China’s central bank on Monday let the yuan tumble beyond the key 7-per-dollar level for the first time in more than a decade, citing the trade war as the reason for devaluing the currency. It’s…
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Why the U.S. and China Are Playing Nice
Today in Sports – Michael Phelps wins 8th gold medal at Beijing Games for most ever at an Olympics
Robots race, play football, crash and collapse at China’s ‘robot Olympics’
How China, North Korea could be impacted if Russia-Ukraine war ends
Shenzhen firm’s ‘million-yuan weight loss’ campaign offers workers 500 yuan per half kg lost
China’s catastrophic South China Sea crash shows how dangerous high-risk moves at sea can be
China eyes Trump-Putin meeting, gauges West’s resolve on Ukraine
Recent Posts
China just let its currency fall to an 11-year low — a sign Beijing is ready fight back in Trump’s trade war
China’s new Star Market turns dozens of founders into overnight billionaires, while some small investors nurse heavy losses
Some small investors may be nursing losses after taking a punt on China’s new board for technology companies, but many of the senior executives of the listed start-ups are celebrating a windfall. The … (…
China’s softer stance on insurance market entry sets the bar too high for smaller insurers, analysts say
China’s latest relaxation on foreign insurance companies entering the country is welcome news for many global brands, yet smaller players appear to have been left out in the cold, according to … ( read original…
Promotions and patriotism: ‘Battle Mode’ Huawei sees China smartphone sales surge
amplifying the brand’s existing broad appeal in its home market – a market it is increasingly dependent on as Washington’s ban on sales of U.S. components and software to Huawei hammers overseas … ( read…
All the bubble tea recipes in China turn up online, but will brands bite back?
Some of China’s most popular bubble tea recipes are being sold online – although sceptics are questioning their authenticity and usefulness. Originally from Taiwan, bubble tea – a tea-based drink with … ( read original…
Cryptocurrency in China: Over the Counter, Under the Table
There remains a great deal of confusion surrounding the legal status of cryptocurrency in China. Related: South Korea Declares Partial ‘Regulation-Free’ Zone for Crypto Companies Between … ( read original story …)
China will deepen regional financial reforms, lower funding costs
BEIJING (Reuters) – China will deepen its regional financial reforms, using various policy tools to lower corporate funding costs, especially for small firms, Chen Yulu, a vice governor of the … ( read original story…
Flex says China jobs impacted after Huawei row
Chinese financial magazine Caixin reported late on Sunday that some 10,000 Flex jobs in China were expected to be cut as two major factories in Changsha and Zhuhai had stopped work due to its row…
Tumble by China’s yuan sends most Asian currencies into a tailspin
The yuan sank nearly 1.5% to 7.042, breaching the key level for the first time since the global financial crisis in 2008. The closely-managed currency’s move lower sets the stage potentially for … ( read…
China’s yuan goes through 7 to the dollar to an 11-year low
LONDON — China let its yuan weaken below 7 yuan per … floor to its lowest in the onshore market since the 2008 global financial crisis. In offshore markets, the yuan fell to its weakest…
China’s yuan falls below sensitive level of 7 to U.S. dollar
Trump rattled financial markets Thursday by announcing plans for 10% tariffs on an additional $300 billion of Chinese goods, effective Sept. 1. That would extend penalty duties to almost all U.S. … ( read original…
Chinese currency falls to financial crisis levels on trade war woes
China’s currency the renminbi has fallen to its lowest level against the dollar since the financial crisis, crashing through the seven-per-dollar threshold after an escalation in the US-China trade … ( read original story …)
GM looks to the future by investing in technology
We believe technology is the key to turn the vision into reality,” said Matt Tsien, GM executive vice-president and president of GM China, on Tuesday in Shanghai. Improving research and development of … ( read…
