“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…
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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.…
Beijing’s balancing act over North Korea
Another week, another round of UN sanctions against North Korea. With it comes another demonstration of how adept Beijing is becoming at inching back and forth along the policy tightrope it has installed between Washington…
China banks fear US North Korea sanctions
China’s big banks have been quietly but surely weaning themselves off North Korean money. This is not particularly about their troublesome neighbour. It is because of a fear of US repercussions. Bank branches near the…
China looks at plans to ban petrol and diesel cars
“Those measures will certainly bring profound changes for our car industry’s development,” Xin Guobin told Xinhua, China’s official news agency China made 28 million cars last year, almost a third of the global total. Both…
China’s big banks halt services for North Koreans, tellers say
China’s Big Four state-owned banks have stopped providing financial services to new North Korean clients, according to branch staff, amid U.S. concerns that Beijing has not been … China Construction Bank (CCB) has “completely prohibited…
Nomura Downgrades China Unicom (Hong Kong) Ltd (CHU) to Reduce
Complete the form below to receive the latest headlines and analysts’ recommendationsfor China Unicom (Hong Kong) Ltd with our free daily email newsletter: Nomura lowered shares of China Unicom (Hong Kong) Ltd (NYSE:CHU) from a…
China wants to ban gas and diesel cars
GM (GM) already sells the fully electric Bolt in the U.S. and the tiny Baojun 100 in China. Tesla (TSLA) stock climbed 5% on news in U.S. trading Monday. Tesla sells only all-electric cars and…
China is banning traditional auto engines. Its aim: electric car domination
But it’s a major economic story as well. China will set a deadline for carmakers to stop selling cars that run exclusively on gasoline or diesel fuel. The news was announced over the weekend by…
China gas and diesel car ban in the works
China is joining France and Britain in announcing plans to end … to stop production and sales of traditional energy vehicles,” according to the Xinhua News Agency and the Communist Party newspaper People’s Daily. France…
China’s bitcoin exchanges await clarification, markets subdued for now
SHANGHAI/BEIJING (Reuters) – China’s largest bitcoin exchanges are awaiting clarification from the government following more media reports that Beijing is planning to ban trading of virtual currencies on domestic exchanges, but markets were largely subdued…
China mulls petrol car ban, boosting electric vehicles
Xin said the policy would be implemented “in the near future”, according to the official Xinhua news agency. Race for green cars As the measure looms, foreign automakers have announced plans to boost the production…
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