Regulations were updated after an outcry over gene-edited babies but a leading expert says they don’t go far enough.
Monthly Archives For March 2023
Pressure Grows on Another Crypto Giant
Binance, the world’s biggest cryptocurrency exchange, faces a fresh wave of scrutiny from regulators and lawmakers.
China has a fateful choice to make on Ukraine
A choice to supply Russia with weapons would suggest that China believes that intensified rivalry with the US is unavoidable — and perhaps desirable. By contrast, a decision not to give Russia weapons …
China’s Xi urges private firms to ‘be rich and loving’ in pursuit of prosperity for all
Chinese President Xi Jinping said on Monday private companies should be “rich and loving” by shouldering a responsibility along with state-own firms to achieve prosperity for all.
Crypto giant Tether faked key documents to set up bank accounts – and terrorists then used one of them to launder money, report says
Tether is a key player in crypto because it is the issuer of a dollar-pegged stablecoin with a $71 billion valuation.
The Chip War With China Escalates
Meanwhile, both Japan and the Netherlands have agreed to join the United States to limit chip exports as well as the sale of chip-making equipment to China. The decision by the Netherlands is …
UBS Rejigs Asia Technology Banking Team as China Deals Slump
UBS Group AG reshuffled its telecommunication, media and technology investment banking team in Asia-Pacific, naming new heads to replace a China veteran as dealmaking in the world’s second-largest …
Why the Covid-19 years could make course of China’s flu spike hard to predict
Years of mask-wearing have led to a drop in flu antibodies but experts are hopeful seasonal influenza outbreak will ease in a month Influenza A is behind most of the infections so far, with H1N1…
President Xi vows to boost China’s manufacturing
President Xi Jinping vowed to boost the country’s manufacturing capacity and not rely on overseas markets, state media reported Monday.”As a great nation of 1.4 billion people, we must rely on ourselves,
SoftBank-Backed CloudMinds Is Said to Weigh $500 Million HK IPO
Artificial intelligence-powered robot developer CloudMinds Inc. is considering a Hong Kong initial public offering that could raise as much as $500 million, according to people familiar with the …
China sets lowest GDP growth target in decades as Beijing tightens its belt
China’s outgoing Premier Li Keqiang has announced the country’s lowest GDP growth target in decades, highlighting the domestic and global challenges the world’s second largest economy still faces …
Commentary: As China’s politicians gather at ‘two sessions’, the ghosts of zero-COVID live on
The country dismantled its precautionary measures as quickly as they sprang up – but not at the National People’s Congress, says the Financial Times’ Thomas Hale.
Investor Mark Mobius says he cannot get his money out of China
Mark Mobius has said he cannot take his money out of China due to the country’s capital controls, cautioning investors to be “very, very careful” about investing in an economy under a tight government grip.
