SINGAPORE (Reuters) – China’s internet finance association on Wednesday urged its members not to take part in any centralized virtual currency trading or provide services involving cryptocurrency trading due to the financial and social risks.…
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Rapper’s Delight: China’s Hip-Hop Talent Showcase Boosts Brands
A rapper named Little Dragon struts across a stage, baseball cap slung low on his forehead. The camera cuts to glistening McDonald’s chicken wings, and Little Dragon plugs the product in a rap couplet—in Mandarin.…
Inaugural PCHi Technology Summit celebrates Chinese innovations
Taking place from 29th-30th August 2017 in Shanghai, the inaugural event welcomed over 380 industry professionals from all over China. For the first time too, to support the smart and relevant use of infocomm technology,…
China is considering major investments in European finance as part of its global spending push
“They would look very favorably at transactions that have some links to the Belt and Road program, because the country needs to boost its financial muscle,” the banker said. But Beijing “will ensure the excesses…
China beefs up cyber defenses with centralized threat database
China said on Wednesday it will create a national data repository for information on cyber attacks and require telecom firms, internet companies and domain name providers to report threats to it. The Ministry of Industry…
China plans nationwide ethanol use by 2020
BEIJING — China plans to expand use of ethanol in gasoline nationwide by 2020 to curb smog and fossil fuel demand, the government said Wednesday, joining United States, Brazil and other nations that use blended…
China sets up first ‘commercial’ quantum network for secure communications
China touts that it is at the forefront of developing quantum … government and official users in Shandong’s provincial capital Jinan, the official Xinhua news agency said late on Tuesday. It did not elaborate on…
China confident of maintaining strong growth, Premier Li Keqiang tells heads of six global agencies
Chinese Premier Li Keqiang said on Tuesday he was confident China would maintain the strong economic growth it achieved in the first half of the year. Speaking at a press briefing after a round-table meeting…
Hong Kong mobile operators declare price war in bid for new customers as Apple launches iPhone X
China Mobile, one of the four major mobile operators in Hong Kong, cut its monthly package fee by 25 per cent on Tuesday – the last one to jump into the price war ahead of…
China and Russia Warn the U.S. Not to Seek North Korean Regime Change
Follow @bpolitics for all the latest news, and sign up for our daily Balance of Power newsletter. In supporting a watered-down version of North Korea sanctions, China and Russia had a stern warning for the…
China sets 2020 target for nationwide ethanol use to cut corn stocks
“This news has greatly boosted confidence inside the industry,” said Michael Mao, analyst with Sublime China Information, adding that without government support ethanol would likely be too expensive to survive in the market. Shares in…
China’s ‘Bernie Madoff’ jailed for life for huge fundraising fraud
The ringleader of China’s biggest Ponzi scheme was sentenced to life in prison by a Beijing court on Tuesday, state-run Xinhua news agency reported. Ding Ning, dubbed by the media as China’s Bernie Madoff after…
Cryptocurrency chaos as China cracks down on ICOs
Investors in China contributed up to 2.6 billion yuan ($394 million) worth of cryptocurrencies through ICOs in January-June, according to a state-run media report citing National Committee of Experts on Internet Financial Security Technology data.…
