China’s industrial profits rose at a much slower pace in May, official data showed on Thursday, underlining the struggles faced by the world’s second-largest economy as weak domestic demand crimps …
Monthly Archives For June 2024
Beijing backtracks on a law punishing clothing that hurts ‘the feelings of the Chinese people’ after a public outcry
Beijing is backing down from a law that would have punished those wearing clothes that “hurt the feelings of the Chinese people” amid a public backlash. In September, the standing committee of the …
China Miscalculated With Europe in Backing Russia, US Envoy Says
Beijing misjudged the impact on its relationship with Europe when it provided support for Russia’s war in Ukraine, America’s top diplomat in China said, as ties fray between the world’s No. 2 economy …
Exclusive: Microsoft Bing’s censorship in China is even “more extreme” than Chinese companies’
Bing’s censorship rules in China are so stringent that even mentioning President Xi Jinping leads to a complete block of translation results, according to new research by the University of Toronto’s …
Chinese banks ask staffers to return some of their pay to comply with Beijing’s drive for ‘common prosperity’
Vilified by Beijing as “hedonists” over their lavish lifestyles … a new round of anti-graft inspections of some of its largest state lenders, the central bank and key regulators, the first broad …
China’s financial elite face 2.9 million yuan pay caps, bonus clawbacks
at a time when they are trying to stabilise the world’s second-largest economy and prevent systemic financial risks. The proposed caps mark a drastic shift from the era where companies doled out big …
China to push ahead with 5G-A deployments
China will step up efforts to commercialize 5G Advanced, or 5G-A, technologies, which will help accelerate the application of artificial intelligence in more sectors and pave the way for identifying …
China’s financial elite face 2.9 million yuan pay caps, bonus clawbacks
at a time when they are trying to stabilise the world’s second-largest economy and prevent systemic financial risks. The proposed caps mark a drastic shift from the era where companies doled out big …
China’s financial elite face $542,000 pay caps, bonus clawbacks
at a time when they are trying to stabilise the world’s second largest economy and prevent systemic financial risks. The proposed caps mark a drastic shift from the era where companies doled out big …
China opens Chang’e 6 return capsule containing samples from moon’s far side (video)
The return capsule made its fiery plunge through the atmosphere on June 25 before landing in the grasslands of Inner Mongolia. The event brought the 53-day-long Chang’e 6 mission to a successful …
China’s Finance Elite Face $400,000 Pay Cap, Bonus Clawbacks
The era of big paychecks for Chinese financiers is fast coming to an end as some of the industry’s biggest companies impose strict new limits to comply with President Xi Jinping’s “common prosperity” …
Hong Kong blockchain gaming firm Animoca weighing 2025-26 IPO, founder says
Hong Kong-based blockchain video gaming firm Animoca Brands is weighing … Its investors include HongShan, formerly Sequoia Capital China, Singapore’s state fund Temasek Holdings, and Saudi Arabia’s …
Crypto Exchange Bybit Grabs Global Spotlight in Void Left by FTX
A crypto exchange run by Bybit Fintech Ltd. has surged to second spot globally by trading volume after targeting former clients of the defunct FTX platform as well as users in Europe and …
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