China’s government has asked Alibaba Group Holding Ltd to dispose of its media assets, the Wall Street Journal reported on Monday, citing people familiar with the matter. Discussions over the matter … ( read original…
FINANCE
China electric cars: Xpeng receives US$77 million investment from Guangdong government to strengthen expansion plan
The funds, which will be given to one of Xpeng’s subsidiaries, reinforces its commitment to building a comprehensive EV infrastructure, founder He Xiaopeng says. ( read original story …)
What China’s five-year plan could mean for venture capital’s tech sectors
China recently unveiled its strategic economic … restricts or bans activity in sensitive sectors such as aerospace and finance. The wish list includes a call to attract foreign capital to … ( read original story…
Attacks on Chinese-run factories in Myanmar vex Beijing
Attacks on Chinese-run factories in Myanmar’s biggest city drew demands Monday from Beijing for protection for their property and employees, while many in Myanmar expressed outrage over China’s … ( read original story …)
China’s wealthy find identity in growth
UBS also projects the growth of HNW financial wealth in China to consistently outpace household wealth over that period. The former, it reckons, accounted for 30% of the latter in 2019; by 2025, that ……
Brent Oil Steadies Above $69 as China’s Recovery Aids Outlook
(Bloomberg) — Oil held above $69 a barrel in London after a raft of economic data from China added to signs of recovery from the coronavirus pandemic. Brent futures traded up 0.4% after earlier ……
China keeps interest rate unchanged for 11th straight month, rolls over 100 billion yuan of medium-term loans
The rate on 100 billion yuan (US$15.37 billion) worth of one-year medium-term lending facility (MLF) loans to China’s financial institutions is being kept steady at 2.95 per cent. ( read original story …)
Tasmania Police investigating spike in counterfeit bank notes
Counterfeiters trying to get fake Australian bank notes into circulation have made a major flaw as police launch an investigation into the dodgy cash. ( read original story …)
China cbank rolls over 100 bln yuan of medium-term loans, keeps rate unchanged for 11th month
China’s central bank on Monday injected medium-term loans into the banking system while keeping the interest rate unchanged for an 11th straight month. ( read original story …)
China reports five new mainland COVID-19 cases vs 10 a day earlier
BEIJING, March 15 (Reuters) – Mainland China reported five new COVID-19 cases on March 14, down from 10 a day earlier, the country’s national health authority said on Monday. The National Health … ( read…
China banks to lend more as nation seeks self-reliance in tech, domestic demand
Despite a lower-than-expected economic growth target for 2021, China’s bank loan growth will likely remain in the low to mid-teens this year, driven by the nation’s ambition to become more … ( read original story…
China’s plan to raise retirement age will be gradual process, government researcher insists
China’s plan to put back the retirement age will be a gradual process rather than a “one-size-fits-all” approach, a leading government researcher has told state media. The proposal prompted by the … ( read original…
Belt and Road Initiative: end of the line for China’s Afristar rail firm in Kenya?
Kenya pays Afristar more than US$10 million a month to operate the railway but last year legislators were told that Kenya had defaulted on paying the Chinese company some US$380 m … ( read original…
