This aerial photo taken on July 4, 2023 shows a bird’s eye view of the start-up area in Xiong’an New Area, north China’s Hebei Province. China announced plans to establish the Xiong’an New Area on…
Monthly Archives For July 2023
Biden warned China’s Xi on West’s investment after Putin meeting
U.S. President Joe Biden told Chinese President Xi Jinping following his meeting with Russia’s Vladimir Putin to “be careful” because Beijing relies on Western investment, according to excerpts from an interview with CNN.
Biden admin is ‘late’ in developing trade relationships with China: Ret. Lt. Gen. Kellogg
Ret. Lt. Gen. Keith Kellogg joins ‘Maria Bartiromo’s Wall Street’ to discuss questions over benefits from the Biden administration’s visit to China.
Crypto could be deceptively fragile amid mirage of equity bull market
It’s impossible to analyse Bitcoin without casting an eye around the macro landscape and assessing what is happening with other asset classes. None more so than equities, with which Bitcoin’s …
China fines Ant Group, Tencent’s Tenpay and other fintech companies, bookending crackdowns to ‘normalise’ supervision
Analysts believe the 7.123 billion yuan (US$984.33 million) fine puts to an end the saga of the regulatory crackdown on the fintech giant, which operates the popular payment app Alipay.
US, China pledge ‘healthy’ economic ties as Yellen visits Beijing
US Treasury head’s trip is latest effort to stabilise relations, but few breakthroughs expected amid ongoing disputes.
Yellen opens Beijing trip by criticizing China on treatment of US companies
Treasury Department Secretary Janet Yellen opened her trip to Beijing by criticizing Chinese treatment of U.S. companies, pointing out the conditions that they have faced while operating in China, …
Goldman’s China banks downgrade based on ‘pessimistic assumptions’ -state media
Goldman said in a report on Wednesday that it had downgraded Agricultural Bank of China (AgBank) from “Neutral” to “Sell,” while cutting Industrial and Commercial Bank of China (ICBC) and Industrial …
Amid clouds of economic uncertainty, China welcomes US treasury secretary with hope – and a rainbow
US Treasury Secretary Janet Yellen stepped off her plane in Beijing after a long flight from Washington to be greeted by smiles – and a rainbow. Yellen touched down in Beijing on Thursday afternoon, …
Despite China smartphone market contraction, Apple is still expanding
As smartphone markets all across the globe wither away, China saw only two manufacturers pick up any new growth so far in 2023 — and Apple is one of them.
The Pentagon Will No Longer Offer Support to Moviemakers Who Censor Their Movies for China
A Pentagon document that says the U.S. military will no longer offer technical assistance to filmmakers unless they offer a pledge that the final product won’t be altered for approval from the Chinese government.
China wraps up fintech crackdown with big fines on Tencent, Alibaba
The regulatory crackdown that has shaken up China’s fintech industry since late 2020 appears to be coming to a close with the imposition of hefty fines on the country’s two digital payments giants.
China’s Export Curb on Chip-Making Metals Prompts Countries to Explore Supply-Chain Diversification
Beijing’s decision to curb exports of rare minerals alarms South Korea and Japan.
