The United States has a problem. As China threatens war on democratic Taiwan (a war the U.S. may well lose if it joins), steals vast quantities of intellectual property, and provides Russia political cover for…
Monthly Archives For April 2023
China Mobile invests billions in cloud infrastructure
China Mobile has invested nearly 90 billion yuan (about 13.07 billion U.S. dollars) in cloud infrastructure construction in the past three years to provide cloud computing services, the company said …
China’s banking sector’s bad loan ratio declines- regulator
China’s banking sector saw its non-performing loan ratio decline 0.09 per centage points year-on-year to 1.68 per cent at the end of the first quarter this year, the sector’s regulator said on …
Global Watch | China Chronicles: How China is ‘hijacking’ the global institutions
China has systematically infiltrated not only the various bodies of the United Nations but also several other global institutions. US Congressional Service, Rand Corporation, German Marshall Fund (GMF …
Yuan overtakes dollar to become most-used currency in China’s cross-border transactions
The yuan was used in 48.4% of all cross-border transactions, Reuters calculated, while the dollar’s share declined to 46.7% from 48.6% a month earlier …
Coronavirus Alert! China Reports 275 New COVID-19 Sub-variants In A Week, Says Report
It turns out the coronavirus hasn’t disappeared yet. Over 270 new sub-variants of COVID-19 have emerged in China in just one week.
China detains Taiwan-based man who published books critical of Communist Party
A Taiwan-based book publisher has been placed under investigation in China on suspicion of “endangering state security,” Beijing said Tuesday amid mounting concern over his disappearance.
Micron case causing concern for US companies in China, business chamber says
Leaders from a top U.S. business lobbying group said on Wednesday that Beijing’s probe against U.S.-based chipmaker Micron Technology Inc marked a “major concern” for other companies operating in the country.
COVID-19 situation stable in China despite slight uptick in cases
He Qinghua, an official with the National Administration of Disease Prevention and Control, said during a news conference that China’s epidemic situation remains stable, but new infections appear to be gradually increasing in some areas.
A man in China kidnapped his own granddaughter for a $72,000 ransom so he could continue gambling: report
The man, known by his surname Yuan, sought $72,000 from his daughter and son-in-law to pay off his gambling debt, per local media reports.
China’s central bank digital currency takes a bigger place on WeChat’s platform
China’s central bank has been trying to ramp up the adoption of digital yuan, or e-CNY, which forms part of the country’s monetary base, M0. The bank has a designated app for e-CNY that crossed…
Net profit of China’s top liquor brand posts strong growth in Q1
China leading liquor maker Kweichow Moutai posted a net profit of about 208 billion yuan about 3 billion US dollars in the fi …
Shenzhen positively poised to begin large cooperation efforts with five Mekong countries
The opening of China-Laos Railway has provided new opportunities of cooperation between Shenzhen and the five Mekong countries for travel and the transportation of goods, which will not only bring …
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