As a House committee took up two crypto bills — co-sponsored by the same senators that pushed through the law last year they’re now trying to fix — one lawmaker summed it up: “This is…
BUSINESS
Labor Day isn’t the holiday it once was for China’s workers
Like hundreds of millions of other workers in China, Hao Zeyu, an algorithm engineer at an electric vehicle maker, is getting five days off this week for the Labor Day holiday. But he’s in no…
China’s Crypto Caution Casts Shadow On Hong Kong ETF Enthusiasm
The cautious crypto stance from the Chinese regulators has cast a shadow amid the optimism surrounding Hong Kong’s ETF launch, raising regulatory concerns in the market.
China’s exports to Mexico are getting heavier tariffs – is it a sign of more to come?
With new tariffs being imposed by Mexico on most Chinese imports, observers and analysts disagree on whether stricter measures are being considered – but most say pressure from the US is at play.
Founder of Binance, World’s Largest Crypto Firm, Sentenced to Four Months
SEATTLE—Billionaire Changpeng Zhao, founder of Binance, the world’s biggest crypto exchange, was sentenced Tuesday to four months in prison, a lighter punishment than requested by prosecutors who hoped to send a message about crime in…
Judge Sentences Founder of Binance, the Largest Crypto Firm, to Four Months in Jail
S EATTLE—Billionaire Changpeng Zhao, founder of the world’s biggest crypto exchange, was sentenced Tuesday in a Seattle federal court to four months in jail. “You had a responsibility to comply with United States regulations. Not…
China Emerges as Battleground for Self-Driving Car Tech Supremacy
Tesla’s FSD software is coming to China soon, sparking competition with local automakers. The US and China lead the self-driving neural network tech race, but Chinese firms are catching up quickly.
Changpeng Zhao, the ‘normal guy’ who conquered crypto
It was a far cry from the folksy legend he had fostered, which had become almost mythical in crypto circles. Zhao’s early life in China was scarred by hardship when his parents were sent to…
China’s plan to be the dominant power in space is moving at breathtaking speed. The US needs to wake up, officials say.
There is a very real risk, according to experts, that the US could soon lose its status as the world’s dominant space power.
Brands Should Stop Funding Anti-Doping Efforts in Sports
The contributions create conflicts of interest for regulators who should be unbiased in the Olympics and other elite competitions.
China’s factory activity grows for second straight month
Authorities have struggled to spur an economic rebound since emerging from stringent Covid control measures in late 2022. China continues to fight a crisis in its debt-ridden property market, with home prices sliding in recent…
China Vanke’s first public commercial REIT falls in early trade on debut
China Vanke’s first public commercial real estate investment products fell as much as 3% in early trade on their debut on Tuesday, reflecting caution towards China’s second-largest developer amid a prolonged property market downturn.
China’s EV and Solar Exports Are Powering Ahead as Prices Slide
China’s exports of batteries, electric cars and solar panels hit record highs last year, underlining its dominance of key green industries — and driving a global price slump that’s adding to alarm in …