China Mobile, which boasts the world’s largest number of mobile users, successfully launched the world’s first 6G architecture test satellite recently, marking a significant milestone in exploring …
Monthly Archives For February 2024
China’s Xiaomi launches high-end phone in Samsung challenge and debuts EV in Europe
Xiaomi launched the Xiaomi 14 for global markets at Mobile World Congress in Barcelona, after debuting it this week in China. Xiaomi has looked to push into the higher end of the market, where Apple…
Ant Group outbids Citadel for Credit Suisse’s China unit, Bloomberg reports
Fintech giant Ant Group has outbid billionaire Ken Griffin’s Citadel Securities for Credit Suisse’s investment bank venture in China, Bloomberg News reported on Sunday, adding it was unclear whether …
Economic Watch: Revitalization of NE China provinces fueled by 1st net resident inflow in over a decade
“The meeting indicated that northeast China will embrace more favorable policies, which is conducive to the further consolidation of the resident inflow in the region,” said Li Kai, vice president of …
‘India has arrived.’ Why Modi’s economy offers a real alternative to China
Japan has benefited from investors seeking an alternative to China — Tokyo’s benchmark index hit a new high for the first time in 34 years last week, helped by improving corporate profits and a weak…
China intensifies crackdown on cybercrimes involving blockchain and metaverse
Amidst a surge in online fraud and cybercrimes, China’s Supreme People’s Procuratorate (SPP) has escalated its efforts to combat criminal activities …
China’s commercial vehicle sales jump 79.6% in January
Specifically, some 289,000 trucks were sold during this period, a surge of 81.8 percent year-on-year, according to the China Association of Automobile Manufacturers. A total of 35,000 coaches were …
Chinese self-made millionaire bride dazzles with $1.4M cash and Ferrari in dowry
A Chinese bride, who transitioned from a factory worker to a self-made millionaire, has wowed social media with her dowry, which features 9.99 million yuan (US$1.4 million in cash) and a Ferrari.
China to widen access to US$232 trillion repo market in transformative, signalling impact on interest rates, analysts say
More foreign investors will be allowed to conduct repo transactions onshore as Beijing takes more measures to deepen financial ties with Hong Kong As a precursor, the HKMA add Chinese government bonds …
Ant outbids Citadel Securities for Credit Suisse’s China unit, Bloomberg reports
Fintech giant Ant Group Co has outbid Billionaire Ken Griffin’s Citadel Securities for Credit Suisse’s investment bank venture in China, Bloomberg News reported on Sunday.
China’s slowing economy, Xi’s government tactics leave American investors wary
American CEOs used to swoon over China. Its vast pool of consumers has been a magnetic draw for decades. But doing business there has become so fraught and risky – with intellectual property theft and…
U.S. ambassador on why China competition must be managed while keeping “the peace”
Rivalry and mistrust between the U.S. and China have shaken the confidence of the business world and pushed the relationship between the two countries to its lowest point in decades. But walking away …
U.S. ambassador to China stresses importance of managing competition
The U.S. ambassador to China explains why navigating America’s competing interests in China is a difficult balancing act.
