European leaders’ efforts to gain a diplomatic foothold with China have been frustrated by President Xi Jinping’s decision to skip this week’s G20 summit in New Delhi. Capitals are increasingly of the …
Monthly Archives For September 2023
China’s biggest homebuilder just dodged default. It faces a rocky road ahead
Chinese property giant Country Garden has twice narrowly avoided defaulting on its debt in a matter of days. But it’s not home free.
China July-Aug economic losses from disasters double from first six months
China’s direct economic losses from natural disasters in July to August ballooned to 75.37 billion yuan ($10.31 billion), nearly double of losses in the first six months, driven by extreme rainfall …
China warns against ‘new Cold War’ at ASEAN summit
Chinese Premier Li Qiang said on Wednesday it is important to avoid a “new Cold War” when dealing with conflicts between countries as world leaders gathered in Indonesia amid sharpening geopolitical …
Bank of China Offers Retail Payment Integration for Digital Yuan
this development signifies a significant step towards realising China’s vision for a future powered by digital currency. Shashank is the founder of yMedia. He ventured into crypto in 2013 and is an …
India’s manufacturers cash in as brands seek refuge from US-China tensions
Dixon is among the many Indian firms capitalising on Prime Minister Narendra Modi’s bid to boost manufacturing in the country as global brands look to diversify their suppliers away from China amid …
China’s premier is on a charm offensive as ASEAN summit protests Beijing’s aggression at sea
Countering renewed alarm over Beijing’s aggression in the disputed South China Sea, Li cited China’s long history of friendship with Southeast Asia, including joint efforts to confront the coronavirus …
China Bans iPhone Use for Government Officials at Work
The directive is the latest step in Beijing’s campaign to cut reliance on foreign technology and could hurt Apple’s business in the country.
China is now ordering government officials not to use iPhones for work, amid a Washington and Beijing tech war: WSJ
China has ordered its central government officials not to use … DC did not immediately respond to a request from Insider for comment sent outside regular business hours. Sign up for notifications …
State-backed tourism booms in China’s troubled Xinjiang
Chinese travellers throng the bazaars of old Kashgar, munching mutton kebabs and soaking up heavily commodified Uyghur culture — part of a government push to remould troubled Xinjiang into a tourism paradise.
Big Tech Braces for Digital Markets Act Update; Arm Increases IPO to up to $51 a Share
In today’s ExchangeWire news digest: tech firms in the US prepare for EU regulators’ update to the Digital Markets Act; Arm increases its IPO to USD$47 – USD$51 (~£37 – £40) a share; and Baidu…
China’s yuan touches 10-month low before paring some losses as state banks step in
China’s yuan fell to a 10-month low against a buoyant dollar before paring some losses on Wednesday, as state banks stepped in to offer support to prevent the local currency from sinking further.
China, Saudi Arabia enter ‘new stage’ of financial cooperation as state-owned bank opens Riyadh branch
China’s most internationalised state bank on Tuesday opened its first branch in Saudi Arabia in a move to expand the use of yuan amid a growing number of economic deals between the two countries. Bank…
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