In recent years, Tibetan carpet enterprises in Xining, through modern means of technology, are driving the ancient handicraft into an era of intelligent manufacturing. With modern knitting tools and …
Monthly Archives For July 2022
China’s Largest Policy Bank Disbursed $27 Billion Loans for Infrastructure Stimulus
China’s largest policy bank said on Friday that it had disbursed 181.5 billion yuan ($27 billion) in loans for urban development projects in the first half of the year, and pledged to maintain an …
China Pushes to Quell Protests Over Billion-Dollar Banking Scandal
The central bank regulator, the China Banking and Insurance Regulatory Commission (CBIRC), said that it would “handle the risks associated with five rural banks,” four in Henan and one in Anhui. There …
Washington Post editorial board slams China for arresting bank protesters
Washington Post editorial board wrote an article Thursday which heavily criticized the Chinese government for cracking down on people protesting their inability to access their money.
China’s largest policy bank disbursed $27 bln loans for infrastructure stimulus
China’s largest policy bank said on Friday that it had disbursed 181.5 billion yuan ($27 billion) in loans for urban development projects in the first half of the year, and pledged to maintain an …
What China’s Alarming Financial Crisis And A Strengthening US Dollar Means For Bitcoin
China’s banks face insolvency risks with widespread mortgage boycotts. The U.S. dollar is strengthening and bringing bitcoin down in the process. “Fed Watch” is a macro podcast with a true and …
China’s launch of small-cap derivatives spawns new strategies, funds
Futures and options based on China’s small-cap CSI 1000 Index started trading in Shanghai on Friday, spawning fresh products and strategies from fund managers seeking to capitalize on the new hedging …
Tesla sells off majority of bitcoin, blaming COVID-19 lockdowns in China
Elon Musk’s electric vehicle company Tesla has revealed it has sold 75 percent of its bitcoin holdings amid a downturn in the cryptocurrency market. In the company’s Q2 2022 financial report it was …
Crypto has too many villains right now and needs more heroes | OPINION
From strict regulation policies and inflation to hackers plaguing the internet, crypto has had to deal with a lot in the past couple of months and needs a few ‘heroes’ to help it get back…
China Poised to Welcome First Foreign Leader Since Olympics
Indonesian President Joko Widodo is set for the first visit to China by a foreign leader since the Olympics in February, a sign the diplomatic isolation of the world’s No. 2 economy due to its…
China Snap Lockdown Crimps Beachside Business, Strands Tourists
A Covid outbreak has derailed what is usually the peak season at one of China’s top summer hot spots, with a snap lockdown in the seaside city Behai shutting hotels and leaving more than 2,000…
China’s launch of small-cap derivatives spawn new strategies, funds
Futures and options based on China’s small-cap CSI 1000 Index started trading in Shanghai on Friday, spawning fresh products and strategies from fund managers seeking to capitalize on the new hedging …
Western companies in China and Russia eye exits
Top Western companies continue to abandon operations in China and Russia, highlighting the obstacles to profitability in the powerful Eurasian countries. On July 18, fast-fashion retailer H&M …
