China approved licences for 32 imported online games for 2024, its press and publication administration said on Friday in a statement on its website. Among the games approved by the regulator are two …
Monthly Archives For February 2024
No, Chinese scientists did not ‘create COVID-19 strain that is 100% lethal’
No, Chinese scientists did not create a COVID-19 strain that’s 100% lethal to mice.
China plans big tech move to rival Elon Musk’s Neuralink by 2025
China plans to develop brain-computer products by 2025, challenging Elon Musk’s Neuralink. The Ministry of Information Technology outlines goals.
Winged island creature — with a ‘vivid’ pattern — discovered as new species in China
On an island off the coast of China, a winged creature with a “vivid” pattern fluttered about until something caught its attention. The animal flew toward a glowing light — and found itself trapped.
China is merging hundreds of small banks to fend off financial stress
China looks to curb the bad loan environment of its rural communities, Bloomberg reported.
The surprising resilience of cryptocurrencies in China
Despite the government’s best efforts to turn the lights off and shoo everyone away, crypto has clung on with surprising tenacity. According to a recent report by Kyros Ventures, supported by insights …
Beijing hasn’t been able to stop foreign investors from fleeing China’s stock market
The lack of supportive policy in China has led to a record six consecutive months of selling, with January outflows hitting $2 billion, per Bloomberg.
Hyundai will ‘take the bull by the horns’ with a new EV brand in the world’s biggest market
China is the undisputed EV market leader. Fully electric vehicles accounted for over 23% of new car sales last year in China, with 6.68 million units sold. That’s up from 12% just two years ago…
Wilson tennis racket maker Amer Sports opens at $13.40 per share in market debut after pricing IPO at $13
Amer Sports, the athletic company behind the Wilson tennis racket and Arc’teryx, will begin trading on the New York Stock Exchange after discounting shares.
South Africa’s Absa group to open office in Beijing
South Africa Absa Group a Johannesburg-based leading pan-African bank has announced that it will open a non-banking subsidiary in Beijing the capit …
Amer Sports discounts IPO as investors fret about its reliance on China
Amer Sports raised $1.37 billion in a discounted U.S. initial public offering (IPO) on Wednesday, after investors expressed concerns about its growing reliance on China for its revenue. It was another …
China-Africa trade hit $282 billion in 2023 but Africa’s trade deficit widens, with commodity prices a key factor
Africa’s trade deficit expanded to US$64 billion as China recorded a drop in trade with top trading partners on continent – South Africa, Angola, Nigeria, DRC and Egypt – which are predominantly …
Exclusive-China tells Ukraine to remove its firms from ‘sponsors of war’ list
KYIV/BEIJING (Reuters) -China demanded on Thursday that Ukraine immediately remove more than a dozen Chinese companies from a list of firms designated as “international sponsors of war”, saying it wanted Kyiv to “eliminate negative impacts”.
