making false declarations …
China’s Wuhan reports ten new positive COVID-19 cases
Wuhan, capital of central China’s Hubei Province, reported ten new positive cases for COVID-19 from 10 p.m. Monday to noon Tuesday, local authorities said Tuesday. As of Tuesday noon, the city had …
Why Nike and Adidas no longer dominate in China
Chinese consumers are no longer patronizing Nike and Adidas like they used to, a trend that is purportedly driven by nationalistic rejection of forced labor accusations against the country. The …
Debt-Ridden China Evergrande to Stay in Soccer Business, Chairman Says
The chairman of China Evergrande Group has reportedly said the debt-laden property developer will continue in the soccer business. Evergrande will develop its soccer club Guangzhou Evergrande into a …
HSBC Takes $450 Million Hit on China Property, Plans Buyback
The London-based bank will initiate a share buyback of as much as $1 billion, on top of an earlier $2 billion program.
TRON Grand Hackathon 2022 Kicks off with $500K Committed to Turbocharge Blockchain’s Growth
and other blockchain platforms in the near future. A showcase for China’s strength in blockchain technology This contest is convened to incubate more premium decentralized applications to power the …
China casts doubt on origin of rocket debris about to slam into the Moon
China claims that a piece of distant space debris that’s about to slam into the Moon does not stem from one of the nation’s lunar missions, as astronomers tracking the object believe. However, it’s …
