In a contrasting approach to cryptocurrency regulation, while China intensifies its crackdown on the use of stablecoins like Tether (USDT), Hong Kong is taking steps towards establishing a legal …
BUSINESS
China jobs: further cracks appear in iron rice bowl as bus operator ponders asking staff to become entrepreneurs
State-backed Zhengzhou Public Transport Group is seeking internal opinions on its plan to encourage employees to start their own businesses Jobs with public sector or state-owned firms have been seen …
Hong Kong’s IPO Drought Casts Pall Over Region’s Businesses
A dearth of initial public offerings in Hong Kong is causing companies to suffer cash crunches and put off expansion plans.
China unveils guideline to improve processing trade
BEIJING – Chinese authorities have rolled out a guideline to improve the development of the processing trade. The guideline, released by the Ministry of Commerce (MOC) and nine other government …
China could be on track to dominate the world’s EV market, even if not in the U.S.
Chinese automaker BYD likely beat Tesla’s total vehicle sales in 2023, making it the world leader in clean energy vehicles.
FTAs spur China’s trade, partners’ economies
To further enrich bilateral business ties, China signed FTAs with Serbia and Ecuador in 2023. Once these FTAs come into effect, as much as 90 percent of the goods traded between China and Ecuador will…
KFC, McDonald’s and Starbucks investing heavily in China
KFC China’s parent company opened its 10,000th restaurant in China this month and aims to have stores within reach of half of China’s population by 2026.
Surpassing Tesla, China’s BYD Will Take On the World in 2024
China’s electric-vehicle maker BYD will be on top of the world this year, with overseas markets its main battleground. At home, it already surpassed Volkswagen as the most popular car brand in China …
Tesla Falls Behind China’s BYD in Quarterly EV Sales for First Time
The Chinese automaker for the first time topped Tesla as the world’s largest seller of electric vehicles on a quarterly basis, a sign of China’s emerging strength in the market.
Chinese brand tops Israel’s EV sales in 2023
The data also showed that Chinese brands accounted for 60.98 percent of Israel’s electric car sales in 2023, with 29,402 units sold, more than double the number of 13,294 in 2022.
How China’s Car Companies Built So Wide a Lead in the Race to Make EVs
In addition to the lower cost and advanced technology of made-in-China cars, the country has also come to dominate the EV supply chain in ways that will make it difficult for manufacturers elsewhere …
China Targets Cryptocurrency In Fight Against Corruption: Focus On Cold Storage, Virtual Currencies
In a significant development, Chinese official media has highlighted the growing concern over corrupt officials using cryptocurrency cold storage to illicitly transfer and transact funds …
China Raises Crypto-Led Corruption Concerns in New Bribery Cases
China is currently facing an increase in ongoing money laundering cases involving cryptocurrencies, local papers find.