US President Donald Trump’s national security adviser called Beijing’s claims in the South China Sea “ridiculous” and announced upcoming meetings with his counterparts in Japan, India and Australia to … ( read original story …)
FINANCE
Chinese Bank Disables Digital Yuan Wallet After Soft Launch Draws Wide Attention
China Construction Bank had quietly opened up the wallet service of China’s digital yuan to public users – but has now disabled it shortly after the feature gained wide attention. ( read original story …)
“Great Wall Heroes” Welcomes Future Visitors Back to Beijing with New 2020 Promotional Campaign
Visit Beijing Again” promotional event organized by Beijing Municipal Culture and Tourism Bureau was held at Fortress Square, Badaling Great Wall Scenic Area. This event was supported by Yanqing … ( read original story …)
The world’s money transfer system is China’s Achilles heel in its sanctions battle against the US
Hong Kong and Chinese officials have responded to US sanctions with scorn, but they are far more exposed than they let on. ( read original story …)
China Success Finance Announces 2020 Interim Results
The Board did not recommend to distribute an interim dividend for 2020. Mr. Zhang Tiewei, Chairman and Executive Director of China Success Finance indicated, “In the first half of the year, COVID-19 … ( read…
Is China’s ‘new’ strategy of economic self-reliance just a rehashing of an old idea? This long-time China watcher thinks so
China’s ‘dual-circulation’ strategy to boost consumption and reduce reliance on overseas markets dates back to the late 2000s, says veteran China observer Michael Pettis. ( read original story …)
Uncertainty Is Slowing U.S-China Investment Flows: Forbes China Forum
China relations is hurting investment flows between the two countries, the president of an influential U.S.-China business group said at an online forum organized by Forbes China on Wednesday. ( read original story …)
UPDATE 1-China’s BoCom bank Jan-June profit drops 14.6%, first H1 profit fall since listing
Bank of Communications Co Ltd, China’s sixth-largest bank by assets, reported on Friday a 14.6% decline in first-half profit as sour debt rose amid the coronavirus pandemic. It was the first time the … (…
China’s BoCom bank Jan-June profit drops 14.6%, first H1 profit fall since listing
Bank of Communications Co Ltd, China’s sixth-largest bank by assets, reported on Friday a 14.6% decline in first-half profit as sour debt rose amid the coronavirus pandemic. It was the first time the … (…
Beijing Hyundai Auto Finance fined for violating credit data management laws
By Lee Kyung-min Beijing Hyundai Auto Finance, Hyundai Capital’s corporate body in China, was fined for violating credit data management laws there amid declining profits in China … ( read original story …)
The One Economic Factor Beijing Can’t Control
The world’s largest dam is under pressure in the massive flooding that’s wiping away billions of dollars of value in China. The predicament symbolizes a looming crisis for Beijing. Climate change is b … ( read original story …)
New Fed Approach, China Economy Accelerates, Slow India: Eco Day
Welcome to Friday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help take you through to the weekend.Fed Chair Jerome Powell unveiled a new approach to setting monetary policy … ( read…
Hong Kong media firm Next Digital executives say HSBC has frozen their bank, credit card accounts
Next Digital CEO Cheung Kim-hung says he is unable to withdraw money, while chairman’s aide Mark Simon says his personal and credit card accounts have been frozen. ( read original story …)
