It plans to use much of the US$1.38 billion raised to expand overseas, amid the huge surge in clinical trials for products related to potential vaccines and treatments for the coronavirus. ( read original story…
Featured Posts Title
China criticises Japan’s plan to deploy missiles on island near Taiwan
Hong Kong leader backs China’s policy on Japan in first remarks on dispute
How latest China-Japan row highlights lack of communication channels
Bitcoin mining in China rebounds, defying 2021 ban
Japan’s New Leader Infuriated Beijing. She Isn’t Backing Down.
Takeoff of China’s flying taxis hits turbulence
Top political advisor urges gathering strength to boost Chinese modernization
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Tigermed roars in its Hong Kong stock trading debut, as Asia’s largest healthcare IPO of 2020 draws traders to its clinical trials
Why Gold and China Tech Are the Best Hedges Right Now
The U.S. boasted the world’s best stock market, and bonds, apart from offering interest income, provided a nice hedge against equity risks. Support our journalism. Subscribe today. Now we live in … ( read original…
Stocks Fall, Bonds Climb on U.S.-China Tensions: Markets Wrap
Stocks dropped Friday, led by Chinese technology firms, after a U.S. move to prohibit transactions related to WeChat stoked tensions. Treasuries and the dollar rose.China and Hong Kong shares saw the … ( read original…
Asian shares skid amid virus woes, China-US trade tensions
Asian shares were mostly lower Friday in lackluster trading, as trade tensions between the U.S. and China offset optimism about more fiscal stimulus for the ailing U.S. economy. Investors were also … ( read original…
China July exports rise at fastest pace in seven months, but imports fall
China’s exports rose at the fastest pace in seven months in July, while imports declined, painting a mixed picture for the economy as it recovers from its pandemic-induced slump. ( read original story …)
Trump Issues Order Banning TikTok, WeChat In U.S.: Reports
The order would take effect in 45 days and bans U.S. transactions with the China-based parent companies of both apps. ( read original story …)
China Market Update: Asian Markets Close Mixed, Tencent Engineers DouYu & Huya Merger
Asian equities were largely higher though Japan, Hong Kong and Mainland markets were off by a touch. Following the hijacking of TikTok from ByteDance, investors in Hong Kong stocks used Secretary of … ( read…
China’s Exports Jumped in July as Global Demand Rekindled
(Bloomberg) — China’s exports rose in July as economic … bloomberg.com Subscribe now to stay ahead with the most trusted business news source. ( read original story …)
China July trade surplus with U.S. at $32.46 billion
China’s trade surplus with the United States stood at $32.46 billion in July, Reuters calculations based on Chinese customs data showed on Friday, up from a $29.41 billion surplus a month earlier. ( read original…
China still a ‘bright spark’ in CapitaLand’s portfolio, says CEO on virus impact
Despite CapitaLand’s “challenging profit picture” so far in 2020, there have been “very encouraging signs” among our businesses in China, which went “first into the pandemic but also first out,” says … ( read original…
Trump Targets WeChat and TikTok, in Sharp Escalation With China
The government cited national security concerns in announcing sweeping restrictions on two popular Chinese social media networks, a move that is likely to be met with retaliation. ( read original story …)
China Tells Banks, Wealth Fund to Cut Pay as Economy Slumps
Chinese authorities are doubling down on pressure to get the nation’s biggest state-owned financial groups to reduce salaries in a bid to boost returns as the virus-hit economy faces its slowest … ( read original…
Pentagon Chief Expresses Concern to Chinese Counterpart About Beijing’s Activity in South China Sea
U.S. Defense Secretary Mark Esper expressed concerns about Beijing’s “destabilizing” activity near Taiwan and the South China Sea in a call with Chinese Def … ( read original story …)
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