China has reiterated it is taking steps to address multinationals’ concerns, but experts warn they must move quickly if they want to rebuild confidence undermined by zero-Covid controls.
Monthly Archives For June 2022
‘Golden days are over’: China’s property tycoons suffer $90b meltdown
Property used to be a sure bet in China. But Beijing’s year-long campaign to control runaway prices has pummelled its biggest developers.
China May iron ore imports up 3% on supply chain easing
China’s iron ore imports rose 3% in May from the same month a year earlier, customs data showed on Thursday, after disruptions to shipments by major suppliers eased. BEIJING, June 9 (Reuters) – …
From China to India, Asia braces for EU plan to kill fast fashion
Under the EU rules, he hopes the high-volume business of fast fashion will give way to a production model that keeps resources circulating through reuse. “You can make something [of] beauty from …
China’s answer to Google is offering 2TB cloud storage for free, but there’s a catch
Baidu, one of China’s biggest tech companies, introduced a 2TB free cloud storage plan for domestic users nearly a decade ago, and is now looking to do the same for the rest of the world…
China gives nod to Ant IPO, firm says it has no plan to go public
Ant, an affiliate of Chinese e-commerce behemoth Alibaba Group Holding, aims to file the preliminary prospectus for the offering as soon as next month …
McCaul: US must ‘wake up’ and invest in Latin America to gain competitive edge on China
House Foreign Affairs Committee Ranking Member Rep. Michael McCaul, R-Texas, said the U.S. must “wake up” to the very real threat of China’s strategic dominance in “our very own backyard” of Central …
FirstFT: China preps for permanent zero-Covid
China is building hundreds of thousands of permanent coronavirus testing facilities and expanding quarantine centres across many of its biggest cities as part of its zero-Covid policy, despite the …
China May crude oil imports edge up, but refined oil product exports slump
China’s crude oil imports rose nearly 12 per cent in May from a low base in a year earlier, although refiners were still battling high inventories with COVID-19 lockdowns and a slowing economy …
Ant Group’s Benjamin Bai Pivots to Crypto: It’s Now or Never
as China prohibits any form of cryptocurrency trading. “At the beginning of last year, I started thinking to myself, ‘What if we are missing something?’ So I started looking into crypto from a work …
DOJ: China Is Still the Biggest US Cyber Threat, But Don’t Ignore Russia
Russia may be distracted by its invasion of Ukraine, but it’s still capable of significant cyberattacks alongside China, a DOJ official warns at RSA.
After veto on North Korea, China says ‘let’s see’ on U.N. action over a nuclear test
China’s U.N. envoy said on Thursday that Beijing does not want to see North Korea carry out a new nuclear test, which is partly why China vetoed a U.S.-led bid to impose new U.N. sanctions…
The yen weakening to 150 against the dollar could spark a financial crisis in Asia, famed economist Jim O’Neill says
Continued weakness in the Japanese yen to 150 against the US dollar could set off the next Asian Financial Crisis, Jim O’Neill told Bloomberg. China will see further yen depreciation as an “unfair …
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