BEIJING/SHANGHAI, Aug 30 (Reuters) – China Construction Bank Corp (CCB) , the country’s second-largest lender by assets, posted on Sunday a 10.7% fall in first-half profit, the biggest profit decline … ( read original story…
Posts By admin
China Oil Refining Giant Bleeds After Covid Saps Fuel Demand
(Bloomberg) — Sinopec posted its first-ever loss over a half-year as pandemic lockdowns and the oil price crash continue to weigh on oil giant earnings even as the country’s economy recovers.The net … ( read…
China residential property sector a ‘slow growth market’ now, as sales and profits decline, Beijing steps up cooling measures
It is tough being a residential property developer in mainland China at the moment. Profits and sales have largely diminished, and only the government’s cooling measures seem to lie ahead for the 16 … (…
China export restrictions pose new risk for TikTok sale in US
China’s inclusion of new technologies on an export restrictions list could hamper TikTok’s sale in the US, according to state media reports, in the latest ratcheting up of trade tensions between the … ( read…
China’s new tech export controls could give Beijing a say in TikTok sale
China’s new rules around tech exports mean ByteDance’s sale of TikTok’s U.S. operations could need Beijing’s approval, a Chinese trade expert told state media, a requirement that would complicate the … ( read original story…
With a Wary Eye on China, Taiwan Moves to Revamp Its Military
The self-governing democracy is taking steps to bolster its armed forces in order to deter or defeat an invasion from China — with or without American help. ( read original story …)
Beijing continues military drills in South China Sea amid rising tensions
US Defence Secretary Mark Esper and Japanese Defense Minister Taro Kono on Saturday reiterated their commitment to maintain a ‘rules-based order’ in the East and South China Seas … ( read original story …)
China reports nine imported coronavirus cases, no local infections for record 14th day
Mainland China reported nine new confirmed cases of coronavirus on Saturday, all them imported, the National Health Commission said on Sunday, meaning there were no locally transmitted infections for … ( read original story …)
Death toll rises to 29 in north China restaurant collapse
Chinese authorities say the death toll has risen to 29 in the collapse of a two-story restaurant in the northern province of Shanxi. The Ministry of Emergency Management … ( read original story …)
New technology export rules in China could affect TikTok sale to a US company
Plans for a TikTok sale may have a new obstacle, with China implementing new rules on AI technology exports, The New York Times reported. The new export control rules, which focus on technology the ……
China tightens tech export controls potentially jeopardizing TikTok deal, reports say
An updated export rule from China could allow the country to complicate TikTok’s sale in the U.S., according to a Wall Street Journal report published on Saturday. ( read original story …)
TikTok Deal Is Complicated by New Rules From China Over Tech Exports
In an 11th-hour twist, Beijing raised a potential hurdle for a sale of TikTok, further roiling the race to buy the Chinese-owned app. ( read original story …)
Upgrading Shenzhen’s status would make it a more formidable rival
Talk of upgrading Shenzhen to be a municipality puts Hong Kong on notice that it faces challenges of integration with the mainland that can only be met with social stability and economic innovation … (…
