China’s foreign ministry said on Wednesday the country took appropriate action in response to India’s treatment of Chinese journalists, following reports Beijing had denied visas to Indian reporters.
Monthly Archives For May 2023
China preparing for new coronavirus peak in June
The number of COVID-19 infections in China during the second wave peak could reach 65m per week – as informed by China’s chief …
China’s farm ministry seeks to salvage damaged wheat
China’s agriculture ministry is urging local authorities to speed up the harvesting and drying of damaged grain, after heavy rain flooded fields of ripe wheat in the country’s most important growing region.
China Telecom establishes quantum technology group
China Telecom has invested 3 billion yuan ($434 million) to establish the China Telecom Quantum Information Technology Group Co., it said in a statement on its official WeChat account Tuesday.
Exclusive-Credit Suisse Aborts China Bank Plan to Avoid Regulatory Conflict Under UBS-Sources
Credit Suisse had been planning over the last few years to set up a wholly owned local bank in China that would have boosted its presence in the country by allowing it to set up…
China’s Vietnamese durian imports seen pushing total demand for fruit to nearly 1 million tonnes a year
Durian has rapidly become the most popular imported fruit in China, and cities bordering Vietnam are stepping up logistics to ensure that fresh supplies can reach any Chinese city in just 1-3 days.
China’s Geely in early talks to enter Thailand EV market -sources
Major Chinese automaker Geely is in the early stages of planning an entry to Thailand’s electric vehicle (EV) market, including weighing models for import and local manufacturing, according to two …
Asia stocks hit by slide in China factory activity, jitters over U.S. debt-ceiling vote
Uncertainty about U.S. government debt was adding to market anxiety over signs global economic activity is slowing.
Cargill to sell China protein business to private equity firm DCP Capital
U.S. agribusiness giant Cargill has agreed to sell its protein business in China to private equity firm DCP Capital, the U.S. company said in a statement on Wednesday.
China warns of artificial intelligence risks, calls for beefed-up national security measures
China’s ruling Communist Party is calling for beefed-up national security measures, highlighting risks from artificial intelligence. The official Xinhua News Agency said a meeting headed by party leader and President Xi Jinping on Tuesday urged…
UN says concerned about lack of women in China’s top government
An absence of women among China’s top leadership is concerning, the United Nations said in a report, as it recommended China adopt statutory quotas and a gender parity system to quicken equal representation of women…
Hong Kong stocks enter bear market territory as China reopening optimism continues to fade
The Hang Seng index is 20% below its recent peak – a stark contrast to the reopening optimism that had once driven Asia-Pacific’s benchmark index to a bull market.
The yuan’s depreciation may benefit China’s export demand, portfolio manager says
Daisy Li of New Capital says there isn’t a “very strong” upside for the Chinese yuan at the moment.
