Chinese authorities has asked local hotels not to turn away international visitors following complaints from travelers from Nigeria, the U.K., Pakistan, and other countries.The travelers reported that …
BUSINESS
Hong Kong crypto exchange licence applicants with ties to mainland China withdraw from city
Amid high compliance costs, an SFC notice that crypto exchanges should not serve mainland investors is prompting some firms to leave Hong Kong A quarter of licence applicants have withdrawn their bids …
Xi Jinping issues call to arms: China must cultivate new job sources, quell ‘chaos’ in employment market
President urges the record batch of upcoming graduates to seek employment in grass-root organisations, rural areas and small businesses, as greater emphasis is placed on supporting the private sector.
Apple’s China Business Is Booming and Other Tech News Today
Tech stocks looked set for a good start of the week, helped by gains for Nvidia and Apple.The technology-heavy Nasdaq Composite Index edged 0.3% higher early Tuesday after it closed at a record high …
Xi offers message of reform to business leaders at pivotal time
Pro-business and pro-growth words from China’s president to heads of state-owned firms, private entrepreneurs and investors come ahead of third plenum focusing on economic strategy.
China’s Top Cities Ease Housing Rules as Beijing Extends Aid
China’s biggest cities including Shanghai, Shenzhen and Guangzhou eased requirements for home downpayments and mortgages, following through on the central government’s aid for the embattled property sector.
Russian Firms Embrace Crypto for China Trade
Russian commodities firms facing challenges in executing financial transactions with Chinese counterparts are turning to stablecoins as a new method for …
All that’s left: A self-defeating semiconductor export tactic for China
The Biden administration has two tactics to slow — or ideally halt — China’s indigenous development of its advanced semiconductor sector. The core tactic is extensive, unprecedented, unilateral export …
Shein Promised to Have a Big U.S. IPO. Its China Roots Got in the Way.
The fast-fashion giant aimed to bridge the divide between Beijing and Washington, but hopes for a splashy U.S. public offering have faded.
Russia’s Putin rejects U.S. assessment of China’s overproduction
Russian President Vladimir Putin rejected U.S. Treasury Secretary Janet Yellen’s concerns over the global economic fallout from China’s excess manufacturing capacity and overproduction of cars as …
Exclusive: Argentina on track to start corn exports to China in July – grains chamber head
Argentina is on track to start long-awaited corn shipments to China from July, the country’s grain export chamber told Reuters on Tuesday, which would be a major boost for the South American nation, …
China is pouring almost $50 billion into its chipmaking efforts despite U.S. sanctions
The funds will mostly go toward chip manufacturing, design, equipment, and materials, according to China’s Ministry of Industry and Information Technology. Since 2019, the U.S. has labored to curb …
Russia uses cryptocurrency and barter to trade with China
Russian commodity companies trying to conduct financial transactions with their Chinese counterparts have begun using a new method for deal-making—stablecoins. Additionally, they have started trading …
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