South Africa’s Absa Group, a leading pan-African bank, announced on Wednesday the official launch of its new non-banking subsidiary in Beijing. The ambitious move aims to unlock more trade and …
Monthly Archives For May 2024
US confronts China over Volt Typhoon cyber espionage
U.S. officials confronted the Chinese government in Beijing last month about a sweeping cyber espionage campaign through which Chinese hackers have broken in to dozens of American critical infrastructure organizations,
HKMA Welcomes Pilot Launch of Shenzhen-Hong Kong Cross-Boundary Data Validation Platform
Hong Kong Monetary Authority (HKMA) welcomes pilot launch of the Shenzhen-Hong Kong cross-boundary data validation platform.
A US ally is forging ties with China’s air force but probably won’t get its J-20 stealth fighter
associate fellow at Chatham House and head of the China Studies Unit at the Emirates Policy Center, told Business Insider. “Abu Dhabi’s first choice would certainly be to acquire the F-35 sale over …
An escalating cold war between US and China would be a blow to global growth, IMF official says
The IMF predicts that the global economy could incur costs equivalent to as much as 7% of the world’s GDP in the worst-case scenario …
China could ‘overwhelm’ US military bases as Biden shows ‘alarming lack of urgency’: House committee chair
The new chairman of the House China Committee says there is an “alarming lack of urgency” from the Biden administration to adopt defensive measures to protect against threats from China
Young Chinese crossover brand Jetour makes quick foray into global market
Jetour was created in 2018 as a crossover brand by Chery Holding Group Co. In 2023, annual sales of the brand, whose main products are gasoline-powered vehicles, surged 75 percent year on year to 315,…
China’s Xi arrives in Hungary for talks on expanding Chinese investments
BUDAPEST, Hungary (AP) — Chinese President Xi Jinping arrived in Hungary late Wednesday, the final stop on his five-day European tour, where he’s expected to finalize a number of agreements with Prime Minister Viktor Orbán…
Scientists identify contributions of vertical atmospheric measurements and simulations during haze pollution in Beijing
Science Bulletin published research that explored the source of ammonium in PM2.5 at different heights of the atmospheric boundary layer in Beijing, and found that combustion-related ammonia is very important to ammonium in PM2.
China pours USD166M into urban renewal projects to stimulate economy
In a bid to rejuvenate its economy amidst a housing slowdown, China has announced plans to allocate billions towards the renovation of dilapidated pu …
Taiwan’s export dependence on China drops to 22-year low
TAIPEI — China accounted for 30.7% of Taiwan’s goods exports for the first four months of the year, nearing a low last seen more than two decades ago for the island’s biggest trading partner. Exports…
China sovereign wealth fund targets Japan’s lesser-known brands
Factory Japan was acquired in 2022 by Japan-China Capital Partners No. 1 Investment, a fund set up by CIC with partners including Nomura Holdings and Daiwa Securities Group to invest in Japanese …
China is in the middle of its own retirement crisis as many older people cannot afford to stop working
China is expecting 300 million people to reach retirement age in the next 10 years, close to the size of the whole US population.
