Venture funding, opening research labs and bringing new brands to the market aim at boosting competition with homegrown companies.
Monthly Archives For May 2023
China’s financial overhaul continues with banking veteran Li Yunze named party chief of new regulatory body
Banking veteran Li Yunze has been appointed as the party chief of China’s new financial regulator, the National Financial Regulatory Administration, amid Beijing’s shift to prioritise financial …
Chinese companies showcase newest products and achievements at brand exhibition
Domestic companies have adopted rich formats to showcase the latest technological breakthroughs at the 7th annual China Brand Day event, which opened on Wednesday. The Exposition on China Indigenous …
Big U.S. firms adopt cautious tone on China recovery
Several U.S. companies, including PepsiCo, Qualcomm and Cummins, struck a cautious note on their growth prospects in China, blaming what they said was a slower-than-expected recovery after the country …
Germany calls China systemic rival, seeks clarity on Russia
Germany’s foreign minister described China on Wednesday as increasingly becoming a “systemic rival” on the world stage, and urged Beijing to call out Russia as the aggressor in the war in Ukraine.
Lula’s China Embrace Promises Environmental—and Moral—Pollution | Opinion
Luiz Inácio Lula da Silva made environmental protection a central promise of his campaign for the presidency of Brazil.
U.S. opens embassy in Tonga in new pushback against China in the Pacific
The embassy announcement came after the White House said on Tuesday that President Joe Biden will become the first U.S. sitting president to visit Papua New Guinea this month.
China urges giant state firms to be tech ‘pillars’ in self-reliance drive
China has urged big state-owned enterprises (SOEs) to play a key role in its drive to attain self-reliance in technology, raising the stakes in the race amid rifts with the United States.
China’s Latest Crackdown Will Spook Global Investors
China’s launch of a nationwide“anti-spy crackdown” on consulting firms will be a major concern for global investors who were just starting to consid …
Reluctant critic China urges Afghan changes on women’s roles
China is calling on Afghanistan to stop excluding women from education and public life and adopt a more resolute attitude in combating terrorism
The Elusive Fix for China’s Budget Crisis
Property taxes would help local governments that are sinking further into debt. But after years of talk, officials have yet to introduce a real estate tax.
Hong Kong Warns ‘Regulations Will Be Tight’ As It Opens Doors To Crypto Companies In June
Hong Kong has had very tight cryptocurrency regulations over the past few years, but these have reportedly been reduced to a much lower, “reasonable and sustainable level.
Shenzhen reports decrease in population
The southern boomtown of Shenzhen reported a slight population decrease for 2022 — a first since the city’s founding in 1979. According to the Shenzhen municipal bureau of statistics, the city had …
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