As the first country to be hit by the Covid-19 pandemic, and the first to ease lockdown rules, China is a litmus test for global economic prospects. So it’s rather concerning that retail spending ……
BUSINESS
China is set to expand its digital currency testing program to large cities, including Beijing
China’s commerce ministry has officially said that it would expand the digital currency testing program to large cities, including the capital Beijing.The post China is set to expand its digital … ( read original story…
China to Launch Major Expansion of Digital Currency Trials
China is planning a major expansion of testing for the central bank-led digital yuan, according to a Wall Street Journal Report on Friday. The country’s Ministry of Commerce … ( read original story …)
Breakingviews – U.S.-China tech spat is less costly than tariffs
China tech spat is a less costly fight than the trade war. The two nations will review their deal that reduced tariffs as the White House refocuses on purging Chinese technology. The latter is nothing…
Cryptocurrency Market News: Bitcoin unstoppable push to $12,000, China piloting digital currency in cities
At the time of writing, Bitcoin is trading at $11,716. An intraday low at $11,686 marked the end of the bearish leg. However, expected gains above $11,800 continue to delay due to low volatility and…
China’s economy set for gradual recovery into second half of 2020: Oxford Economics
China will find it “extremely difficult” to reach its targets for the “phase one” trade deal with the United States due to a decline in growth prospects globally, says Sian Fenner, lead Asia economist ……
China factory output flat, retail sales slip in July
China has reported its factory output rose just under 5% last month from a year earlier while retail sales fell slightly … ( read original story …)
AI Unicorn SenseTime Is Said to Mull Hong Kong, China IPO
SenseTime Group Ltd., China’s largest artificial intelligence company, is exploring a dual listing in Hong Kong and China as it closes in on $1.5 billion of pre-IPO financing, according to people … ( read original…
Why It’s Time to Pay Attention to Mexico’s Booming Crypto Market
In a trend that is largely unnoticed outside of the country, Mexico is embracing cryptocurrency at a breakneck speed. ( read original story …)
A Chinese IPO just raised more than $2 billion amid tensions between U.S., China
Shares of KE Holdings Inc., a Chinese online property platform, initially soared 77% in a blockbuster public debut Thursday that raised more than $2 … ( read original story …)
KE Holdings shares are off to a flying start in IPO debut that raises $2.12 billion
Shares of KE Holdings Inc., a Chinese online property platform, initially soared 77% in a blockbuster public debut Thursday that raised more than $2 … ( read original story …)
Amid rising US-China trade tensions, electronics manufacturers like Foxconn will need to build facilities within the markets they plan to sell
Foxconn will have a hard time serving the divergent economic interests of the US and China, as both countries are asking companies to pick a side. ( read original story …)
Beike owner KE open to secondary Hong Kong or mainland listing after U.S. IPO
KE Holdings, operator of housing platforms Beike Zhaofang and Lianjia, is open to a secondary listing in Hong Kong or mainland China, after raising around $2 billion on Thursday in the biggest U.S. ( read…
