Asian equities had a strong start to the week though Southeast Asia was mostly lower. Mainland China and Hong Kong opened down but made strong positive moves in the afternoon.
Monthly Archives For May 2023
China’s Fuzhou City Offers Cash Subsidies To Attract Blockchain Companies
Fuzhou City, located along China’s southeastern coast, has unveiled a series of incentives to attract blockchain-related companies …
Russia Has Become China’s ‘Junior Partner,’ Says Britain’s Former PM
An emerging alliance between the two authoritarian giants is “very real” and has been deepened by the war on Ukraine, Liz Truss told Newsweek.
Consultancy firms in China tested limits before Beijing’s crackdown
China’s clampdown on its consultancy and due diligence sector has driven companies to review their operations after some tested the limits of laws to meet surging demand as China emerged from …
Absa Group plans to open office in Beijing to serve Chinese firms with operations in Africa
The Pan African lender, which expects to launch the advisory office by the year-end, is awaiting approval from South African authorities.
China braces for record-breaking temperatures as major cities issue heat advisories
China is gearing up for another summer of scorching temperatures as major cities issued heat advisories this week, with Beijing experiencing temperatures in the mid-thirties on Monday. Potentially record-breaking temperatures are set to pose a…
CEOs realize they’re ‘at risk’ by doing business in China: Gordon Chang
Gatestone Institute senior fellow Gordon Chang on whether the U.S. will address China concerns or sanctions ahead of the G-7 summit.
China central bank to keep liquidity ample, support economic recovery
China’s central bank said on Monday it would keep liquidity reasonably ample and interest rates reasonable and appropriate, focusing on supporting domestic demand amid uncertainties. The People’s Bank …
EU Exec Backs Kyiv Peace Plan as China Starts ‘Political Settlement’ Tour
European Commission President Ursula von der Leyen spoke as a top Chinese envoy began a tour of Europe that Beijing says is aimed at discussing a “political settlement” to the war in Ukraine, now in…
For easy living and California vibes, China’s digital nomads flock to ‘Dalifornia.’ Can it last?
The southwestern Chinese city of Dali has become a haven for digital nomads and others seeking a carefree lifestyle.
Ford says it will reduce costs to boost China business
Ford said on Monday it was working to reduce costs in China as it strives to recover from a long sales slump in the world’s largest auto market.
Chinese envoy to visit Ukraine, Russia on ‘peace’ mission
Li Hui will also visit Poland, France, Germany on the multi-day trip.
China sentences US citizen, 78, to life in prison on spying charges
China sentenced a U.S. citizen to life in prison on spying charges on Monday, but details of the charges have not been released. He was detained by Chinese officials in 2021.
