For decades, Hong Kong’s activists have been fighting for democracy. But a national security law imposed by Beijing in 2020 has dramatically changed their lives.
Monthly Archives For May 2024
Yuan Weakens to Lowest Since November as China Allows Declines
China’s onshore yuan dropped to the weakest level since November as signs mount that policymakers are letting the currency decline against a resilient dollar.
Apple’s iPhone sales in China jump 52% in April, data shows
Apple saw its iPhone sales jump 52% in April from a year earlier, Reuters calculations based on industry data showed on Tuesday.
China’s property rescue to deliver just small GDP boost, survey shows
BEIJING – China’s most forceful attempt to shore up its beleaguered property market is expected to improve growth prospects modestly this year, according to economists surveyed by Bloomberg. Seven out of 12 respondents to a…
China Financial Firms Are Unusually Cash-Rich as Savers Pile In
(Bloomberg) — Cash is so abundant in China’s financial markets that even traditionally liquidity-starved firms are swimming with money. Most Read from Bloomberg Wall Street Returns to T+1 Stock …
China bars hotels from refusing foreign guests as government enhances business environment
Chinese authorities has asked local hotels not to turn away international visitors following complaints from travelers from Nigeria, the U.K., Pakistan, and other countries.The travelers reported that …
Xi Hosts Arab Leaders as China-Mideast Ties Widen Beyond Trade
President Xi Jinping will meet Arab leaders this week seeking deeper ties in a region where China does plenty of business — and increasingly diplomacy, too.
Hong Kong crypto exchange licence applicants with ties to mainland China withdraw from city
Amid high compliance costs, an SFC notice that crypto exchanges should not serve mainland investors is prompting some firms to leave Hong Kong A quarter of licence applicants have withdrawn their bids …
Xi Jinping issues call to arms: China must cultivate new job sources, quell ‘chaos’ in employment market
President urges the record batch of upcoming graduates to seek employment in grass-root organisations, rural areas and small businesses, as greater emphasis is placed on supporting the private sector.
Apple’s China Business Is Booming and Other Tech News Today
Tech stocks looked set for a good start of the week, helped by gains for Nvidia and Apple.The technology-heavy Nasdaq Composite Index edged 0.3% higher early Tuesday after it closed at a record high …
Tesla pushes suppliers to produce parts outside China and Taiwan
Tesla has told suppliers to start building components and parts outside of China and Taiwan by as early as next year due to rising geopolitical uncertainties, Nikkei Asia has learned.
Taiwan’s legislature passes controversial ‘pro-China’ measures, reducing president’s power
Taiwan’s legislature, controlled by the opposition Nationalist Party, passed changes that increase the legislature’s power over budgets, including defense spending.
Xi offers message of reform to business leaders at pivotal time
Pro-business and pro-growth words from China’s president to heads of state-owned firms, private entrepreneurs and investors come ahead of third plenum focusing on economic strategy.
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