China’s local government financing vehicles, the companies that borrow on behalf of provinces and cities to finance mainly infrastructure projects, have 4.65 trillion yuan ($651 billion) worth of …
Monthly Archives For January 2024
China steps up aid for regional banks as economic risks mount
Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your … are also being used to hasten mergers of weak lenders in China’s indebted regions, which are struggling …
Alibaba was once a Wall Street darling. After plunging 75% over three years, what’s next?
It’s been a tumultuous 12 months for Alibaba, casting doubt on the future of the tech giant just as artificial intelligence is taking off.
China’s top newspaper calls for government to kill crypto
China’s most influential legal newspaper, Legal Daily, published by the Chinese Communist Party’s (CCP) Central Commission for Political and Legal Affairs, has issued a clarion call for a more …
Wall Street’s Ambitions in China Run Into a Rising Firewall
One of Wall Street’s biggest banks stopped briefing the head of its subsidiary in mainland China on sensitive company strategy, so the government can’t eavesdrop or demand details later.Most Read from …
Taiwan will publish analysis of China’s alleged election interference post vote
Taiwan is documenting its experiences with China’s alleged attempts to interfere in elections next week and will publish its analysis soon after the vote. Taiwan’s government has pointed to military …
China’s Dec services activity expands at quickest pace in 5 months – Caixin PMI
China’s services activity expanded at the fastest pace in five months thanks to a solid rise in new business, a private-sector survey showed on Thursday, lifting the degree of optimism in the sector …
Russia’s tech imports from China soar 10x
Deliveries of China-manufactured advanced machinery such as microchips are up tenfold since the beginning of 2022, showcasing a booming bilateral trade relationship that has largely circumvented …
China’s Film Industry Sees Impressive Recovery, Hits $7.7 Billion Box Office
According to the China Film Bureau, on the 2nd, the box office revenue of Chinese films last year recorded 54.915 billion yuan (approximately $7.7 billion). This is a sharp increase compared to …
China state daily calls crypto a corruption channel, urges crackdown
The Chinese Communist Party publication Legal Daily has run an article calling for more measures against cryptocurrency transactions, which are already illegal in the country.
Tencent, China tech stocks dismiss sign of easing curbs on gaming
“Sentiment was hit by the share-price ‘flash crash’ of Dec 22, but the recent more conciliatory tone from China’s National Press and Publication Administration supports our view that the basic outlook …
Thermo Fisher Says It Has Halted Sales of DNA Technology in Tibet
Instrumentation maker Thermo Fisher Scientific said it no longer sells certain DNA-based human-identification products in Tibet, building on a similar sales halt to China’s Xinjiang region …
Wild Video Shows Debris From a Chinese Satellite Raining Down Near Residential Homes in Beijing
Debris from a Chinese satellite launched last week came raining down from the sky, causing chaos on the ground in Beijing. On Christmas, the China National Space Administration launched two satellites …
