TikTok CEO Shou Zi Chew has been elevated to “hero” status on Chinese social media after his five-hour grilling before the United States Congress. The Singaporean entrepreneur testified at the House Committee for Energy and…
Monthly Archives For March 2023
China’s global campaign strikes a chord in conservative Utah
China has made significant efforts to curry favor with Utah lawmakers, The Associated Press reports. As a result, state officials have delayed legislation and nixed resolutions that would have conveyed displeasure with the Chinese government.
Sen. Bob Casey oversaw $31M Pa. pension investment in China-linked firm
As custodian of the Pennsylvania State Employees’ Retirement System, Casey looked after the investment of $31,386,930 in China Mobile Ltd. — one of the largest foreign assets held by the state at the …
China all set to introduce 6G mobile applications by 2025
China is planning to roll out early-stage 6G technology in the mainland. The technical research for 6G will be done by China Unicom.
China grants billions in bailouts as Belt and Road Initiative falters
We’ll send you a myFT Daily Digest email rounding up the latest Belt and Road Initiative news every morning. China has significantly expanded its bailout lending as its Belt and Road Initiative blows …
Bullish Wall Street forecasts unheeded as China investors shun onshore stock risks, bide time on recovery: Goldman Sachs
via financial contagion. Global institutional investors in Hong Kong now lack interests in China, said Wang Qi, co-founder and CEO of MegaTrust Investment in Hong Kong. “The sustainability of any …
After Doling Out Huge Loans, China Is Now Bailing Out Countries
China has been helping countries that have either geopolitical … the research director for international finance and macroeconomics at the Kiel Institute for the World Economy in Germany and an …
CDT Environmental Technology downsizes proposed IPO to $9M
CDT Environmental Technology Investment Holdings (CDTG), a provider of waste treatment systems and services in China, has downsized its proposed US IPO to $9M from $12M. CDT said in a filing that it …
Maritime shipping company Himalaya upsizes proposed IPO to $45M
key routes will be Brazil to China and Australia to China. Himalaya first filed for the IPO earlier this month, indicating it was seeking to raise around $10M. Now read: Wellness services provider …
China spent $240 billion bailing out ‘Belt & Road’ countries – study
China spent $240 billion bailing out 22 developing countries between 2008 and 2021, with the amount soaring in recent years as more have struggled to repay loans spent building “Belt & Road” …
China to slash foreign researchers’ access to academic database
there are concerns that content — especially for sensitive research areas such as science and technology — will be censored. “Over the past few years, it’s been getting more difficult to get reliable …
China extends, improves tax relief policies for businesses
For self-employed individuals under the same condition, their corresponding individual income tax payments will be halved. For land used by logistics companies for bulk commodity storage, the land-use …
54 FDI proposals with investor/beneficial owner from China, Hong Kong pending for decision
Finance minister Nirmala Sitharaman on Monday informed the Lok Sabha that 54 FDI proposals with investor/beneficial owner from China and Hong Kong are pending for decision with the government …
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