Chinese financial regulators have summoned 13 companies engaged in online finance services, including Tencent and Bytedance, and told them to strengthen anti-monopoly measures. The regulators, which …
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Beijing warns fintech firms against anti-monopoly behavior
The great power race between the US and China is on. And Beijing is confident of winning
When US President Joe Biden urged Americans to “win the 21st century” in his joint address to Congress, he painted a picture of a new great power competition with China and repeatedly name checked its…
Bitcoin mining in China set for ‘stricter supervision’ due to carbon concerns
After Beijing sent an emergency notice to conduct checks on crypto mining operations, Chinese experts believe the industry is set for stricter supervision.
Giants Tencent, Bytedance among companies reined in by China
China forces Jack Ma’s Ant Group to restructure Alibaba accepts record fine and vows to change “Internet platforms have played an important role in improving the efficiency of financial services and …
China orders fintech companies to stick to the rules as clampdown widens
The country’s platform economy has grown rapidly and covers whole range of e-commerce activities ranging from banking to shopping and food delivery.
Meituan, Alibaba drag Hong Kong stocks lower on tech clampdown concerns as manufacturing in China cools
Hong Kong stocks suffer from a widening clampdown on Chinese tech companies and their internet-platform businesses. An official report today shows manufacturing in China cooled more than expected this …
China Donates 50,000 Doses of COVID-19 Vaccine to Bosnia and Herzegovina
China’s donation of 50,000 doses of COVID-19 vaccines arrived in Sarajevo, Bosnia and Herzegovina, on April 29.Footage shared by Radio Free Europe shows Ji Ping, the Chinese Ambassador to Bosnia and …
China manufacturing surged in April, Caixin says
China’s manufacturing activity rebounded in April, marking the strongest growth so far this year, as overseas demand remained solid and the job …
China’s Hidden Bank Assets Are Emerging from the Shadows
Lenders are being pushed to recognize $1.3 trillion of products sold in racier times. That could prove costly.
China Reins In Tech Giants’ Finance Arms
China’s crackdown on the technology industry continues. Regulators imposed wide-ranging restrictions on the fast-growing financial divisions of 13 companies including Tencent Holdings Ltd.
China factory activity accelerates in April but cost pressures mount – Caixin PMI
China’s factory activity in April expanded at the fastest pace in four months on stronger demand, but concerns over surging raw materials and input costs clouded the outlook, according to a private …
China: PMI shows recovery at a slower speed
Recovery in both manufacturing and service sectors continued in China in April. We expect that an export demand recovery will help factory orders and …
China’s Factory Outlook Eases as Economic Recovery Moderates
A gauge of China’s manufacturing industry slipped in April and the services sector also weakened, suggesting the economy is still recovering but at a slower pace.