Clamping down on corruption in the sprawling party that controls China has been a signature issue of President Xi Jinping since he took power a decade ago.
BUSINESS
China service sector growth underwhelms in Oct- Caixin PMI
This was particularly apparent by weakness in the services sector, which is otherwise a stalwart supporter of business activity. Still, China is set to issue about 1 trillion yuan ($136 billion) in government bonds this…
ASML’s China Export Sanctions Came Too Late, Contends Dutch Politician
The Dutch government finally restricted the sales of the Twinscan NXT:2000i and more advanced DUV litho machines to China starting September 1, 2023. As a result, ASML now has to apply for an export …
Xinhua China news advisory — Nov. 3
China Focus: China International Import Expo to open, highlighting wider openness and cooperation — Xinhua Commentary: Xinjiang “forced labor” fallacy exposes hypocritical Western human rights …
US imports shift, reduces China dependence: Yellen
Janet Yellen said that she along with President Biden will head Asia-Pacific Economic Cooperation (APEC) Leaders’ Week later this month in California.
China’s Premier Li to Make Key Speech at Shanghai Economic Forum
HONG KONG (Reuters) – China’s Premier Li Qiang will attend the opening ceremony and make a keynote speech at the 6th China International Import Expo and Hongqiao International Economic Forum held in …
EXCLUSIVE-PetroChina aims to resume Venezuelan oil imports after 4-year pause
HOUSTON/SINGAPORE, Nov 2 (Reuters) – China’s PetroChina is proposing to buy up to 8 million barrels a month of Venezuelan crude from state-run oil company PDVSA, according to four people familiar with …
India regains its economic swagger as China stumbles
The Modi government, which aims to make India a $5 trillion economy by 2025, is certainly laying the groundwork to make it easier to do business and attract more companies to invest. Much like China…
$308M crypto laundering scheme busted, Hashkey token, Hong Kong CBDC: Asia Express
Due to such a rise in wire fraud involving cryptocurrencies, China’s Central Government has cracked down harshly on crypto-related activities in the country, although there have been some signs of …
Burberry China: CIIE proves China’s dedication to reform and opening up
National Exhibition and Convention Center (Shanghai), the main venue for the 6th China International Import Expo (CIIE), in east China’s Shanghai. (Xinhua/Wang Xiang) There has been increasing demand …
US economic approach to China must be ‘serious, clear-eyed’, says Treasury Secretary Janet Yellen
While reiterating Washington seeks not to decouple from Beijing, treasury secretary outlines strategy to expand trade in the Indo-Pacific Ensuring national security and advancing human rights form …
Starbucks CEO targets growth in China after years of slowdowns from Covid restrictions
Starbucks CEO Laxman Narasimhan spoke with CNBC’s Jim Cramer on Thursday after the coffee giant reported its fourth-quarter earnings, which beat Wall Street expectations. Narasimhan detailed the …
DLA Piper ‘Very Comfortable’ Operating in China Amid Tensions
DLA Piper is not souring on the China market despite escalating geopolitical tensions and a security clampdown in Beijing, according to the law firm’s leader Frank Ryan.
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