Taking advantage of local digital and network infrastructure development, a tech company in southwest China’s Chongqing Municipality is bringing the metaverse into reality. In its Dawa virtual studio, …
Monthly Archives For June 2022
Mon. 8:51 a.m.: India, China growing markets for shunned Russian oil
China’s imports also have risen further this year … of $96 billion for the four months ending in April. It’s unclear if such exports might eventually be subject to sanctions meant to cut the cash…
Crypto Lender Celsius Stops Withdrawals, Fuels Market Slump
Celsius Network Ltd. paused withdrawals, swaps and transfers after weeks of speculation over the sustainability of the outsized returns being offered by the DeFi lending platform, fueling a broad …
China Considers Extending Its EV Subsidies to 2023
China EV subsidies could be extended if the government considers it necessary to stimulate the market, besides tackling slow growth in the auto industry.
5 Stocks to Buy As Virus Restrictions Are Lifted in China
(NASDAQ:BIDU) stock with a price target of $200, noting that the long-term view on the firm was unchanged despite near-term China uncertainties. At the end of the first quarter of 2022, 47 hedge funds …
COVID-19: China hits back at WHO, says ‘lab leak’ theory Political lie
Identifying a disease’s source in animals typically takes years. It took more than a decade for scientists to pinpoint the species of bats that were the natural reservoir for SARS, a relative …
China unveils steps to ease fiscal strains on local governments
China’s cabinet unveiled some steps on Monday to improve the allocation of resources among local governments to help ease their growing fiscal strains and debt risks, amid efforts to support the …
Ikea is considering closing another store in China
Ikea has already shut one store in mainland China this year and could close another in Shanghai in early July.
China prosecutes former banking regulatory official
Cai Esheng, a former vice chairman of China’s top banking regulatory body, is being prosecuted over suspected bribe-taking and abuse of power, an official statement said Monday. The Zhenjiang …
Interview: Nomura envisages opportunities from China’s drive to further open up financial sector
China’s drive to further reform and open up its financial industry means huge opportunities for foreign financial institutions, a high-ranking executive of Japan-based Nomura Holdings Inc. has told …
Goldman Sachs discusses China’s longer-term investment opportunities
Luke Barrs of Goldman Sachs Asset Management weighs in on the opportunities that lie beyond the country’s “challenging” short-term environment.
China to finance bridge project in southern Philippines
The Philippines and China exchanged the agreements on Monday to finance a bridge connecting Davao City and Samal Island in the southern Philippines. China’s Ambassador to the Philippines Huang Xilian …
Germany slips behind China as top importer of Russian energy
China has overtaken Germany as the biggest buyer of Russian energy exports since the start of the war in Ukraine, an independent research group said Monday. The Centre for Research on Energy and Clean …
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