A new Philippine telecoms firm with Chinese state investment on Thursday described as “truly misplaced” concerns that communications equipment it will install at military camps will be used for spying … ( read original story…
FINANCE
China’s Biggest Bank Falls Short in Bid to Replenish Capital
A massive push by China’s biggest banks to boost capital amid the worst downturn in at least a decade faltered out of the gate.Industrial & Commercial Bank of China Ltd. slashed a planned bond sale…
The Export-Import Bank’s China Program Lacks Vision
Industrial policy that uses tariffs and subsidies to pick economic winners is once again in vogue among intellectuals. The rationale is to prevent China from “dominating” the global market with … ( read original story…
U.S.-China Investment Flows Slide to Nine Year-Low as Bilateral Tensions Escalate
Investment, both direct investment by companies and venture capital flows, between the two countries fell 16.2% to $10.9 billion in January-June from the same period a year earlier – also hurt by the … (…
Standard Chartered CEO says Hong Kong is ‘very, very safe’ as a banking center
“The fact is Hong Kong is sitting here as the gateway to China for capital into China and out of China. That’s only become more clear,” said StanChart’s CEO Bill Winters. ( read original story…
Beijing is publicizing its philosophy of how tech firms like TikTok must aid China’s rise
Sometimes it seems like Beijing is working at odds with its tech giants. Much of TikTok’s last year has been characterized by efforts to show it’s keeping a safe distance from the Chinese Communist ……
Government took loan from bank where China is the majority stakeholder, says Congress
The much-touted policy of the Modi government to crack down on Chinese business relationships with India stands exposed, the Congress said at a press conference here on Wednesday, pointing out the … ( read original…
India borrowed from Beijing-headquartered bank month after Galwan clash
Sitharaman had urged AIIB to lend more at board of governors meeting Even as the External Affairs Ministry blamed the Chinese for the flare-up on the Line of Actual Control (LAC), the government again ……
China’s WTO win over US offers no concrete reward but Beijing gets moral high ground, experts say
The Chinese government may feel vindicated by a World Trade Organisation (WTO) ruling that some of US President Donald Trump’s trade war tariffs flouted international rules, but in reality gains … ( read original story…
China Tightens Funding Sources for Micro Lenders Such as Ant
China is stepping up regulations over small loan companies, including those run by Jack Ma’s Ant Group, to control risk in the country’s burgeoning online lending industry.China’s banking watchdog sai … ( read original story…
Standard Chartered CEO says Hong Kong is ‘very, very safe’ as banking center
“The fact is Hong Kong is sitting here as the gateway to China for capital into China and out of China. That’s only become more clear,” said StanChart’s CEO Bill Winters. ( read original story…
Baidu (BIDU) Expands Apollo Go Robotaxi Service to Beijing
Baidu (BIDU) launches Apollo Go Robotaxi service in Beijing in a bid to expand its share in the self driving space. ( read original story …)
China’s central bank stresses its central role in new sovereign digital currency
China is developing a sovereign digital currency with the primary goal of defending the state’s monopoly on minting money, meaning the central bank will play a central role in the issuance and … ( read…
