Negotiations between world’s biggest emitters have stalled since House speaker’s visit to Taiwan …
Monthly Archives For October 2022
China’s Q4 GDP hits early speed bump as COVID stifles economy
China’s economic growth is hitting an early speed bump in the fourth quarter as COVID-19 curbs and anxieties further tapped the brakes on travel and shipping, constraining consumption and commerce in …
Xi Jinping’s Rising Power Forces China’s Wealthiest To ‘Execute Their Fire Escape Plans’
China’s wealthiest are pulling the trigger on exit plans amid rising pessimism building on the future of the world’s second-largest economy after Xi Jinping clinched another five-year term for himself …
China’s Shanghai extends free COVID testing services to Nov 30
China’s financial hub Shanghai will extend its free and regular COVID-19 testing services to Nov. 30 from Oct. 31, the city government said in a notice on its WeChat account on Tuesday.
The Two Contenders To Be Next Governor Of China’s Central Bank
The ruling party’s twice-a-decade congress didn’t include Governor Yi Gang or Guo Shuqing, party secretary at the central bank, on its leadership list, suggesting changes may be coming. Economists see …
China to impose consumption tax on e-cigarettes from November
China’s Ministry of Finance will impose a consumption tax on e-cigarettes sold in China from Nov. 1, according to a notice published on Tuesday.
A new definition of crypto comes from the IRS — Law Decoded, Oct. 17-24
From the IRS’ broadened definition of crypto to the legalization of crypto trade in Hong Kong — all the major news in regulation from last week.
Meet Changpeng Zhao, the CEO of Binance and the richest man in crypto, who worked at a gas station before making his $30 billion fortune
Changpeng Zhao worked at McDonald’s in his teens, and isn’t known to indulge in cars, luxury watches, or many of the usual billionaire trappings.
Asian shares mostly lower on worries over China outlook
Shares were mostly lower Tuesday in Asia as markets remained jittery over the outcome of a Communist Party congress in China, where key reformers were excluded from the highest ranks of ruling party …
China releases economic data
China unexpectedly released delayed economic data Monday, a day after a key Communist Party congress. The data showed weak growth and prompted markets to plunge. Last week, China’s National Bureau of …
China’s growth stutters as exports fail to rescue economy
The performance of the world’s second-largest economy exceeded market forecasts when GDP numbers were finally released on Monday, but the third-quarter data did not come close to allaying concerns …
Chinese carriers collectively claim to have cracked a billion 5G subs
China’s big three mobile carriers have posted customer data for September 2022 that reveals they collectively operate over a billion subscriptions to 5G services. China Mobile revealed that as of …
China’s yuan tumbles to all-time low amid fears about Xi’s third term
China’s yuan tumbled to an all-time low on international markets on Tuesday, as investors fled Chinese assets amid fears about Xi Jinping’s shocking move to tighten his grip on power at a major …
