HANGZHOU, China (AP) — The Asian Games wrapped up Sunday with China dominating the medal count, followed by Japan and South Korea. China has traditionally been strong in the event and it was again, taking…
Monthly Archives For October 2023
China to increase efforts in computing power
China will step up efforts to build its computing power, which will give the country an edge in building up its digital economy and injecting new vitality into the intelligent transformation of its …
Citigroup to sell China consumer wealth business to HSBC
Citigroup Inc said on Monday that it had agreed to sell its China consumer wealth portfolio, including clients, assets under management (AUM) and deposits, to Asia-focused HSBC Holdings Plc. The deal …
Citigroup to sell China’s consumer wealth business worth $3.6 bn to HSBC
The deal covers total deposits and investment AUMs of about $3.6 billion, and is expected to close in the first half of 2024. Financial details of the transaction were not disclosed …
China Is Becoming a No-Go Zone for Executives
Beijing’s tough treatment of foreign companies this year, and its use of exit bans targeting bankers and executives, has intensified concerns about business travel to mainland China. Some companies …
Bottled opportuni-tea: China’s traditional tea sector must overcome stiff competition and price barriers to expand exports
Traditional China tea brands believe that bottled, ready-to-drink product formats are the industry’s gateway into international markets and appealing to younger consumers – but faces major hurdles in …
Are Chinese stocks regaining favour? More fund managers predict better returns ahead as economy mends, US-China tensions ease
Matthews International Capital Management says stocks are more likely to get better in the coming quarters as data, US-China ties improve ‘The economy is doing better than it gets credit for,’ fund …
Beijing Hyundai cuts asking price for Chongqing auto plant by 30%
Beijing Hyundai Motor has cut the minimum asking price for its auto plant in the southwestern Chinese city of Chongqing by almost 30% to 2.58 billion yuan ($353.38 million) after putting it up for …
Analysis: Inside Asia’s arms race: China near ‘breakthroughs’ with nuclear-armed submarines, report says
A submarine arms race is intensifying as China embarks on production of a new generation of nuclear-armed submarines that for the first time are expected to pose a challenge to growing U.S. and allied …
US lawmakers want China export bans to include open source tech like RISC-V
Senator Marco Rubio opined “Communist China is developing open source chip architecture to dodge our sanctions and grow its chip industry,” adding “If we don’t broaden our export controls to include …
China’s high-tech advancement cannot be checked
As some observers have said, the US cannot contain China’s development by controlling high-tech exports. At best, it can delay China’s progress. China’s journey to become self-reliant in high-tech is …
China’s exhibition industry experiences robust resurgence
Visitors browse exhibits at the home accessories exhibition area during the 133th China Import and Export Fair — Canton Fair — in Guangzhou, Guangdong province, on April 23. DENG HUA/XINHUA 1,947 biz …
Why Swiatek’s Beijing win was an important moment of self-discovery
After losing her No.1 ranking in New York, Iga Swiatek arrived at the China Open burdened with doubts. She departed brimming with confidence.
