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 …)
FINANCE
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 …)
Beijing’s Asian bank violating human rights, harming the environment
NGOs accuse the AIIB of not respecting its social and environmental pledges. In India and Bangladesh, entire communities have been forcibly relocated to build new infrastructures. The European Union c … ( read original story…
Beijing offer means US could audit New York-listed Chinese firms
China has proposed allowing US regulators to audit state-owned companies in efforts to resolve longstanding accounting concerns, but would reserve the right to redact materials over national security … ( read original story …)
