As per the administration, the development of private firms in China has been recovering so far this year, representing resilience and vitality. In the first five months, the country saw 3.76 million private firms registered,
BUSINESS
Jack Ma’s run-in with Beijing not only saw him disappearing for over 2 years, it also cost his companies over $850 billion
Beijing announced a $985 million fine for Ant Group — an Alibaba affiliate — signaling an end to a years-long regulatory crackdown.
China Should Shift Stimulus to Consumption, Ease Residency Curbs -PBOC Adviser
“The target of our stimulus should shift from investment to consumption, which can more directly correspond to our actual economic bottlenecks and weaknesses,” Cai Fang, an adviser to the People’s …
Gallium prices jump as buyers lock in supply before China export controls
Gallium and germanium play a vital role in various critical industrial sectors such as satellite, solar cells and semiconductors.
Alibaba, Tencent shares rise as investors bet China’s tech crackdown is over
Alibaba Group and Tencent shares rose in Hong Kong on Monday after China’s $984 million fine against the Jack Ma-founded Ant Group appeared to signal the end of a regulatory crackdown on the country’s …
China ends crackdown on web giants with colossal fines for Ant Group, Tencent
China’s crackdown on web giants Alibaba and Tencent appears to be over, with the two to pay a combined $1.4 billion in fines to atone for past sins as Beijing moves on to “normalized” supervision.
China’s trade still in good place despite woes worldwide
The nation’s export growth witnessed consecutive increases in March and April — by 14.8 percent and 8.5 percent year-on-year, respectively, and then shrank 7.5 percent in May, triggering concerns over …
China’s consumer-driven sectors are a ‘sweet spot’ and opportunity for investors, says KKR
From pet food to liquor and lighting fixtures, global investing company KKR is putting their money behind a suite of consumer-driven sectors in China.
Chinese auto brands on rise as they seize NEV opportunities
China’s auto industry is experiencing a new phase of high-quality development, particularly in the field of new energy vehicles where it has established a competitive edge, said officials at the 2023 …
Jack Ma’s clash with Beijing has cost Alibaba and Ant $1.14 trillion
The lost value for Mr Ma’s properties is a sign of how difficult it will be to rebuild trust with international investors. Read more at straitstimes.com.
We’re listening: Yellen said US will review ‘unintended consequences’ raised by China
Treasury Secretary Janet Yellen on Sunday said she agreed Washington will listen to Chinese complaints about security-related curbs on U.S. technology exports and might “respond to …
DeFi Security Breach: Multichain Blockchain Network Suspended After Potential $130M Hack
Multichain has reportedly halted on suspected $130 million hack, a move that has come just a month after the initiative’s CEO disappeared.
US-China trade defies geopolitical strains – How?
In a world where geopolitical tensions often dictate trade relations, the US-China commerce continues to grow robustly, challenging the odds. This phenomenon begs the question: How do these two …