Beijing is using the Covid-19 crisis to encourage China’s globe-trotting consumers to spend more back at home. Europe’s stricken duty-free operators have to follow them. ( read original story …)
Featured Posts Title
COVID-19 uptick seen as normal fluctuation
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
Recent Posts
The Duty-Free Business Must Reroute to China
The US-China rivalry in tech and trade won’t end because Joe Biden is president
President Donald Trump spent much of his term setting up Beijing as Washington’s greatest political and economic adversary. Don’t expect drastic changes when Joe Biden takes the helm, even if he … ( read original…
Central bank experiments with CBDC will drive securities onto blockchain
Fear of Chinese advances with programmable money and Facebook’s Libra are pushing central banks to digital currencies, which may transform financial markets. ( read original story …)
China’s Trade Sees An Uptick, But World Economy Is Still In Throes Of Coronavirus
China’s trade surplus stood at $58.44 billion, up from September’s $37 billion, but unstable market conditions in global economies may spell danger for the Asian superpower. ( read original story …)
‘Stand by Her’: In China, a Movement Hands Out Free Sanitary Pads in Schools
Students and teachers are placing pads outside bathrooms as part of a grass-roots campaign to fight period poverty and to remove the stigma surrounding menstruation. ( read original story …)
China holds off on sending congratulations to Biden
China, which has held off on congratulating U.S. presidential election winner Joe Biden even as leaders of other countries have done so, said on Monday it would follow custom in responding to the … (…
China Solar Manufacturers Jump as Biden Win Seen Boosting Demand
Shares in the Chinese companies that dominate production of solar panels rose after Joe Biden’s victory increased the likelihood that the world’s top economy will accelerate its move toward clean … ( read original story…
Apple Freezes New Business for Pegatron on China Labor Abuse
Apple Inc. suspended new business with iPhone assembler Pegatron Corp. after discovering labor violations at a student workers’ program, taking strong action to clean up a Chinese-based production … ( read original story …)
China Has a Clever Plan to Keep Its Citizens Spending at Home
That money can, in theory, be spent at home instead. Although wage growth has recovered to about 70% of pre-pandemic levels, the novel coronavirus has left lasting economic damage. People are more … ( read…
Buffeted by Trump, China Has Little Hope for Warmer Relations With Biden
Many in Beijing believe that the United States will remain hostile to the country’s rise, regardless of who is president. ( read original story …)
China’s Yuan Surges on Election Relief
The yuan has hit its strongest position in more than two years, as investors bet a Democratic president and a divided Congress could lead to reduced U.S.-China tensions and a weaker dollar. ( read original…
Is Xi Jinping Too Strong for China’s Good?
President Xi Jinping has accumulated legions of powerful critics in China since he took office in early 2013. There are the once-powerful officials who have been felled by his sweeping anti-corruption … ( read original…
Biden, as President, Will Shift U.S. Toolkit on China
The president-elect will advance Washington’s tough, new attitude toward China, but with an approach that relies more on pressure from U.S. allies, sanctions and other tools to shape Beijing’s … ( read original story …)
