As Beijing’s tough stance on online credit persuaded Big Tech firms to scale back their services, smaller platforms have proliferated, luring young consumers into borrowing for a lifestyle they can …
Monthly Archives For July 2022
Zhou Muzhi: Identify Beijing’s path to carbon peak and neutrality by benchmarking against four major metropolises
Beijing’s carbon emissions grew rapidly over 20 years to a huge amount. Compared with the four major metropolises, Beijing stood out in both the growth rate and the amount of carbon emissions. (1) …
Blair calls on the West to stand up to China
On China, Sir Tony said that it had already caught up with the … Developing countries prefer Western business. They’re much more sceptical now of Chinese contracting than a decade ago. They admire …
China’s GDP Growth Drops to 0.4% in Q2 2022, Plans for $1.1T Infrastructure Spending
China’s GDP increased by 0.4% from a year earlier, marking the worst performance since the first Covid outbreak.
Saudi Arabia’s ties to the U.S. and China are not mutually exclusive, minister says
“We build bridges with people; we don’t see one as exclusive of the other,” Saudi Minister of State for Foreign Affairs Adel al-Jubeir told CNBC.
Philippines Marcos wants to renegotiate loans on $4.9 bln China-backed rail projects
Philippine President Ferdinand Marcos Jr ordered the transport ministry to renegotiate loan agreements struck by his predecessor with China for railway projects worth $4.90 billion, an official said …
Beijing hotels luring back visitors with outdoor delicacies
After dine-in services resumed in Beijing in June, local hotels have innovated guest experiences to lure more visitors to their food and beverage destinations. Xiyuan Hotel, a courtyard-style hotel in …
5 unanswered questions about the Henan bank crisis
Customers at four rural banks in Henan province and one in neighbouring Anhui have been cut off from their savings since April, leading to protests and promises from authorities that some of the money …
China’s Central Bank Says 93% of Financial Institutions Are ‘Safe’ After Henan Scandal Erupts in Violence
China’s central bank has issued an assurance that despite a recent scandal of local lenders in Henan province freezing withdrawals, 93% of the more than 4,000 financial institutions it reviewed late …
Significant economic slowdown as China battles COVID
The economic slowdown in China means that the three major economic regions of … Speaking after a meeting this week with the Japanese finance minister Shunichi Suzuki, where the rapid fall of the yen …
China’s Finance Ministry Imposes Its First Cross-Border Administrative Penalty
Three years after authorities in Malaysia tipped off their Chinese counterparts about a financial fraud at the China unit of listed Malaysian company Lambo Group, China’s finance ministry imposed the …
Bitcoin mining will continue to flourish in the US, says Riot Blockchain’s CEO
Riot Blockchain’s CEO believes that Bitcoin mining will continue to flourish in the US despite the current crypto winter.
China launches two new high-resolution remote sensing satellites into space
China successfully launched two new high-resolution remote sensing satellites from Taiyuan Satellite Launch Center in north China’s Shanxi Province at 6:57 a.m. (Beijing Time) on Saturday.
