All Chinese developers will suffer as home buyers’ faith in the prepayment system—paying for property before receiving it—erodes.
Monthly Archives For July 2022
Russian oil that usually goes to China is heading to India as competition for cheap crude ramps up
Four cargoes carrying Russian oil are en route for the east coast of India, where an Indian Oil Corp refinery is located, Bloomberg reports.
New consumer brands prosper in Beijing
Beijing’s commerce bureau released a list of 36 new local consumer brands with booming online sales and hot-selling products at a press conference on Thursday. The 36 brands cover nine categories, …
$4.3 billion China Mineral Resources Group strengthens China’s bargaining position
China’s bargaining position in dealings with Australian iron-ore mining companies will be significantly strengthened after the establishment of the state-backed China Mineral Resources Group.
Why monkeypox isn’t likely to develop into a pandemic as devastating as Covid-19
It is not uncommon for there to be small outbreaks of monkeypox in Central and West Africa, but in the last few weeks, dozens of countries from other world regions have reported thousands of cases…
Tencent to shutter its NFT marketplace in China a year after launch due to strict regulations
China’s government has fought a running battle against cryptocurrency for years, cracking down on mining businesses and declaring all crypto transactions illegal last year. It has …
Timeline: how Didi went from poster child for China tech to cautionary tale of the risks incurred by defying Beijing
China’s cyberspace regulator on Thursday imposed a fine of 8.026 billion yuan (US$1.2 billion) on Didi Global, the country’s ride-hailing giant, for violations of data laws, putting an end to a …
DiDi Global’s US$1.2B Fine in China Ends Damaging Tech Crusade
A financially disastrous and embarrassing attack on the tech sector looks to be ending in China, with DiDi Global penalized for data-protection violations.
China will soon not be the world’s most populated country. That’s good – so why is Beijing fretting?
India will surpass China as the world’s most populated country – but oddly, the news is not being greeted as a success story. Xi Jinping’s obsession with economic-trap theories explains why …
Here’s what we know about China’s secretive years-long effort to build a stealth bomber
If it’s real, the Xian H-20 would be the world’s first non-American stealth bomber known to have flown.
Unmissable opportunities in China’s financial opening-up
How do you ensure certainty and opportunities amid volatile global financial markets The answer is obvious for Beijing-based finan …
The Download: dodging China’s porn ban, and a crypto fraud first
This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. Chinese gamers are using a Steam wallpaper app to get porn …
Tesla sells 75% of its Bitcoin holdings to meet production costs in China
Tesla is one of the largest electric car manufacturers globally. The company has been one of the largest corporate holders exposed to coins.
