Very little has been heard from China’s greatest entrepreneur of the online age, Jack Ma, creator of Alibaba, since he clashed with Beijing. Ping Am is the fox seeking to get inside the HSBC chicken…
Monthly Archives For May 2022
China holds “emergency” conference over sanctions threat
The conference involved officials from the central bank and the finance ministry as well as executives from “dozens of local and international lenders such as HSBC,” the FT report said. All large …
Alibaba Stock Roiled by Report of China Curbs on Person Named Ma
Most Read from Bloomberg Biggest Treasury Buyer Outside U.S. Quietly Selling Billions End of Easy Money Brings a $410 Billion Global Financial Shock Citi Says Trader Made Error Behind Flash Crash …
China regulators reportedly meet banks to discuss protecting assets from US sanctions
The US, weirdly, embraces it,” he said. “Put another way, if the US stops countries like China, Germany, and Russia from recycling their export surpluses by acquiring American assets, these countries …
Six weeks until UK supply chain crisis caused by China’s Covid lockdown shipping logjam hits
Experts have warned that a three-week shutdown in Shanghai, one of China’s key manufacturing and export hubs, has sparked renewed chaos in factories and the global shipping industry, leaving …
China’s Covid lockdowns damage economy, roil global supply chains
China’s stringent lockdowns to curb Covid … climbed to the highest level in more than a decade, while indexes for exports and imports slumped. The figures came a day after the Communist …
Top nuke envoys of South Korea, China discuss Korean Peninsula security
“China is concerned about the tense situation on the Peninsula … (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is …
Beijing preps COVID-19 hospital spaces, though new cases low
BEIJING (AP) — Beijing is preparing new hospital facilities to deal with a spike in COVID-19 cases, even though the numbers of new cases remain low. State media reported Tuesday a 1,000-bed hospital …
BizBeat Ep. 385: To strengthen energy security, China to cut coal import tariffs to zero
Starting this month, China is cutting import tariffs for all types of coal to zero until the end of March 2023. This is the first time China scrapped tariffs to support coal imports in over…
Op-ed: It’s time for the World Bank to get back to the business of doing business
The investigative report detailed that the World Bank’s Doing Business team eventually increased China’s ranking by seven spots from 85 to 78. Georgieva said last year that she disagrees …
Oil Holds Above $105 as Demand for Fuels Offsets China Lockdowns
Record fuel exports from the U.S. Gulf Coast are draining … to be rattled by the prospects of a ban on Russian imports and China’s Covid Zero strategy, which will have a more lasting impact…
Chinese mainland reports 368 new local confirmed COVID-19 cases, 274 in Shanghai
capital of China, May 2, 2022. (Xinhua/Chen Zhonghao) BEIJING, May 3 (Xinhua) — The Chinese mainland Monday reported 368 locally-transmitted confirmed COVID-19 cases, of which 274 were in Shanghai, …
Beijing Goes to Extreme Lengths to Avoid Shanghai’s Covid Fate
In Shanghai, new cases fell to 5,669 from 7,333. The financial hub’s experience is a cautionary tale for Beijing officials seeking to maintain China’s Covid Zero strategy, an approach that’s leaving …
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