BEIJING, April 6 (Reuters) – China’s central bank will smoothly promote digital yuan trials and continue to explore applications for the digital currency, according to a statement it released on …
Monthly Archives For April 2023
China still riding boost from reopening as foreign investors answer the call, add US$7.2 billion of equities in March
Inflows into China’s yuan-denominated equities in March stood at US$7.2 billion, up from a rise of US$3.3 billion in February, according to the Institute of International Finance (IIF).
South Korean biotech companies seek to diversify from China as US tensions rise
“We’re trying to reduce our reliance on cheaper raw material imports from countries like China and develop more domestic materials to secure supply chain stability as the US-China conflict intensifies …
China’s military aims to launch 13,000 satellites to rival Elon Musk’s Starlink
In the race for low-earth orbit dominance, Beijing is years behind SpaceX and worried about the national security threat.
China plans $500 million subsea internet cable to rival U.S.-backed project
Chinese state-owned telecom firms are developing a $500 million undersea fiber-optic internet cable network that would link Asia, the Middle East and Europe to rival a similar U.S.-backed project, …
US, China rivalry is threatening to split the Internet in two
Chinese state-owned telecommunications firms are developing a $500-million undersea fibre-optic Internet cable network to rival a similar US-backed project.
French President Emmanuel Macron turns to China’s Xi Jinping to push for Russia-Ukraine peace talks
The Kremlin, however, rejected any idea of Chinese mediation on Thursday, saying it’s not the time for a political solution in Ukraine.
Airbus widens its lead over Boeing in China with plans for second finishing line there
So far this year it has delivered only one 777 freighter to China Air Cargo, and there were only 12 jets delivered in 2022: eight freighters and four to a leasing company. In 2017, the…
Buzzin’ with the bees: Driver in China unfazed by full bee nest on car’s ceiling
A driver and his two passengers weren’t worried as they took a ride in a car full of bees in Huangshan City, China.
China Manufacturing Tops 2023 Supply Chain Risk Factors
In the report, the risk analytics firm cited that the Chinese authorities still haven’t provided a clear roadmap for exiting the pandemic, noting that “China’s rapidly changing Covid-19 policies …
Mexican president asks China for help in fight against fentanyl
Only after several paragraphs of venting, López Obrador brings up China’s exports of fentanyl precursors, and asked him to help stop shipments of chemicals that Mexican cartels import from China. “I …
The Stakes are High at China’s 133rd Canton Fair
U.S. Census Bureau data showed that China imports to the U.S. dropped 22 percent from January to February. Imports fell more than 31 percent from the same period a year prior, from $42.2 million to…
China denies fueling the fentanyl crisis: ‘The root cause lies in the US itself’
A spokesperson said Beijing was never informed by Mexico of ‘the seizure of scheduled fentanyl precursors from China’ …
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