BEIJING, July 8 (Xinhua) — The People’s Bank of China (PBOC), the country’s central bank, skipped open market operations via reverse repos for the eighth consecutive trading day on Wednesday. The … ( read original…
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Former ICICI Bank chairman’s case for 6% interest
Kamath, who just completed his term at the New Development Bank (BRICs Bank) in Beijing, said in an interview to a TV channel that it was in the interest of banks to lower the lending…
Beijing converts Hong Kong hotel into new national security office
Beijing opened its new national security office in Hong Kong on Wednesday, turning a hotel in the bustling shopping and commercial district of Causeway Bay into its new headquarters. ( read original story …)
China reports seven new coronavirus cases for July 7, down from prior day
SHANGHAI, July 8 (Reuters) – China on Wednesday reported seven new coronavirus cases in the mainland for July 7, compared with eight cases a day earlier, the health authority said. All of the new ……
U.S. aircraft carriers in South China Sea make needed show of force against Beijing
Navy patrols through these waters challenge China’s legally unsupported claims of ownership, preventing them from being enforced de facto. In the wake of the Chinese outcry over the two U.S. Navy … ( read original…
China Rally Will Struggle to Drag Global Stocks Along for Ride
Investors betting the recent surge in Chinese shares could help give the global equity rally a leg up shouldn’t pin all their hopes on the Middle Kingdom.China’s stocks have less than half the … (…
Former Official Says China Needs to Reform Crypto Laws
Cointelegraph has reported previously that a Chinese Communist Party school published a book on crypto. China’s new civil code will include cryptocurrencies such as Bitcoin as part of a person … ( read original story…
Top 10 supermarket brands in China in 2019
CR Vanguard topped supermarket brands in China with sales of 95.1 billion yuan ($13.5 billion) in 2019, while Alibaba-owned retailer Freshhema witnessed the biggest jump in sales at 185.7 percent, … ( read original story…
FBI director: China is ‘greatest threat’ to US
The director of the FBI has said that acts of espionage and theft by China’s government pose the “greatest long-term threat” to the future of the US. Speaking to the Hudson Institute in Washington, ……
The Upside of a New Cold War With China
War and competition, the thinking goes, lead to inherently illiberal measures. Fear favors demagogues who turn insecurity to political advantage. As the Cold War showed, this dang … ( read original story …)
The Virus Has Trapped $111 Billion of Luxury Spending in China
Jeff Meng, a 25-year-old watch lover from a well-heeled Guangdong family, had 160,000 yuan ($22,800) burning a hole in his pocket. He could not find the Rolex Daytona watch he wanted, dubbed “panda” … (…
NYC’s China Fashion Gala 2020 to honor Chinese American icons at virtual event
File video: Outstanding Chinese fashion icons and brands were honored at the fourth China Fashion Gala in New York, the United States, on May 1, 2019. (Xinhua) The event serves as a platform for ……
China could have done more to aid world’s COVID-19 response, top U.S. health official says
U.S. coronavirus task force response coordinator Dr. Deborah Birx said that the United States and other countries could have had a stronger initial response to COVID-19 if China had been more … ( read original…
