Singapore is unlikely to head down China’s path in imposing a sweeping ban on cryptocurrencies, but will work to make conditions more stringent for investors who wish to speculate on the digital …
Monthly Archives For August 2022
China’s Shenzhen shuts key electronics market to fight COVID-19
SHENZHEN: Authorities in China’s southern city of Shenzhen temporarily closed the world’s largest electronics market of Huaqiangbei and suspended service at 24 subway stations in a bid to curb an …
China charges dozens over brutal attack on women in restaurant
Chinese authorities have charged 28 people and detained eight police officials following a brutal assault on a group of women earlier this summer that shocked the country and provoked widespread anger …
Cities around Beijing confined due to outbreaks
Protecting the capital from outbreaks is one of the priorities of Beijing health authorities, who reminded their citizens Monday of the recommendation not to travel to places in China where a case has …
Singapore says retail investors ‘irrationally oblivious’ to crypto risks, plans tougher rules
Ravi Menon, managing director of the Monetary Authority of Singapore, said that despite warnings and measures, surveys show that consumers are increasingly trading in cryptocurrencies globally, not …
Audit deal will leave traders with China dregs
Beijing has conceded to U.S. demands which could theoretically let $1.5 trillion of New York equities skip delisting. However, a large swathe of Chinese companies will still leave New York, willingly …
Shenzhen shuts world’s biggest electronics wholesale market Huaqiangbei for 4 days as city steps up Covid-19 control
Huaqiangbei district in China’s southern tech hub of Shenzhen, a global electronics sourcing centre, has been ordered to close from Monday to Thursday The city of over 17 million, which managed to …
China’s drought-hit areas get rain, bringing flood risks
Tens of thousands of people were evacuated to safer areas by Monday as heavy rains brought flood risks to a region of southwest China that for most of the summer was devastated by a heatwave…
China’s yuan slid to the weakest in two years as hawkish fed signals more rate hikes
The Chinese yuan sank to the lowest level in two years after hawkish comments by Federal Reserve chairman Jerome Powell spurred a recent rally for the greenback.
As growth slumped, Covid-19 determined whether China’s regions fared better or worse
China’s economy grew at the slowest pace for two years in the second quarter, as Covid-19 lock-downs disrupted manufacturing hubs and stifled everyday life. Read more at straitstimes.com.
China steps up measures to wipe out Covid-19 as political summit looms
China is enforcing lockdown restrictions in areas around Beijing more intensively, and will mass test the nearby port city of Tianjin …
‘No actual threat to China’s security’: US warships in Taiwan Strait downplayed in Beijing
After United States House Speaker Nancy Pelosi visited Taiwan in early August, the Chinese military staged some of its biggest ever military exercises around the island.
China’s August factory activity likely shrank amid COVID flare-ups, property crisis
China’s factory activity likely contracted again in August, a Reuters poll showed on Monday, as COVID flare-ups and a distressed property sector pummelled demand while a power crunch in southwestern …
