The National Bureau of Statistics has released July 2024 economy data for China, revealing a nuanced economic landscape.
BUSINESS
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 …
Chinese PV Panel Maker Das Solar Withdraws IPO Application Amid Sluggish Market
Das Solar canceled its application for a listing on the Shenzhen Stock Exchange submitted on Dec. 29 last year, according to a bourse filing on Aug. 16. The Zhejiang province-based company planned to …
Binance Remains King Among Chinese-Speaking Crypto Users: Survey
Binance is the preferred crypto exchange platform among Chinese-speaking users, a survey from Hong Kong publication TechFlow showed.
China keeps key loan rates on hold as economic recovery shows progress
After unexpected cuts in July, the People’s Bank of China (PBOC) left the one-year and five-year Loan Prime Rates (LPR) unchanged. Amid recent mixed activity data, China’s economy shows signs of a …
Swiss Watch Exports Gain as US, Japan Offset Steep China Drop
Swiss watch exports eked out a slight gain in July as strong shipments to the US and Japan outweighed further declines in demand for premium and luxury timepieces in China and Hong Kong.
China Recognizes Virtual Asset Transactions in Revised AML Laws
China has revised its AML laws to include virtual asset transactions in first major update to the country’s AML framework since 2007.
China’s July oil imports from top supplier Russia fall 7.4% from a year ago
China’s crude oil imports from top supplier Russia fell in July by 7.4% from a year earlier, official data showed on Tuesday, in line with a broad decline in Chinese refiners’ purchases that were …
Switzerland Is Getting Squeezed Between China and the US
Back in 2013, several dozen Swiss business representatives traveled to Beijing to attend the signing of a free-trade agreement between Switzerland and China, toasting the success with champagne.
China’s Gold Imports Tumble Again as Record Prices Deter Buyers
Chinese consumers continued to pull back on gold purchases last month, as record prices and a sustained economic slowdown curbed demand in the world’s biggest bullion-buying nation.
China Supreme Court revises Anti-Money Laundering law to include ‘virtual assets’
China’s Supreme Court and public prosecutor have revised their interpretation of the country’s Anti-Money Laundering (AML) laws — now recognizing “virtual asset” transactions for the first time. The …
China Supreme Court revises Anti-Money Laundering law to include ‘virtual assets’
China’s Supreme Court and public prosecutor have revised their interpretation of the country’s Anti-Money Laundering (AML) laws — now recognizing “virtual asset” transactions for the first time. The …
Chinese Ethereum And ‘Super’ AI Token Emerge As Crypto Market’s Best Performers With Double-Digit Gains
Neo and Artificial Superintelligence Alliance hogged the limelight Monday, emerging as the market’s best-performing cryptocurrencies.
