STEPN, web3 lifestyle app, witnessed a colossal crash, plummeting 74% from its all-time high after the China ban. Analysts have criticized STEPN’s token economy, believing it is in danger of entering …
Monthly Archives For May 2022
China lockdowns are exacerbating supply chain crisis, warn manufacturers
Covid outbreaks in China are worsening a supply chain crisis being endured by manufacturing companies, with an on-going lockdown in Shanghai particularly …
‘Spy chief of China’ laptop recording sheds light on Hunter Biden’s overseas business
Hunter Biden’s business ties to men he believes were connected to Chinese intelligence loom large as he faces an investigation into his taxes, overseas business dealings, and possible foreign lobbying …
Reshoring from China to Mexico – How Prevalent is it Really?
A business sentiment survey from the European Chamber of Commerce in China indicates that a quarter of 372 companies are considering relocating their current or future investments outside of China, …
Cloud business a bright spot for slowing Alibaba and Baidu
Cloud services have become a rare growth point in the lackluster earnings reports of Alibaba, Baidu, and Tencent.
China facilitates foreign investment in domestic bond market
China published rules on Friday to allow foreign investors … news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international …
Apple factory’s Shanghai workers revolt over ‘draconian’ COVID-19 lockdowns: report
Worker unrest is on the rise at the Shanghai factory of a company that makes Apple products, with employees staging protests and at times turning violent in response to draconian “COVID zero” …
N.Korea stockpiled Chinese masks, vaccines before reporting COVID-19 outbreak
In the months before it acknowledged its first official COVID-19 outbreak, North Korea suddenly imported millions of face masks, 1,000 ventilators, and possibly vaccines from China, trade data …
Shenzhen offers device subsidies in bid to revive sales
Shenzhen authorities reportedly began offering cashback on smartphones produced by local vendors in an attempt to revive demand.
Beijing accuses Sec. Blinken of ‘exaggerating China threat’ after speech
Beijing blasted Secretary of State Antony Blinken’s speech on China, insisting that the country is a defender of international order. CNBC’s Eunice Yoon joins ‘Squawk Box’ with the details.
Beijing says Blinken’s speech ‘smears China’
China’s foreign ministry on Friday accused US Secretary of State Antony Blinken of “smearing” the country, after America’s top diplomat delivered a landmark policy speech calling for action to …
John Lee set for Beijing approval as Hong Kong’s new leader
Hong Kong, May 27 (EFE).- Hong Kong’s incoming leader John Lee will fly to Beijing Saturday to receive a letter formally approving his appointment as the chief executive of the Asian financial city.
China Signs MOU on Civil Air Transport With Solomon Islands
China has signed a memorandum of understanding (MoU) with the Solomon Islands on civil air transport, laying a foundation for airlines of both countries to open air routes, China’s aviation regulator …
