Trade tensions between Europe and Beijing will likely escalate, according to Jens Eskelund, president of the European Union Chamber of Commerce in China.
BUSINESS
A CBDC trial in Hong Kong could finally enable blockchain to digitise shipping, with help from Ant Group
Hong Kong’s Global Shipping Business Network has finished a prototype of its first electronic bill of lading in collaboration with Ant Group’s ZAN blockchain unit.
Value of Graffiti Towers Plummet as China-Based Developer Faces Involuntary Bankruptcy
Today, the forlorn complex has been wildly tagged and achieved worldwide fame as the “Graffiti Towers.” In the latest development of the colorful real estate saga Los Angeles has covered at length, …
China’s aspiring investors, eager for options, feeling lukewarm on cross-boundary offerings
A product which allows residents of mainland China to make deposits in Hong Kong has underwhelmed as a route for investment, leaving potential users wishing for more expansive options.
Worries emerge over China capitalizing on Boeing’s mistakes: A ‘giant social experiment,’ Republican rep says
“China is getting now, as you know … everyone on our team is working together to keep you safe on your trip.” Get a brief on the top business stories of the week, plus CEO…
Exclusive: Fidelity International plans to cut 16% of China fund unit jobs
Fund manager Fidelity International (FIL) is planning to lay off 20 people at its main China unit, two sources familiar with the matter said, a reduction that coincides with a downturn in China’s …
Wall Street increasingly sees China as uninvestable
The country’s economy is crumbling fast, and Xi Jinping, the mighty leader, is determined to take China in the wrong direction.
As pandemic, geopolitical tensions took their toll, China’s affluent families saw wealth and numbers decline, Hurun report says
The number of rich families in China declined for the second time in 15 years as the world’s second-largest economy tackles a slew of economic challenges, ranging from a property crisis to dampened …
China may be developing plans to take out US satellites from the moon, Space Force general says
China may be planning to take out US satellites from the moon, a US Space Force commander said. Analysts are warning that China could be planning to use its power in space for military purposes. But …
China, India hail Putin election win; West brands it ‘undemocratic’
Allies of Russian President Vladimir Putin including China and India congratulated him Monday on winning a fifth term in power but Western leaders dismissed the election as illegitimate, held under …
Is TikTok different in China? Here’s what to know
More noticeable differences between TikTok and Douyin arise when the respective apps are looked at through the lens of young users, some experts said. In the U.S., children experience the same version …
The Western Companies Plowing Billions Into China
From LEGO to American Express, see the famous Western firms that are investing in new factories and stores across China.
China Releases Action Plan To Attract Foreign Investment
China’s State Council released an action plan to further … and loosen visa rules, to make doing business easier in the world’s second-largest economy.
