Blockchain Global’s ACX.io cryptocurrency exchange was the … contained on a laptop computer that was stolen from an airport in China in December 2019. “It’s not like normal tracing of funds — in …
Monthly Archives For October 2023
World Bank slashes China growth forecast for next year
China’s economy hasn’t grown so slowly since 1990, besides the unprecedented years of 2020 and 2022 due to the coronavirus pandemic. While the rate for 2023 remains unchanged, the bank has downgraded its growth forecast…
China Focus: China a thriving test ground for NEV technologies
In its latest work plan for the auto industry, the Chinese government said it aims to bring this year’s NEV sales to 9 million units, an increase of 30 percent year on year. It also…
Hedge funds see Mexico and Ecuador as China alternatives
That’s because China-West tensions and the COVID-19 shock have disrupted global supply chains. Washington has pushed the idea of “friendshoring”, replacing China’s role in supply chains with friendly nations, with Mexico identified by economists as…
Hong Kong could be a ‘tailwind’ for lagging crypto activity in Asia: Chainalysis
Despite China’s cryptocurrency ban in 2019, Hong Kong could be the key to bringing more digital asset activity back to the East Asia region, according to blockchain analytics firm Chainalysis.
China’s BYD poised to overtake Tesla as world’s biggest seller of electric vehicles
HONG KONG – BYD is poised to overtake Elon Musk’s Tesla as the world’s biggest seller of electric vehicles (EVs) as the Chinese automaker’s global sales push gains greater traction.
LVMH’s duty-free unit bets on China luxury hub with mega mall
It’s part of a series of commitments the company is making in the country, DFS China president Nancy Liu said. The expansion highlights global brands’ increasing understanding that China’s wealthy …
Chinese toy company Pop Mart opens Beijing theme park
Following in the footsteps of Disney and Studio Ghibli, China’s Pop Mart brand has expanded into the theme park business.
US and Philippines launch military drills with partners as China tensions mount
The United States military kicked off two weeks of multilateral exercises with its Philippine allies and multiple international partners on Monday amid rising tensions between Manila and Beijing over …
China Is Suffering a Brain Drain. The U.S. Isn’t Exploiting It.
China’s brightest minds, including tech professionals, are emigrating, but many are not heading to America. We spoke to them to ask why.
World Bank Sees China’s Growth Sputtering to Slowest Rate Since 1960s
Hours after the People’s Republic of China celebrated its 74th birthday October 1 with fireworks and flowers, the World Bank cut its forecast for the country’s growth next year. The World Bank said in …
Micron on the docket as US Senators head to China amid probe
The bipartisan group of lawmakers is heading to China next week and among other things will raise the issue of Micron’s ability to do business in the company, Bloomberg reported, citing Senator Mike …
US reportedly warns China on chipmaking tool export curb update
As the anniversary of the US’s export ban against China approaches, the White House is reportedly expected to impose stricter curbs on advanced technologies in early October, which the US had warned …
