Chinese authorities are moving to strengthen crackdown on the use of cryptocurrencies like Tether in foreign exchange trading.
BUSINESS
China’s economy was supposed to be the comeback story of 2023. The lowest-ever foreign stock purchases didn’t help make that happen.
the head of Asia economics and strategy at Mizuho Bank in a Thursday note seen by Business Insider. China hasn’t announced its official growth target for 2024, but government advisors told Reuters in …
U.S. fast-food chains find China has a big appetite
A survey released in September by the U.S.-China Business Council, which represents American companies in China, suggested that the uncertainty has taken a toll: 43% of its members said China’s …
UBTech, maker of Stormtrooper robots, gains in Hong Kong trading debut after pricing final IPO of 2023 at lower end of range
UBTech Robotics, China’s biggest manufacturer of educational and humanoid robots, climbed on the first day of trading in Hong Kong, after raising HK$1 billion (US$130 million) of proceeds in the …
Analyst Says China’s Economic Downturn To Deepen In 2024: ‘Will Be Slower Than 2023’
This view is consistent with the World Bank and International Monetary Fund (IMF) which forecast a further slowdown in China’s GDP in 2024.
WeBank and FISCO host annual Blockchain Ecosystem Day, celebrating innovations and accomplishments in the blockchain industry
SHENZHEN, China, Dec. 28, 2023 /PRNewswire/ — Recently in Shenzhen, WeBank and the Financial Services Blockchain Consortium (FISCO) hosted the 2023 Industrial Blockchain Ecosystem Day and celebrated …
Nvidia slowed RTX 4090 GPU by 11 percent, to make it 100 percent legal for export to China
For now Nvidia’s GeForce RTX 4090 GPU is back on sale in China – in a less capable configuration version designed to comply with US restrictions on exports into the Middle Kingdom.… Dubbed the RTX…
First digital yuan wallet seizure, China’s $10B Web3 fund, Starbucks NFTs: Asia Express
China’s GBA Capital unveils $10B metaverse fund, first digital yuan CBDC wallet seizure, Tencent’s fleet blockchain patent.
American companies are wary of investing in China, except for burgers and lattes
A survey released in September by the U.S.-China Business Council, which represents American companies in China, suggested that the uncertainty has taken a toll: 43% of its members said China’s …
China Tightens Crypto Grip with Zhao’s 7-Year Sentence
China’s crackdown on illicit crypto activities leads to a 7-year prison sentence for Zhao Dong, exposing a $2.2 billion illegal operation.
US companies are picky about investing in China. The exceptions? Burgers and lattes
It was a tumultuous 2023 for the Chinese economy. Some of the world’s biggest brands took action or said they were considering shifting manufacturing away from China during a time of unease about …
American fast-food companies find China’s 1.4 billion population too delicious to resist
But as a tumultuous 2023 for the Chinese economy comes to a close, there has been at least one bright spot for Beijing when it comes to foreign investment: American fast-food chains have decided a…
Russian pipeline gas exports to China to exceed 22.5 bcm in 2023 – Gazprom
Russian natural gas exports to China via Power of Siberia 1 pipeline will exceed 22.5 billion cubic metres (bcm) this year, Alexei Miller, the head of state-owned energy giant Gazprom said on Thursday …