Nervous exporters seeking new routes are but one of the headwinds buffeting Russia-China trade in recent weeks.
BUSINESS
China Tightens Grip on Crypto Games Amid AML Lockdown
The Supreme People’s Court and Supreme People’s Procuratorate expanded the definition of money laundering to include crypto, online game coin …
China Targets Virtual Assets in Landmark Supreme Court Ruling on Anti-Money Laundering Laws
Chinas Supreme Court has made waves by directly targeting virtual assets in a significant revision of its Anti-Money Laundering laws, reflecting the countrys intensified focus on financial crimes.
Biden leaves successor with unfinished business in China, Middle East
The Biden administration fought to bring the US closer to the rest of the world after Trump’s policy of isolationism.
China leads in genAI adoption, business leaders confident in skills: report
In a July survey of 1,600 decision-makers by SAS and Coleman Parkes, China was found to lead the pack in generative AI adoption, followed by the UK and the US.
BMW’s China-made electric Mini to receive lower 21.3% tariff
BMW said that its joint venture in China which produces the electric Mini was classed as a “cooperating company” in the EU’s latest draft tariff document on duties for China-made EVs, qualifying it …
China’s rare copper export boom signals more than weak demand
A rare burst of Chinese exports has deflated bull spirits in the copper market, with funds dumping long positions and prices down by 16% from the record highs seen in May.
China Tightens Regulations on Virtual Assets Amid Increased Money Laundering Prosecutions
China’s Supreme Court and Supreme Procuratorate have updated the Criminal Law to include “virtual asset” transactions as a method of money laundering. This new interpretation reflects a growing …
Tesla stock rises as EU cuts planned tariff on EV maker’s imports from China
Tesla Inc.’s stock rose 1% in premarket trades Tuesday after the European Commission cut its planned tariff on imports of the company’s electric vehicles from China. In a statement, the European …
China Brand Festival Highlights 2024 Global Brand Rankings
The 18th China Brand Festival took place in Guangzhou from August 7th-10th, 2024, under the theme ‘New Quality and Breakthrough.’ Featuring over 8,000 guests, the event showcased the ‘TopBrand 2024 …
China offers strategic opportunities for multinationals amid digital upgrades, economic recovery
While some foreign media outlets vehemently hype up the so-called narrative of “foreign capitals fleeing China,” Foxconn Technology Group, the world’s leading electronics manufacturer, is making a …
China July 2024 Economy: Consumption and Trade Surge Amid Sluggish Industrial Growth
The National Bureau of Statistics has released July 2024 economy data for China, revealing a nuanced economic landscape.
China Classifies Crypto Transactions as Money Laundering in Major AML Law Update
China has updated its anti-money laundering laws to include virtual asset transactions, introducing severe penalties for offenders and sparking speculation about the country’s future stance on …
