Ant’s $37 billion IPO, which would have been the world’s largest, was cancelled at the last minute in 2020, leading to a forced restructuring of the financial technology behemoth and speculation the …
Monthly Archives For January 2023
Chinese billionaire Jack Ma to relinquish control of Ant Group
Ant Group’s founder Jack Ma will no longer control the Chinese fintech giant after the firm’s shareholders agreed to implement a series of adjustments that will see him give up most of his voting …
China tries to minimize COVID-19 risk during Lunar New Year travel crush
Officials expect more than 2 billion trips to be made in China during the weeklong holiday, the most important time for visiting family and friends.
China Suspends Social Media Accounts of COVID Policy Critics
China has suspended or closed the social media accounts of more than 1,000 critics of the government’s policies on the COVID-19 outbreak, as the country moves to further open up
China property shares firm on more policy support, easing curbs
Shares of Chinese property developers climbed on Friday, lifted by more state support for the highly indebted sector struggling with weak sales and investments as China reopens its economy.
Space Race: What happens if China gets to the Moon first?
Back in the 1960s there was no question of China reaching space, let alone the moon, anytime soon. However, leaps in Chinese aerospace technology in the past two decades as well as a bullish and…
China fx reserves rise $11 billion to $3.128 trillion in December
China’s foreign exchange reserves rose in December, official data showed on Saturday, as the dollar fell against other major currencies. The country’s foreign exchange reserves – the world’s largest – rose $11 billion to $3.
Tesla slashes prices in China, other Asian markets as sales stumble
Tesla cut prices in China for the second time in less than three months on Friday, fuelling forecasts of a wider price war amid weaker demand in the world’s largest autos market.
Coronavirus Live Updates: Xi Jinping Calls China’s Covid-19 Policy ‘Rational And Well-Thought-Out’, Says Report
Chinese President Xi Jinping defended his COVID-19 policy in his public address on the occasion of the new year, calling it “rational and well-thought-out.” In his first public address of the new year …
Explainer: With restrictions finally relaxing in China, why is concern growing about the spread of Covid-19 there?
China is currently experiencing serious and widespread outbreaks of Covid-19. With the announcement that Chinese authorities are lifting several major Covid-related entry restrictions from January 8, …
China reports three COVID deaths for January 6
China reported three new COVID-19 deaths in the mainland for Jan. 6, compared with five deaths a day earlier, the Chinese Center for Disease Control and Prevention said on Saturday.
COVID tests for US travelers from China spark fears of new wave of anti-Asian hate
As COVID-19 testing mandates for travelers entering the U.S. from China take effect, some worry they could prompt a rise in anti-Asian hate crimes.
US customs officials say Chinese firms are concealing exports’ Xinjiang ties
US Customs and Border Protection agency is trying to enforce a ban on imports from the region because of forced labour concerns, but officials acknowledge difficulties Cracking down on forced labour …
