The day commemorates China’s charity law, which came into effect on September 1, 2016. This year, China has witnessed how technology plays a bigger role in the country’s philanthropy causes. According …
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Revving up services trade, China is committed to higher-level opening
In the first half of 2022, China’s import and export of services also notched up 2.89 trillion yuan ($419 billion), an increase of 21.6 percent year-on-year. Overseas investors also find sweet spots …
In World’s First, CanSino’s Inhalable Covid Vaccine Gets Beijing’s Green Light
The National Medical Products Administration said CanSino’s vaccine could be used by people on the Chinese mainland who had already been jabbed twice with an inactivated Covid vaccine. Those on the …
Beijing accuses Washington of cyberattacks
Beijing has blamed Washington of achieving “tens of thousands” of cyberattacks on Chinese information networks in latest years, as well as hacking th …
China accuses Washington of cyberspying on university
China on Monday accused Washington of breaking into computers at a university that U.S. officials say does military research, adding to complaints by both governments of rampant online spying against …
China’s central bank to cut forex reserve requirement ratio by 2 percentage points
China’s central bank said on Monday that it will cut forex reserve requirement ratio for financial institutions by 2 percentage points from Sept. 15. The reserve requirement ratio will be reduced to 6 …
China c.bank to cut FX reserve ratio to help limit yuan weakness
China’s central bank said on Monday it will cut the amount of foreign exchange reserves that financial institutions must hold, a move seen as aimed at slowing the yuan’s recent depreciation.
China’s lockdowns and other risks have companies looking to diversify supply chains
The move reflects larger trends among global manufacturers that are increasingly looking toward India and other emerging markets as potential hubs outside of China, the world’s current leader in …
China approves world’s first inhalable Covid-19 vaccine
Chinese drug regulators have approved the world’s first inhalable Covid-19 vaccine, made by Tianjin-based manufacturer CanSino Biologics, boosting the company’s share price by seven percent on Monday.
China locks down 65 million, discourages holiday travel
China has locked down 65 million citizens under tough COVID-19 restrictions and is discouraging domestic travel during upcoming national holidays. Most of the 21 million people in the southwestern …
Southwest China quake leaves 21 dead, triggers landslides
At least 21 people were reported killed in a 6.8 magnitude earthquake that shook China’s southwestern province of Sichuan on Monday, triggering landslides and shaking buildings in the provincial …
China-focused Welkin plans $300-million London IPO
The planned IPO comes despite a dearth of flotations this year owing to volatile market conditions since Russia’s invasion of Ukraine and against a backdrop of rising geopolitical tensions between th …
China’s Kaisa aims to present offshore debt revamp plan in Q4 -sources
Chinese property developer Kaisa Group aims to finalise an offshore debt restructuring proposal in the fourth quarter after China’s party congress in October, two people with direct knowledge of the …