China’s Ministry of Finance said on Tuesday it has allocated 443 million yuan ($61.1 million) for a disaster relief fund to support drought prevention work in seven provinces, including Hebei, Shanxi and Henan.
Monthly Archives For June 2024
Hong Kong’s SFC Kicks out All Unlicensed Crypto Exchanges
Hong Kong’s Securities & Futures Commission (SFC) has required all unlicensed virtual asset trading platforms (VATPs) to exit the city starting tomorrow, June 1, 2024. SFC states, “All VATPs operating …
China’s property measures give sales a boost, but only in big cities
China’s latest property support measures have boosted transactions in its biggest cities, but activity in smaller localities is struggling to get off the ground, pointing to more pain ahead for most of the country’s real…
China targets Europe’s farmers, and not its automakers, in response to EU tariffs on electric cars
The Chinese government is taking aim at European farmers instead of German automakers by launching an investigation into European Union pork imports.
China now has 500 warheads and is building its nuclear arsenal faster than any other country, think tank says
China increased its nuclear warheads from 410 in 2023 to 500 at the start of 2024, per the Stockholm International Peace Research Institute.
Former House Speaker Advocates for Stablecoins to Bolster U.S. Financial Strength Against China
Paul Ryan, the former Speaker of the U.S. House of Representatives, has argued that dollar-pegged stablecoins could be a vital tool for addressing the looming U.S. debt crisis and maintaining the …
Four Car Brands You’ll Be Surprised To Know Come From China
It’s no secret that many automotive brands are owned by just a few companies, but you might be surprised to learn that some are owned by the Chinese.
FirstFT: Beijing to investigate claim that EU is dumping pork in China
But we start with Beijing’s anti-dumping investigation into EU pork imports. The probe, announced yesterday, escalates trade tensions less than a week after Brussels said it would impose tariffs on …
China’s Xi accused the US of trying to trick him into invading Taiwan, but said he won’t take the bait, report says
Xi Jinping told an EU leader that the US was trying to trick China into invading Taiwan, per the Financial Times, amid increasing tensions.
Chinese Premier Li to meet business leaders in mineral-rich Western Australia
Chinese Premier Li Qiang will meet business leaders in Western Australia on Tuesday, and is expected to visit a lithium processing plant in the resource-rich state on the last day of his four-day visit to…
Biden’s Tough-on-China Stance Threatens Green America Push
But the trade restrictions also threaten another of Biden’s priorities: building out renewable-energy generation.This month, the administration allowed a set of duties aimed at China-based manufacturers of solar panels to take effect—after having put the…
China should pay for propping up Putin’s war – Nato chief
The head of Nato has told the BBC that China should face consequences for supporting Russia’s war in Ukraine, if does not change its ways.Jens Stoltenberg said Beijing was “trying to get it both ways”…
China’s next-gen sexbots powered by AI are about to hit the shelves
Future models ‘react with both movements and speech, significantly enhancing user experience by focusing on emotional connection’, producer says.
