China’s central bank proposed stepping up anti-trust measures to rein in payment firms such as Ant Group’s Alipay and Tencent’s WeChat Pay, which dominate the non-bank payment industry. ( read original story …)
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China proposes tougher anti-trust rules for non-bank payment industry
Kenya to save 27 billion shilling from China debt service suspension deal
Kenya has secured a debt repayment moratorium from China which will save it 27 billion shillings ($245.23 million) in the period to June, its finance minister said on Wednesday. ( read original story …)
China Escalates Efforts to Beat Back Its Worst Covid-19 Resurgence
Northern cities have built temporary quarantine facilities, imposed lockdown measures on millions of residents and rolled out mass testing. ( read original story …)
Coronavirus: China grapples with ‘mini Wuhan’ as cases rise in the north
We haven’t identified all the infections in the three villages where most cases came from. The report of confirmed cases has not passed two incubation periods. We can only sa … ( read original story…
America’s big China question
Resetting relations will be near the top of President Biden’s inbox. Three new books point to the scale of the challenge ahead — and how to master it … ( read original story …)
Pompeo says China’s policies on Muslims amount to ‘genocide’
On his way out the door, Secretary of State Mike Pompeo has hit China with new sanctions by declaring that China’s policies on Muslims and ethnic minorities in western Xinjiang Province constitute a … (…
Guangzhou property market boosted by policies to transform industry, attract talent
Home prices in the city were already trending up last year according to two gauges. Its property market will continue to build on this momentum in 2021. ( read original story …)
China ETF Overtakes BlackRock Fund as Investors Avert Sanctions
A Chinese exchange-traded fund has surpassed BlackRock’s Inc.’s ETF to become the largest tracking onshore stocks as investors look to ride a surge in equities while skirting a U.S. clampdown. ( read original story …)
Court specializing in finance proposed to be established in Beijing
A recent draft decision is recommending that a court specializing in hearing finance-related lawsuits be set up in Beijing. The draft decision on building the Beijing Financial Court was submitted to … ( read original…
China drafts rules for non-bank payment industry to rein in monopolistic behaviour
China’s central bank released drafted rules on non-bank payment institutions on Wednesday, stepping up anti-trust measures to rein in monopolistic behaviors of payment firms. BEIJING, Jan 20 (Reuters) … ( read original story …)
China’s Wide Income Gap Undercut Spending as Growth Recovers
China’s successful control of Covid-19 made it the only major economy to have grown last year, but wide income inequality and still weak consumer spending reflects an unbalanced recovery. ( read original story …)
Shenzhen to issue 20 million digital yuan in Spring Festival red envelopes
China’s southern boomtown of Shenzhen will issue digital currency worth 20 million yuan (about 3.1 million U.S. dollars) as part of a pilot program to promote the application of the new form of … (…
Jack Ma appears in public for the first time since challenging Beijing.
Mr. Ma, the co-founder of the retailing giant Alibaba, had disappeared after criticizing Chinese regulators late last year. ( read original story …)
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