Sotheby’s has held two successful auctions of bitcoin ordinals – images, videos or text attached to satoshis, the smallest denomination of bitcoin. Some artworks are fetching up to five times their …
Monthly Archives For February 2024
Restaurants enjoy booming business this CNY, some see Chinese tourists wanting to try lo hei
Those who celebrate Chinese New Year would be aware that Friday (Feb 16) is the seventh day of the first lunar month, which is also known as “everyman’s birthday”. On this day, Singaporeans would …
Global green transition is re-energising China’s investments in Africa after pandemic slowdown
Race for minerals vital for renewable energy drives rise in Chinese investments and construction deals in Africa.
Iranian PE teacher embraces vibrant, diverse lifestyle in China’s Shenzhen
“I’m going to create my own miracle here.” An Iranian PE teacher discovers his potentials in China’s Shenzhen. He says Shenzhen is a city of miracles and dreams. #LifeinChina …
Palau’s president raises threat of pivot to Beijing if US funds are delayed further
In letter to US senator, President Surangel Whipps Jnr writes that local leaders want to gain more financial aid from Beijing ‘at the cost of shifting alliances, beginning with sacrificing Taiwan’.
China is heading for a ‘lost decade’ if it doesn’t reform and grow, an analyst says
China now faces multiple challenges including a property crisis, deflationary pressure, a demographic crisis, and trade tensions with the West.
Chinese EV companies on war path. What it may mean for global auto brands
As the Chinese economy slows down, local EV brands are looking to branch out to foreign shores. But what does it mean for global brands here?
Whisky takes a shot at China’s Baijiu-dominated market
Its Alcohol-By-Volume (ABV) can top 60% – in comparison spirits like scotch whisky and tequila typically have an ABV of around 40%. “Baijiu certainly still has its place in Chinese liquor consumption, …
China to Show off Homegrown Airliner at Singapore Air Show Amid Supply Crunch
“Supply chain issues are limiting the ability of many airlines to upgrade their fleets and service their aircraft,” said Association of Asia Pacific Airlines head Subhas Menon. The biennial show will …
China’s New Year Travel Surge Signals Consumer Spending Pickup
A resurgence in travel over China’s Lunar New Year holiday is offering some signs of a consumer spending pickup in the world’s second-largest economy as it struggles with low confidence and deflation.
It’s Harder to do Business in China Now—and That’s a Good Thing
If America really wanted to force China’s hand towards an open, rules-based economy, passing and enforcing more pro-transparency legislation would send the right signal.
China’s imports of finished vehicles down 9 pct in 2023
BEIJING, Feb. 16 (Xinhua) — China’s imports of finished vehicles fell 9 percent year on year to 799,000 units last year, data from the General Administration of Customs showed. The import value …
China’s central bank signs 40 currency swap agreements with foreign counterparts
BEIJING, Feb. 16 (Xinhua) — The People’s Bank of China (PBOC), the country’s central bank, has signed bilateral currency swap agreements with more than 40 foreign central banks or monetary …
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