As cryptocurrencies reel under the global downturn, Chinese state-run newspaper Economic Daily has warned investors that the price of leading cryptocurrency Bitcoin is ‘heading to zero’. The warning …
Monthly Archives For June 2022
How Forex and Crypto is taking off post-Covid-19: What the future holds
The Covid-19 pandemic and the ensuing lockdowns have had a significant impact on the global economy and several markets including Forex and Crypto trading. Observations have revealed that foreign …
China’s central bank, BIS set up renminbi liquidity arrangement
China’s central bank said on Saturday it had signed an agreement with the Bank for International Settlements to establish a Renminbi Liquidity Arrangement (RMBLA) that will provide support to …
China to provide $7.5 mln in humanitarian aid to Afghanistan – foreign ministry
China will provide humanitarian aid worth 50 million yuan ($7.5 million) to Afghanistan after it was hit by an earthquake that killed more than 1,000 people this week, the Chinese foreign ministry …
China-manufactured vaccines turn out ineffective amid rising COVID-19 cases
A study by the University of Hong Kong has lowered the Chinese vaccines’ effectiveness further, limiting it to just 60 per cent. It further revealed that those vaccinated with Sinovac were three times …
China to provide $7.5 million in humanitarian aid to Afghanistan – foreign ministry
China will provide humanitarian aid worth 50 million yuan ($7.5 million) to Afghanistan after it was hit by an earthquake that killed more than 1,000 people this week, the Chinese foreign ministry …
Quotable quotes of entrepreneurs at sixth World Intelligence Congress
Liu Liehong, chairman of China Unicom, one of China’s three major telecom carriers. [Photo provided to chinadaily.com.cn] Liu Liehong said as the core engine of digital information infrastructure, 5G …
China unveils EV battery with unprecedented 1,000km on single charge
A record-breaking e-vehicle battery, with an unprecedented volume utilization efficiency of 72 percent, an energy density of up to 255 watt hour/kilogram (Wh/kg), the world’s highest integration level …
PBOC Adviser Says China GDP Target ‘Difficult’ to Achieve
Effects related to the Covid pandemic in recent months will make it challenging for China to meet its 5.5% annual growth target, a central bank adviser said, adding that pro-economy policies including …
The moment a woman was saved from rushing flood waters in China
Rescue workers saved a woman who was trapped by rushing flood waters in Yingde, Guangdong Province in China. The woman was pulled to safety and seemed unharmed. Flooding in southern China during the …
H&M Shuts Down First and Largest Flagship in China
The world’s second-largest fast-fashion retailer quietly closed its first flagship store in mainland China, continuing its retreat after the Xinjiang Cotton controversy.
Vietnam likely to replace China as factory of the world in near future
As Omicron flare-ups in China’s manufacturing hubs, like Guangdong Province and Shanghai, disrupted supply chains, Vietnam’s Q1 economic figures appear to show promising outlook amid the pandemic …
Yum Brands’ Mostly Franchised Business Model May Be Well-Positioned For Elevated Inflation
Yum! Brands’ ~98% of restaurants are operated by franchisees or under license agreements, which helps it in high inflation periods. Click here to see our fair value for YUM.
