During the meeting, Wang emphasized that China will unswervingly promote high-level opening-up and is willing to create a good business environment and provide efficient services for multinational …
Monthly Archives For March 2023
German companies sign key cooperation agreements in Shenzhen
Companies and organizations in German and Shenzhen teamed up to pursue future-oriented technologies at the Sino-German Economic Forum on Wednesday in Shenzhen, Guangdong province. The forum promoted …
Alibaba shares surged 16% on hopes that the Chinese tech giant’s restructuring means Beijing’s tech crackdown is finally ending
Even Alibaba co-founder Jack Ma recently returned to mainland China after first disappearing from public just as Beijing started to crack down on the tech sector in late 2020. At the time, Ma had …
China warns of retaliation if Taiwan’s president meets US House speaker during visit
Beijing has urged the US not to allow Tsai Ing-wen to transit through the US, saying it would be a ‘provocation’
Alibaba’s restructuring and Jack Ma’s homecoming are all part of China’s plan
Ma is seen as a symbol of China’s tech industry and a barometer of the Chinese government’s support for private business. His presence is perceived as evidence of a more supportive approach to the private…
Shanghai government may extend Pudong lockdown beyond Friday as Covid-19 infections surge, say sources
The city, with a population of 25 million, had reported less than 300 coronavirus infections since the outbreak began in Wuhan, central China’s Hubei province, in December 2019. “Shanghai authorities …
Hong Kong customs seizes electronic goods worth HK$30 million, bound for mainland China, in city’s largest smuggling case at land border in 5 years
Customs detected haul in truck bound for Shenzhen earlier this week at Man Kam To control point, with 510,000 electronic products and components confiscated Truck’s driver, 61, was arrested in …
China gave huge loans to some countries. Now it’s spending billions to bail them out
China has lent massive sums to governments across Asia, Africa and Europe, growing its global influence through its Belt and Road infrastructure megaproject and becoming one of the world’s biggest creditors.
Xiamen becomes latest tier-2 city in China to introduce measures to revive property market, state media says
Xiamen, the capital of China’s coastal Fujian province, has reportedly loosened property restrictions, joining a growing list of tier-2 cities aiming to spur homebuying demand and inject life into the …
Alibaba’s historic restructuring may show Beijing is warming to Chinese tech giants
Alibaba announced that it would create six business units as it looks to unlock shareholder value. But the move could highlight that the Chinese government may be relaxing scrutiny and pressure on the …
Six symphony orchestra joins hands in a Beijing concert
Over 120 musicians from six Chinese symphony orchestras perform a concert in Beijing on March 28, under the baton of conductor Hong Yiquan. [Photo provided to China Daily] A concert was held at …
Alibaba’s $32 billion day signals breakups for China tech
China’s online commerce leader surprised markets by announcing … The division had consistently been Alibaba’s fastest-growing, and now also leads its effort to develop technology such as the …
Shanghai exchange scraps meeting for Syngenta’s US$9.5 billion IPO, disrupting plans for world’s biggest offering of 2023
The Shanghai Stock Exchange scrapped a meeting to evaluate the listing plan from Syngenta Group, China’s state-controlled seeds and agrichemicals powerhouse, delaying what could be the year’s biggest …
