Chinese authorities are likely to announce a fine of at least 8 billion yuan ($1.1 billion) on Ant Group as soon as Friday, sources with direct knowledge of the matter said, bringing an end to…
Monthly Archives For July 2023
China to ban food imports from Japan citing concerns over nuclear contaminated water
The ban was to prevent the export of radioactive contaminated Japanese food to China and protect the food safety of Chinese consumers’ imports.
Yellen seeks to calm a fraught but close-knit US-China trade relationship
As U.S. Treasury Secretary Janet Yellen tries to steady an increasingly tense relationship with China, the world’s two largest economies remain tightly linked, but are showing some signs of future …
Vietnam Concert Organizer Apologizes After Blackpink Entangled in China Map Controversy
T he organizer of Blackpink ’s Vietnam concerts scheduled for Hanoi later this month apologized for publishing China’s controversial South China Sea territorial map on one of its websites and pledged …
4 things making it harder for Janet Yellen to repair the US-China relationship
As US Treasury Secretary Janet Yellen gears up Friday for two days of meetings with officials and economists in Beijing, she has a tough job: to stabilize a fractious relationship that worsened this …
How China exploits globalism to its advantage
Globalism and the mindset that accompanies it contributed greatly to China’s dramatic rise and has roots in the years of Bill Clinton’s presidency.
China to accelerate AI industry policies
Photo/VCG] China will accelerate the research and formulation of artificial intelligence industry policies, and increase innovation and research on foundational technologies such …
Goldman Targeted by China State Media for Bearish Bank View
A state-owned Chinese newspaper issued a rare rebuttal of Goldman Sachs Group Inc. research after the securities firm’s analysts recommended selling shares of local banks, the latest sign of official …
Savers in China trek hundreds of miles for higher bank deposit rates
Dan Chenmade a 270 km return train trip from Shenzhen to neighbouring Guangzhou to deposit one million yuan (S$186,700). Read more at straitstimes.com.
China urges concrete actions by US on economic, trade ties
China’s Ministry of Finance said on Friday that China urges the United States to take concrete actions for healthy development and mutually beneficial cooperation of the economic and trade ties …
Yellen to discuss US-China ties, global economic outlook in Beijing
US Treasury Secretary Janet Yellen begins a full day of meetings in Beijing including with Premier Li Qiang on Friday, as Washington seeks to steady the tense relationship between the world’s top two …
China hopes US will take ‘concrete actions’ for healthy trade relations
China hopes the US would take “concrete actions” to create a favorable environment for the healthy development of bilateral economic and trade ties, Chinese finance ministry said in a statement on …
China to ban food imports from Japan citing safety reasons
China will ban the import of food from about one-fifth of Japanese prefectures for safety reasons, Chinese customs said on Friday, citing Japan’s move to discharge nuclear contaminated water into the …
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