China would “strongly oppose” a forced sale of TikTok from its Beijing-based parent ByteDance, Ministry of Commerce spokesperson Shu Jueting said Thursday. This comes after TikTok’s CEO Shou Zi Chew …
Monthly Archives For March 2023
US Navy challenges Beijing’s South China Sea claims, gets angry reaction
A day after China said it drove a US Navy destroyer away from Beijing-claimed waters in the South China Sea, the US 7th Fleet said the same warship sailed through those waters to challenge the…
UN chief advises EU against isolating Beijing as European states discuss China, Ukraine and trade
Antonio Guterres advises China is willing to engage with EU, despite worsening relations ‘It’s important to know first hand what [Xi’s] position is on peace in Ukraine,’ says Spanish PM Pedro Sanchez, …
China says it ‘firmly opposes’ a potential forced sale of TikTok
China said it would “firmly oppose” any forced sale of … “The sale or divestiture of TikTok involves technology export, and administrative licensing procedures must be performed in accordance with …
UPDATE 1-China banking regulator discussed economy with HSBC CEO
BEIJING, March 24 (Reuters) – Guo Shuqing, chairman of China’s banking and insurance regulator, met with HSBC Group Chief Executive Noel Quinn on Thursday and exchanged views on the global economic …
China’s strong recovery shores up foreign firms
“The impact of COVID-19 is only short-term, and we are confident about the business prospects in China in the long run,” said Bill Feng, vice president of Bitzer Greater China. Michel Doukeris, chief …
US due diligence firm Mintz Group says staff detained in China after office raid
One U.S. business community person told Reuters the Mintz Group incident … “Red alerts should be going off in all boardrooms right now about risks in China,” the source, who did not wish to be…
Biden’s Options on TikTok Narrow After Beijing Pushes Back
China’s opposition to a sale of the app leaves the president to challenge that stand or consider seeking a ban, which would face its own obstacles.
China is a ‘relative safe haven’ in the face of global banking stress, Citi economists say
Now those controls have ended and policymakers have sent clearer signals on regulation.”The activity momentum could pick up further from here, with auto sales improving and property sales stabilizing, …
Estonia says China’s peace plan to end Ukraine’s war is ‘extremely unfair’
China’s peace proposal to end the war in Ukraine is “extremely unfair,” since the plan doesn’t respect the territorial integrity of the country, said the permanent secretary of Estonia’s Ministry of …
China OKs its first mRNA vaccine, from drugmaker CSPC
BEIJING, March 22 (Reuters) – China has approved its first domestically developed mRNA vaccine against COVID-19, CSPC Pharmaceutical Group Ltd (1093.HK) said on Wednesday, a major achievement in a …
China Will ‘Firmly Oppose’ Sale Of TikTok In US
China warned that the Biden administration’s proposal for a forced sale of ByteDance’s shares in TikTok would severely undermine Chinese investors’ confidence in the U.S. Chinese authorities also …
China’s new premier, Li Qiang, takes pro-private sector campaign on the road
Li targets embattled export and manufacturing sectors with stops in Guangdong and Hunan He telegraphs the same message he sent more than a week earlier as he took on the role Li Qiang has sought…
