Alipay raised foreign visitors’ transaction limits, while travellers can link their overseas bank cards to WeChat Pay without ‘complete information’ Those initiatives come after Chinese authorities on …
Monthly Archives For March 2024
China Has Put America’s Critical Infrastructure in the Crosshairs, We Must Fight Back
“China’s hackers are positioning on American infrastructure in preparation to wreak havoc and cause real-world harm to American citizens and communities,” Wray said in his testimony. With all due …
China’s ‘two sessions’ 2024: Red Sea crisis ‘a big challenge’ for Beijing, says ambassador
Liao Liqiang, the country’s ambassador to Egypt, told a panel discussion in Beijing that attacks on shipping ‘had a real impact on us’.
China-funded naval base sparks ‘serious concerns’ as Beijing teases launch of new carrier
China has become involved in the construction of Cambodia’s Ream Naval Base amid reports of multiple Chinese ships spotted in the area in recent months.
How Shein’s US IPO became endangered by US-China rift
Despite the softening stance, new Chinese IPOs remain for the most part small and rare. No single Chinese issuer raised more than $200 million in the US last year, a far cry from 2021 when…
China could be spying on the US using cargo cranes equipped with communication tech: report
Chinese cargo cranes in US ports were found to have technological equipment that could be used for espionage, The Wall Street Journal reported.
China setting up $27B chip fund to beat US curbs – report
China is poised to raise over $27B for its largest chip fund yet, marching ahead with the development of advanced technologies to counter U.S. curbs, Bloomberg News reported. The National Integrated …
Hong Kong sees uptick in IPO applications year to date with interest rates poised to decline, HKEX CEO says
HKEX received 30 per cent more IPO applications so far in 2024, with start-ups eyeing capital raising as interest rates turn a corner, says newly-appointed CEO Bonnie Chan.
US Worried About China-Funded Naval Base
A senior U.S. official raised the issue of China’s involvement at Ream Naval Base with Cambodia Prime Minister Hun Manet during a recent visit.
If Europe Penalizes China’s EV Imports, Unintended Consequences Loom
The EU may impose extra tariffs on Chinese EV imports but investors don’t expect it to make much difference to sales. Either way, the Chinese will be a long-term threat.
China trumpets rising car exports to Russia as its envoy holds talks in Ukraine
As a Chinese envoy crisscrossed Europe for talks on ending the war, his boss, Foreign Minister Wang Yi, trumpeted a sharp rise in China-Russia trade — which the West sees as providing an economic …
Chinese Gas Giant Finds New Oilfield in South China Sea
A Chinese oil and natural gas giant has made a major discovery in the energy-rich waters of the South China Sea. The 100-million-ton oil field is located in the Pearl River Basin near China’s …
China is making it much easier for foreigners to use mobile pay
Foreign visitors to China can now spend up to $2,000 a year using the mobile app Alipay without having to register their ID, the app operator said Friday. Ant Group also announced that for …
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