The couple will remain as executive directors of the company and focus on their arts and philanthropic pursuits, Soho China said. Company vice presidents Xu Jin and Qian Ting were named executive …
Monthly Archives For September 2022
China’s COVID-19 Stagnation Has No End in Sight
Another wave of COVID-19 lockdowns highlights how restrictions are taking a toll nationwide, the Chinese Communist Party readies for its National Congress in October, and China suffers from the …
Taiwan Officials Call on Beijing to Ease Regional Military, Economic Tensions
Taiwan’s minister of mainland affairs on Wednesday called on the People’s Republic of China to to ease tensions in the region to maintain security and peace in the Taiwan Strait. Tai-Sun Chiu told …
Putin Making Russia ‘Very Junior Partner’ to China: Former U.S. Admiral
Ex-Supreme Allied Commander of NATO, James Stavridis, told MSNBC President Xi does not want to go “the full monty” in providing weapons to Moscow.
China clears roads to earthquake epicentre, death toll rises to 74
China has reopened roads leading to the epicentre of Monday’s 6.8 magnitude earthquake in the southwestern province of Sichuan and traffic has resumed, state media reported on Wednesday, while the …
From the U.S. to China, Major Economies Are Stalling. But Not India.
The Indian government expects growth to exceed 7 percent this year, though that pace may be hard to sustain as the global economy continues to slow.
Drunk woman detained for dragging victim with her car for 1 kilometer in hit-and-run in China
A woman who failed a field sobriety test has been detained after dragging a woman for around 1 kilometer (approximately 0.6 miles) in a hit-and-run incident in Hunan Province, central China last week.
Soho China’s billionaire founders relinquish top roles to pursue philanthropy after failed bid to sell company
Pan Shiyi and wife Zhang Xin have relinquished their top posts as chairman and CEO respectively of the firm they founded in 1995. The stock has lost as much as two-thirds of its value since…
Russia’s top banks have started lending out yuan and transferring China’s currency outside the SWIFT system
“I don’t think Russia will return to such a situation of the dollar’s influence on the domestic economy,” said Sberbank CEO German Gref.
China’s foreign exchange stockpile slides to lowest since 2018 amid rising U.S. dollar
The value of China’s foreign exchange reserves fell to the lowest since October 2018 in the wake of a smaller trade surplus and exchange rate volatility. China’s FX stockpile stood at $3.055T as of …
China approves world’s first nasal COVID-19 vaccine booster
Regulators in China have approved a COVID-19 vaccine booster nasal spray, providing those virus-fighting antibodies without the jab of a needle. According to vaccine maker CanSino, one breath of their …
Pentagon pauses F-35 deliveries after discovering jet component came from China
The U.S. military paused F-35 deliveries after discovering a Chinese-made component in the engine. F-35s already in service are not affected by the issue, however.
5G: Unfortunately, We Need Biden to Take the US-China Internet War Very Seriously
China is overtaking the United States – the traditional mastermind of international standards in information and communications technology – in setting the standards for 5G.
