Multiple cities and more than 100 million people tested China’s CBDC using WeChat and JD.com, making it instantly the most widely used crypto-asset ever. Subsequently, Brazil launched into production … ( read original story …)
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China Restores Access to Tibet Disaster Zone as Highway Reopens
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Crypto’s Big Rupture Is Coming in 2021
Beijing launches Alibaba antitrust investigation
China has opened an investigation into e-commerce giant Alibaba over alleged anti-competitive behaviour, regulators announced this week. ( read original story …)
Beijing launches antitrust probe into tech giant Alibaba Group
China has launched an antitrust investigation into the Alibaba Group and will summon the tech giant’s Ant Group affiliate to meet in the coming days, regulators said Thursday, … ( read original story …)
China to suspend UK flights indefinitely -foreign ministry
China will suspend direct flights to and from the United Kingdom indefinitely over fears of a new strain of the coronavirus, Wang Wenbin, a foreign ministry spokesman said on Thursday. ( read original story …)
Futures rise in pre-Christmas trade; Alibaba falls on China probe
U.S. stock index futures rose on Thursday ahead of a shortened trading session on hopes of a gradual economic rebound, while Alibaba slumped after China launched an antitrust investigation into the … ( read original…
Beijing launches antitrust investigation into Alibaba
China’s market regulator on Thursday announced an antitrust investigation into Alibaba, the country’s biggest tech company, a month after authorities halted sister company Ant’s $37bn initial public … ( read original story …)
With Money, and Waste, China Fights for Chip Independence
Beijing’s drive to free itself from reliance on imported semiconductors has lifted start-ups and big firms alike. Some have flamed out. But there has been progress. ( read original story …)
China Will Continue to Pose Risks for Investors. Here’s What to Expect in 2021.
China risks are on multiple fronts—from the technology rivalry with the U.S. to more regulatory scrutiny inside China of internet giants. ( read original story …)
Beijing Sends Alibaba an Unwelcome Christmas Present
The government’s antitrust broadside against the Chinese tech giant marks an escalation in hostilities. ( read original story …)
China Has a Huge Wealth-Gap Problem — and It’s Getting Worse
China’s economy could become the world’s biggest within the decade. It’s also one of the most unequal — a problem only made worse by the pandemic. ( read original story …)
China’s economic activity normalizes faster than expected: World Bank
Economic activity in China has normalized faster than expected, according to the latest report published by the World Bank. The report has attributed the pick-up growth to the country’s effective … ( read original story…
China launches antitrust investigation into tech giant Alibaba
China’s Politburo has vowed to strengthen anti-monopoly efforts in 2021 and rein in “disorderly capital expansion.” … ( read original story …)
Brands can take steps to stamp out China’s ‘slave’ cotton
Last week, the BBC documented the forced labour of Uyghur people in the cotton industry of the Xinjiang region of west China, where many are being moved … ( read original story …)
