Former Chinese Foreign Minister Qin Gang, who has been missing from public sight last June, has resigned from the national legislature, according to state media reports.
Monthly Archives For February 2024
China’s State-Backed Funds Have Bought $57 Billion of Stocks, UBS Says
China’s state-backed funds have poured more than 410 billion yuan ($57 billion) into onshore shares this year in a bid to prop up the market, according to estimates by UBS Group AG, which expects …
Why isn’t China letting Russia take out yuan loans in their ‘no-limits’ partnership?
Analysts say that while enhanced financial ties between the two countries could help internationalise China’s currency, Beijing tends to play it safe when upholding its neutrality regarding the war in …
Alibaba’s Co-founder Tsai Shares Vision for E-commerce Dominance Amidst Challenges
Chinese e-commerce giant Alibaba is poised to reclaim its position as a leading market force following a period of challenges, according to co-founder Joe Tsai in an exclusive interview with CNBC’s …
Shein considers London listing if US IPO blocked over ties to China
This month US senator Marco Rubio wrote an open letter to SEC chair Gary Gensler urging the regulator to demand “enhanced disclosures” from the company to approve the IPO. He wrote that Shein’s move …
Beijing-Tianjin-Hebei region rises into world-class urban cluster
China will boost the coordinated development of the Beijing-Tianjin-Hebei region to a new level, an official of the National Development and Reform Commission (NDRC), the top economic planner, said on …
China Mobile calls for narrowing B2B capability gap
China Mobile chairman Yang Jie cautioned wide differences between businesses in their access to computer power and ability to share data are major challenges to driving industrial transformation and …
China’s next cultural export could be TikTok-style short soap operas
they could be China’s next big cultural export. Short dramas like Adored by the CEO are often adapted from another cultural product that is distinctly Chinese: web novels. Web novels are a unique form …
China’s import logistics log robust growth in 2023
China’s import logistics registered steady expansion in 2023, data from the China Federation of Logistics and Purchasing showed. The country’s total value of import logistics stood at 18 trillion yuan …
China’s EV Champion is Coming for Your Gas Powered Cars, Too
Competition in China’s car market is getting even more intense. That means cheaper Chinese electric vehicles. It is also terrible news for China’s competitors abroad.
China’s Electric Vehicles Are Going to Hit Detroit Like a Wrecking Ball
It happened very quickly — so fast that you might not have noticed it. Over the past few months, America’s Big Three automakers — Ford, General Motors and Stellantis, the oddly named company that owns…
LG, Bosch, and Sony Exit Russia, Making Way for Turkish and Chinese Brands
LG, Bosch, and Sony, known for their home appliances and electronics, are shutting their doors across Russia, a move initiated by the halt of product supplies since the onset of the Ukraine conflict.
China’s Spy Comic Teaches Citizens How To Catch Foreign Agents
MSS has launched a public outreach campaign via WeChat in recent months to inform people about the threat posed by foreign intelligence organizations. China considers its bilateral relationship with …
