Earlier this month, anti-money-laundering agencies in India launched a crackdown against Vivo, accusing it of channeling money outside India, mainly to China, to escape tax liabilities. By what it was …
Monthly Archives For July 2022
Canadian travellers to China face testing for COVID and monkeypox
Double screenings” for monkeypox and COVID are required as the country steps up measures to prevent spread of both viruses …
30% of China’s local governments may face severe debt strain: S&P
Almost a third of local and regional governments in China could be in dire enough financial straits at the end of this year to require corrective action such as cutting spending, as growing interest …
IMF says China needs more fiscal, monetary support to fight COVID-19 slowdown
WASHINGTON: The International Monetary Fund said on Thursday (Jul 14) that China needs to add more fiscal and monetary policy support to combat an economic slowdown brought on by continued COVID-19 …
China was seen as a gold mine for Western tech companies but now they are leaving there empty-handed
US billionaires once believed the “sky would be the limit” when it came to making money in China, however, in recent months, several tech giants — including Amazon’s Kindle and Airbnb — have joined a…
Ernst, Manchin Seek to End U.S. Dependence on China for Defense Materials
“It doesn’t make sense that we should rely on folks like China and others for our own national security interests,” Republican Senator Joni Ernst told Newsweek.
IMF says China needs more fiscal, monetary support to fight COVID slowdown
The International Monetary Fund said on Thursday that China needs to add more fiscal and monetary policy support to combat an economic slowdown brought on by continued COVID-19 lockdowns, but …
Valuing, financing and mainstreaming Nature-based Solutions in China
A new study released last month examining the value of Nature-based Solutions (NbS) calls for stronger policy and financing support, together with wider application and scaling up of NbS across China.
Zhejiang Chenguang Cable’s IPO to debut on Beijing Stock Exchange
Zhejiang Chenguang Cable (834639) to start trading on the Beijing Stock Exchange Jul 12, tomorrow. The firm has issued 53.67 mln shares priced at RMB 4.3 per share raising RMB 230.77 mln. Its price-to …
China’s budget deficit widens 600% as pandemic cuts revenue
China’s broad budget deficit in the first six months of the year widened to a record as government spending climbed and falling land sales and tax breaks cut income.
More than 2.6 million users signed up for City of Shenzhen’s digital Yuan airdrop
The city has about 18 million residents in its prefecture-level area. According to data obtained from local news outlet Sohu.com, the Shenzhen Chamber of Commerce has recorded over 2.6 million signups …
Schumer Is Preparing for a Vote on Scaled-Back China Bill Next Week
Senate Majority Leader Chuck Schumer has told senators to expect a preliminary vote next week on a pared-back China competition bill that would include, at a minimum, $52 billion in incentives and an …
China vows timely home deliveries in wake of property protests
Chinese regulators on Thursday vowed to help local governments deliver property projects on time after homebuyers threatened to stop mortgage payments on unfinished apartments, in the first sign …
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