China will step up efforts to make breakthroughs in key technologies, President Xi Jinping said, according to state TV on Friday. ( read original story …)
NEWS
To ideology and beyond: will China’s sci-fi movies plot their own course?
The government seems to have given the green light to a long mistrusted genre – but it’s unclear what territory the new breed of blockbusters will explore … ( read original story …)
While world battles pandemic, Beijing says residents can go mask-free as China Covid cases hit new lows
Health authorities in China’s capital Beijing have removed a requirement for people to wear masks outdoors, further relaxing rules aimed at preventing the spread the novel coronavirus after the city … ( read original story…
Biden DNC Speech Vows Action on Russia Bounties, China Decoupling
The Democratic presidential nominee’s speech was dominated by America’s many domestic issues, but he did touch on the biggest foreign policy challenges he might face come January. ( read original story …)
PNG questions Chinese company claim to use COVID-19 vaccine
Papua New Guinea prevented the arrival of a flight carrying Chinese workers after a Chinese mining company claimed to have immunized employees against COVID-19 in an apparent vaccination trial, … ( read original story …)
Still ‘very positive’ on China in short-to-medium term: UOB Private Bank
China tensions, China’s economic restructuring toward domestic consumption remains intact, and its central bank has plenty of ammunition to go, says Francis Tan at United Overseas Bank (UOB) Private … ( read original story …)
China Tesla rival Nio is up 240% this year and the company is revamping plans to go global
Once on the brink of bankruptcy, Chinese electric car company Nio is pressing ahead with plans to expand to Europe and beyond. ( read original story …)
China Baowu Steel to take control of stainless steelmaker TISCO
China Baowu Steel Group, the country’s top steelmaker, has agreed to take a controlling stake in stainless steel giant Taiyuan Iron & Steel (Group) Co Ltd, also known as TISCO, in a move to further…
Beijing Says Residents Can Go Mask-Free as China COVID Cases Hit New Lows
Despite the relaxed guidelines, a large proportion of people continued to wear masks in Beijing on Friday. Some said the mask made them feel safe, while others said social pressures to wear the masks ……
Water levels at China’s Three Gorges near maximum after flooding rains
Water levels at China’s giant Three Gorges Dam on the Yangtze river are inching closer to their maximum after torrential rains raised inflows to a record high, official data showed on Friday. ( read original…
Stymied at home, Korea’s mom and pop investors charge into China tech stocks
South Korean retail investors are stampeding into Chinese stocks in record numbers, ploughing hundreds of millions of dollars into a tech sector rush far removed from punishing taxes and regulations … ( read original story…
Report finds $50 billion of cryptocurrency moved out of China hinting at capital flight against Beijing rules
Over $50 billion of cryptocurrency moved from China-based digital wallets to other parts of the world in the last year, pointing to possibilities that Chinese investors are transferring more money … ( read original story…
China Just Killed Its $491 Billion Private Loan Market
The message to the private banking world is unclear. Beijing has vowed to cut the cost of borrowing, and its latest target is private loans. China’s Supreme Court ordered interest rates on private … (…
