China’s finance ministry has reduced the subsidies for electric vehicles (EVs) for 2021 by 20%, a move most market participants say they had expected. The Chinese government body announced the the new … ( read…
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Fubon Bank’s Hong Kong subsidiary opens first mainland China branch in Shenzhen
Rain pounds Beijing as Typhoon Dolphin sweeps through China
Beijing shuts tourist sites, suspends bus services as heavy rain continues
China responds to expanded UFLPA Entity List, blacklists six US companies
Shenzhen, Hong Kong, and the two competing mega-bridges designed to build a 100 million person megalopolis
Russia is helping China close gap with US forces amid Taiwan tensions, warns longtime military leader
Beijing’s Home Viewing Rises After Chinese Capital Eases Property Market Rules
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China cuts EV subsidy in 2021; market downplays impact on lithium, cobalt prices
China’s CNBG has supplied 3 million COVID-19 vaccine doses to UAE
BEIJING (Reuters) – United Arab Emirates (UAE) has received a total of three million COVID-19 vaccine doses from China National Biotec Group (CNBG), the company said on Tuesday. CNBG has moved … ( read original…
China to expand COVID-19 vaccine manufacturing capacity
The Ministry of Industry and Information Technology (MIIT) has moved to facilitate corporate cooperation along industrial chains to accelerate the industrialization of COVID-19 vaccines and expand … ( read original story …)
China’s digital currency trial returns to Shenzhen for Round 2, with twice the participants and double the payout
Shenzhen, China’s technological hub, will start its second trial of the nation’s digital currency this week, giving away virtual gift packets to its citizens as the nation steps up its testing efforts … ( read…
China State Media Gave Hints of Regime’s Displeasure With Jack Ma
As the former Alibaba CEO has not been seen in public for two months, a 2019 op-ed in Communist Party newspaper People’s Daily is trending for capturing China’s current mood toward him. ( read original…
Where is Jack Ma, China’s e-commerce pioneer?
BEIJING (AP) — China’s best-known entrepreneur, e-commerce billionaire Jack Ma, made his fortune by taking big risks. The former English teacher founded Alibaba Group in 1999, when … ( read original story …)
China Court Sentences Ex-banker To Death For $260m Bribes, bigamy
The former chairman of one of China’s largest state-controlled asset management firms was sentenced to death Tuesday for soliciting $260 million in bribes, corruption and bigamy. Lai Xiaomin, a former … ( read original story…
China Evergrande targets 3.7% sales growth in 2021, cut debt by 20%
China’s most indebted property developer Evergrande Group said on Tuesday it targets 750 billion yuan ($116.04 billion) of sales in 2021, around the same level as last year, and vowed to cut its … (…
NYSE reverses plans to delist China’s three big telcos
In an unexpected turn, the New York Stock Exchange said Monday that it no longer intends to delist China’s three major telecoms operators, a decision that was originally announced on December 31. The … (…
China state news agency urges end to long work hours in tech
China’s official Xinhua News Agency is calling for shorter work hours in the country’s tech sector following the sudden death last week of a young employee at a leading e-commerce platform … ( read original…
Chinese watchdog to encourage rural bank mergers
China’s top banking watchdog said on Tuesday it would encourage founders of rural banks to boost capital, and would promote mergers and acquisitions in the sector to cut financial risks. ( read original story …)
ABF substrates supply tightened amid resurging crypto mining fever
Demand for mining ASICs has been regaining momentum in China along with sharp increases in cryptocurrencies’ value, further lengthening the queue of clients seeking capacity support from Taiwan … ( read original story …)
China releases revised performance evaluation rules for commercial banks
[Photo/China News Service] BEIJING – China’s Ministry of Finance has issued revised performance evaluation rules for commercial banks. Starting from Jan 1, the revised rules introduced a new … ( read original story …)
