Police in China have detained five current and former employees of British drugmaker AstraZeneca Plc for questioning about potential illegal activities, according to people familiar with the matter.
Monthly Archives For September 2024
China is suffering from a crisis of confidence
The two rival explanations for China’s confidence problem thus have quite different implications for policy. If gloom is simply a function of a weak economy, stronger stimulus should dispel it.
China’s Midea Group to raise US$3 billion in Hong Kong’s biggest IPO in 2 years
The world’s biggest home appliance maker is likely to start the book building process as early as Monday, according to a source.
Five AstraZeneca staff detained in China amid claims of illegal drug imports
Five AstraZeneca staff have been detained in China amid claims of potential illegal activity at the British drug giant. Authorities in Shenzhen, China, are investigating how the company collected …
China offers Africa $51 billion in fresh funding, promises a million jobs
President Xi Jinping pledged on Thursday to step up Chinese support to Africa, the world’s second fastest-growing continent, with funding of nearly $51 billion, backing for more infrastructure initiatives and a promise to create at…
China’s New York envoy ‘performing his duties as usual’ after Chinese agent case, Beijing’s consulate says
China’s consulate in New York has denied reports that its top diplomat was removed in the aftermath of an alleged Chinese agent bust, saying the consul general is “performing his duties as usual.” …
China sees room to lower reserve requirement ratio, PBOC official says
BEIJING, Sept 5 (Reuters) – China still sees some room to lower the amount of cash banks must hold as reserves, a central bank official said on Thursday, adding that the lender will continue to…
China detains AstraZeneca staff in data, drug-import probes, Bloomberg News reports
The police in China have detained five current and former employees of AstraZeneca for questioning about potential illegal activities, Bloomberg News reported on Thursday, citing people familiar with the matter.
China’s Xi boosts Africa financing by $51 billion, promises a million jobs
President Xi Jinping pledged on Thursday to step up China’s support across the debt-distressed African continent with funding of nearly $51 billion, backing for more infrastructure initiatives and a …
Photos show Chinese medics flying to epicentre of coronavirus outbreak, not ‘deployed to aid Russia’
Images of Chinese medics boarding a plane to Wuhan at the start of the Covid-19 pandemic have resurfaced in social media posts that falsely claimed they showed troops being deployed to help Russia in …
Shenzhen Auctions Land Plot as Finished Home Sales Only, Sparking Concerns for Pre-Sales Model
A residential plot near Shenzhen Bao’an International Airport was listed in an auction of land use rights announcement published by the Shenzhen Public Resources Trading Center yesterday. Whoever wins …
China urges US to ‘immediately’ lift all tariffs on Chinese goods
The United States should immediately lift all tariffs on Chinese goods, the Chinese commerce ministry said on Thursday, ahead of an announcement by the Biden administration on expected hikes in levies on Chinese-made items,
Rare Metals Prices Surge As China Restricts Exports
China announced that it would impose restrictions on exports of eight gallium and six germanium products starting August 2023 in …
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