HONG KONG — HSBC on Monday announced it is acquiring competitor Citi Group’s retail wealth management business in China, as the U.S. bank continues to wind down the Asian consumer franchise business that it started…
Monthly Archives For October 2023
Ex-chairman of China Everbright Group Li expelled from Communist party and post
Former party chief and chairman of China Everbright Group Li Xiaopeng was expelled from the Communist Party and his post for severe violations of discipline and law including bribery, Chinese state broadcaster CCTV reported on…
Humor in the Headlines Over China in Latin America
In a break from its hysterical coverage of the existential threat posed by Donald Trump, the Washington Post – house organ of the Democratic National Committee – cautions us of the other menace, China.
China is willing to import more quality agricultural products from Nepal: Ambassador Chen
Chinese Ambassador to Nepal, Chen Song, has said that a series of fruitful results has been achieved since Nepal and China inked a Memorandum of Understanding on Belt and Road Initiative (BRI) in 2017 …
Beijing Hyundai Motor cuts asking price for China auto plant by 30%
Beijing Hyundai Motor has cut the minimum asking price for its auto plant in China’s southwestern city of Chongqing by almost 30%, to 2.58 billion yuan ($353.38 million), after putting it up for sale …
In Beijing, Schumer urges China to support Israel after Hamas attacks
U.S. Senate Majority Leader Chuck Schumer on Monday called on China to support Israel after deadly attacks by Hamas, adding he was “disappointed” that Beijing showed “no sympathy” for the country over …
There Is No Consensus on American Decline in Beijing
It is inaccurate – and dangerous – to assume that Chinese policy elites broadly perceive the U.S. to be in perpetual decline.
Flawless Swiatek powers past Samsonova to claim Beijing title
World number two Iga Swiatek eased to a WTA Tour-leading fifth title this year by crushing unseeded Russian Liudmila Samsonova 6-2 6-2 in the China Open final on Sunday to tighten her battle with …
China’s Country Garden faces fresh debt payments, could announce restructuring soon
China’s Country Garden may announce a restructuring plan for its offshore debt soon, local media reported on Monday, as the country’s largest private property developer faced another looming debt deadline.
Top diplomat Wang hopes US, China can ‘rationally’ manage differences
China’s top diplomat said Monday he hoped Washington and Beijing could manage their differences “more rationally” as he met with visiting senior American lawmakers.Meeting with Schumer at Beijing’s Diaoyutai State Guesthouse,
How real-world application of blockchain can overhaul govt, enterprise, startups
With a surge in cyber threats and data privacy regulations, blockchain acts as a transparent solution for challenging use cases that are traditionally hard to safeguard with conventional …
Shenzhen Proposes Ending Patent Grant Subsidies Two Years Early
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China’s domestic tourism is finally back to pre-pandemic levels
China’s big “Golden Week” holiday saw domestic tourism rebound to around pre-pandemic levels, while overseas travel had yet to fully recover.
