China’s passenger vehicle sales returned to growth in August year-on-year, as deeper discounts and tax breaks for environmentally friendly and electric vehicles boosted consumer sentiment even as economic growth remains weak.
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Tencent’s AI leviathan, $83M scam busted, China’s influencer ban: Asia Express
Cointelegraph Magazine’s digest of the most important cryptocurrency- and blockchain-related news from Asia last week.
Weibo Suspends 80 High-Profile Accounts Amidst China’s Ongoing Digital Currency Clampdown
In a recent move against cryptocurrencies, Chinas Weibo platform has terminated the accounts of 80 prominent crypto figures, some boasting 1 million subscribers, for violating multiple regulations.
These 10 stocks have the most exposure to China’s ‘stalling’ economy, BofA warns
China’s “stalling” economy is putting some US companies at risk, according to Bank of America.High rates of youth unemployment and recent property defaults have put pressure on the Chinese economy.The …
What This $100B Ghost City Says About China’s Real Estate Crisis
Country Garden, once seen as one of China’s most stable property developers, is now struggling financially, leaving the future of unfinished megadevelopments li …
Biden Will Seek World Bank Reform to Counter China at G20 Summit in India
President Biden will use the G20 Summit to call for debt relief for developing countries and other reforms to the World Bank and International Monetary Fund.
China’s Ant Group unveils finance AI model as race heats up
Ant Group unveiled a finance-specific artificial intelligence (AI) model on Friday and started testing consumer and professional apps for the product, joining a crowded race to deploy AI in heavily …
(LEAD) No official export ban on urea by China in effect: finance ministry
South Korea’s finance ministry said Friday it has confirmed that China has not implemented an official ban on shipments of urea by fertilizer firms and noted that the domestic supply would remain …
China’s Aug new yuan loans seen rebounding on policy support
China’s new yuan loans are expected to rebound in August after tumbling in July to the lowest since late 2009, a Reuters poll showed, as the central bank seeks to shore up economic growth amid…
China-focused private equity firms eye mergers and acquisitions in consumer staples, overseas expansions
Investors are seeking to diversify their risk portfolio and prioritising “predictable growth” at times of economic uncertainty, said Sam Sun, partner at Beijing-based Atlay … China’s IPO …
China’s Prosperity Cannot Hide Its Youth Unemployment And Underemployment Problems
China must recognize its youth unemployment problem. It’s getting from bad to worse, with the government stopping providing data on it.
Two Republicans want to force Biden admin to release all the records on COVID-19’s origin
Two Republican lawmakers are introducing a bill to require the HHS secretary to publicly release all documents related to the origins of COVID-19.
Ant Group launches a new blockchain brand for Web3 developers
In July, media reported that the Ant Group is looking to exclude its blockchain branch from a main entity, which will be applying for a financial holding license in China. In 2020, Ant Group aimed…