The Shenzhen branch of China’s central bank has “cleansed” 11 companies for their involvement in suspected illegal cryptocurrency activities.
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China’s Central Bank Targets Crypto-Linked Firms in Shenzhen
The Chinese central bank’s branch in Shenzhen ordered almost a dozen companies operating in the technology hub to rectify illegal activities related to cryptocurrencies, signaling an intensifying …
‘Blue Beijing,’ cleaner air, the new normal for Chinese people: state environment authorities
IC The sky above our heads is getting bluer, and the air we breathe cleaner, Chinese Minister of Ecology and Environment Huang Runqiu said on Wednesday, announcing a well-rounded success in meeting …
China Warplanes Set New Record for Intrusions in Taiwan’s Air Defense Zone
Taiwan’s Defense Ministry reported around 380 sorties by Chinese military aircraft near Taiwan throughout 2020. That figure was matched and broken this week, with over four months left in the year.
Longan exports to China resume
China allowed 56 longan packaging companies to resume exporting Thai longan to China on Aug 17, reversing a ban imposed on Aug 13, according to the Commerce Ministry. Mallika Boonmeetrakook, advisor …
Beijing sets sights on Taiwan as US’ Afghan retreat stokes Chinese nationalism
The chaotic US withdrawal from Afghanistan has presented Beijing with a propaganda boost, with Chinese state media capitalizing on the crisis to trumpet the supposed decline of America and taunt …
China’s Baidu launches second chip and a ‘robocar’ as it sets up future in AI and autonomous driving
Baidu, known as China’s biggest search engine, has focused on diversifying its business beyond advertising, toward artificial intelligence and driverless cars.
Fitch Affirms China Development Bank at ‘A+’; Outlook Stable
Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) of China Development Bank (CDB) at ‘A+’ wit …
China calls for curbs on ‘excessive’ income and for the wealthy to give back more to society
Chinese President Xi Jinping led a meeting Tuesday that emphasized the concept of “common prosperity“ and preventing major financial risks, state media said.
Xi calls for wealth redistribution and clampdown on high incomes in China
President Xi Jinping has called for stronger “regulation of high incomes” in the latest sign that a 10-month campaign targeting China’s largest technology companies was rapidly expanding to encompass …
China’s alignment with Taliban may help it extract natural resources from Afghanistan: RAND
Derek Grossman of the RAND Corporation says if China is able to have workers through the Belt and Road Initiative enter Afghanistan safely and have operations there, it’ll help it achieve its …
Fitch Affirms Export-Import Bank of China at ‘A+’; Outlook Stable
Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) of The Export-Import Bank of China (ExIm) at ‘A+’ with a Stable Outlook. The Short-Term IDR has been affirmed at ‘F1+’. The bank’s …
China issues new draft rules to further rein in anti-competitive practices
China’s top market watchdog published a new draft rule to further extend its crackdown on anti-competitive practices. The draft prohibited forced exclusivity, soliciting fake reviews, and protect …
