China’s foreign ministry said Friday that it will extend visa-free travel for South Korean arrivals from the current 15 days to 30 days. The new visa-exemption policy will be effective starting Nov.
Monthly Archives For November 2024
Tariff hikes will backfire, and China can manage such ‘external shocks,’ a senior official says
A senior Chinese official says higher tariffs on Chinese exports will backfire by boosting prices paid by consumers.
China’s largest brokerage formed by Guotai Junan and Haitong’s US$14.5 billion merger
After the merger, which was announced in September, Haitong will cease to exist and Guotai Junan will sell new shares to fund business expansion … but is still pending shareholders’ approval. China’s brokerage industry has…
China says it is willing to talk with US to push forward bilateral trade
A stable and sustainable development trend on trade and business matters between China and the United States will benefit both nations, China’s Vice Commerce Minister Wang Shouwen said on Friday.
China reinstates visa-free travel for Japanese nationals
China will start allowing visa-free travel for Japanese nationals visiting China for up to 30 days from Nov. 30, the Foreign Ministry in Beijing announced on Friday. The exemption will continue …
China’s bottled water billionaire lashes out at Pinduoduo, ByteDance
One of China’s richest people has taken aim at tech firms ByteDance and Pinduoduo for allegedly harming him and Chinese brands. Zhong Shanshan, 69, and his bottled water company Nongfu Springs have …
Development finance veteran urges multilateral response to Trump challenges
Former World Bank vice-president Zhu Xian says China needs to engage with all possible international stakeholders.
Citigroup CEO Fraser meets Chinese vice-premier, Shanghai mayor as Beijing touts reforms
Fraser said the Wall Street bank will ‘further its participation in the market to help promote US-China economic ties and trade’.
Chinese court provides legal clarity on the controversial ownership of crypto in Mainland China
The Shanghai Songjiang People’s Court confirmed that Chinese law did not prohibit the ownership of cryptocurrencies in mainland China. Judge Sun Jie’s opinion on the court’s official WeChat page …
The world’s auto giants will need to partner with Chinese companies to survive in China, analysts say
Time is running out for traditional foreign automakers to adapt to China’s electric car market, signaling to industry analysts that companies must double down on local partnerships to survive. U.S.
CapitaLand Warns of China Losses as Singapore Property Investor Cuts Exposure
CapitaLand Investment Ltd., one of Asia’s largest property investment managers, warned of potential losses as it seeks to extricate itself from China’s real estate crisis. The Singapore-based firm …
China stimulus yet to sway long-term investors, bankers say
HONG KONG — China’s string of economic stimulus measures sparked a rush back into its stock market, but private equity and other long-term investors remain wary, prominent players say. Goldman Sachs …
Xi was unusually frank in spelling out China’s 4 ‘red lines’ for the US, a clear warning for Trump’s China hawks
In Xi’s last meeting with Biden, he set ground rules for the incoming Trump administration and its China hawks.
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