WeTrade Group (WETG) has updated financial information for its proposed $50M initial public offering and uplisting to Nasdaq …
Monthly Archives For June 2022
China’s yuan could strength against the dollar as the Fed struggles to balance growth and inflation, says top Beijing official
“Many market institutions believe it will become more difficult for the Fed to stabilize growth while controlling inflation.” …
Amazon is closing down its Kindle store in China
Amazon stopped supplying retailers in China with Kindle e-readers and will close down the country’s Kindle ebook shop, Reuters reported based on a post made to the company’s WeChat account. Starting …
Beijing Sticks to Xi’s Covid-19 Stance While Endorsing Premier as Economic Fixer
As China’s Communist Party seeks to unify messaging, strict coronavirus controls complicate Premier Li Keqiang’s task of reviving economic growth.
China blocks moves to step up protection of emperor penguins
Officials say China has blocked efforts to step up protection of emperor penguins that are increasingly threatened by the effects global warming is having on their natural habitat in Antarctica …
‘We don’t need to be reactive’: New Zealand keeps faith in its foreign policy amid China Pacific push
Foreign minister Nanaia Mahuta accepts China has become more assertive in the region but says approach will remain essentially unchanged …
China ‘one of the worst abusers of religious freedom in the world’, says US
The US State Department’s annual report on international religious freedom has accused China of continued genocide and repression of predominantly Muslim Uyghurs. The report rel …
The US cannot afford to give intellectual property rights to China
Americans are tired of the Chinese Communist Party (CCP) getting a free pass in world affairs. And why shouldn’t they be? In the past two years, the CCP has been a menace on the world…
NBA Commissioner Adam Silver says league lost ‘hundreds of millions of dollars’ due to China fallout, touches on Brittney Griner situation
NBA Commissioner Adam Silver admitted the league had lost “hundreds of millions of dollars” in revenue following a controversial fallout with China in October 2019.
Crypto Biz: Helicopter CBDC money rains on Shenzhen, May 26—June 1
In an attempt to revive consumption, the southern city of Shenzhen used Beijing’s central bank digital currency, or CBDC, to airdrop free money to local residents. A similar strategy was used in …
EV Maker Weltmeister Applies for Hong Kong IPO
EV Maker Weltmeister Applies for Hong Kong IPO. Image Source: Visual China. BEIJING, June 2 (TMTPOST) — Chinese electric vehicle maker Weltmeister has submitted its …
China’s shipping industry readies for surge in demand as Shanghai restarts its export machine
Export volumes are predicted to jump at Shanghai Port, the world’s busiest in terms of container throughput, as the commercial hub reopens after a two-month long lockdown.
Chinese officials order renewed COVID-19 lockdown for some in Shanghai
Since the first reported cases of COVID-19 in January 2020, China has recorded 3.1 million cases through June 2, 2022, with 16,982 deaths, according to data from the World Health Organization. The …
