It was also a down year for several other state-controlled financial institutions in the upper rung of the list in recent years. Among them, China Construction Bank fell to No. 5 from No. 4, Ping…
Monthly Archives For May 2022
Coinbase tells users what happens to their crypto if it goes bankrupt, which could leave them last to get paid
A new company disclosure suggests that Coinbase users would be treated as general unsecured creditors in the event of a bankruptcy.
China’s Economic Outlook: COVID Impedes GDP Growth
China has a good track record in this respect: when exports fell during the global financial crisis, for example, the government launched a stimulus package worth RMB¥4 trillion (equivalent to US …
China takes measures to ease companies’ challenges amid epidemic
“Currently, small and micro firms are facing challenges and need stronger support from the government and financial institutions,” said Liu Xingguo, a researcher with China Enterprise Confederation.
China’s White Knight Tycoon Can’t Save His Own Firm From Default
(Bloomberg) — Sun Hongbin, dubbed the “white knight” in China for bailing out fellow billionaires and … Most Read from Bloomberg Nike Escalates StockX Feud, Says Site Is Selling Fake Shoes Crypto …
Foxconn Faces Covid Logistics Disarray in China
As China works to contain outbreaks, the world’s biggest iPhone assembler said most of its factories in the country are running under a bubblelike system.
China Calls WHO’s Criticism of Zero-COVID Policy ‘Irresponsible’
WHO chief Tedros Adhanom Ghebreyesus told reporters earlier this week that he had advised the Chinese government to move away from its strict zero-COVID policy.
Large brands deal with it better, but China’s crisis threatens luxury
Large brands deal with it better, reassures UBS. But China’s crisis threatens luxury: GDP slows down, what about consumption?
China Denies Beijing to Lock Down as Residents Rush to Buy Food
Beijing officials denied the city will be locked down and urged people not to hoard food as residents flocked to grocery stores amid growing concern the Chinese capital’s response to a persistent …
China Resources in talks to take Sihuan Pharma private at $3 bln valuation -sources
State conglomerate China Resources is in early-stage talks with Sihuan Pharmaceutical’s chairman about jointly taking the Hong Kong-listed company private in a deal valuing it at nearly $3 billion, …
China to “strictly limit” unnecessary overseas travels by Chinese citizens to combat COVID
China would “strictly limit” unnecessary travel outside the country by Chinese citizens as part of its COVID-19 response, the National Immigration Administration said in a statement on Thursday.
Foxconn outshines rivals hit hard by China’s Covid-19 lockdowns
Foxconn reported its highest first-quarter net income in eight years as the world’s largest contract electronics manufacturer is gaining market share from rivals …
America is Losing the Quantum Race with China | Opinion
You may not have realized, but China has been outpacing America in the race to reach the next frontier of critical national security technology: quantum computing. In October, Chinese scientists …
