Rarely has such a small move in markets been so closely watched—or had so much at stake. The People’s Bank of China, which has defended seven to the dollar previously, undoubtedly allowed the currency ……
Featured Posts Title
Malaysia’s ‘ASEAN Shenzhen’ needs some significant legal reform to take off — here’s how
Pop Mart’s Labubus boost China’s soft power as Beijing brands find global appeal
Beijing Defends China Firm for Handling of Zambia Mine Disaster
Ahead of Wang Yi’s arrival, Congress flags Beijing’s support to Pakistan during Operation Sindoor
xMEMS Labs Announces 3rd Annual ‘xMEMS Live Asia’ Seminar Series in Taipei and Shenzhen
Wuhan Huakang Century shares surge after Chair Tan released from detention
Watchmaker Swatch apologises for ‘slanted eye’ ad after online backlash in China
Recent Posts
Beijing Risks Economic Self-Harm by Weaponizing the Yuan
China central bank says will deepen regional financial reforms
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…
China Hits Back at Trump With Weaker Yuan, Halt on Crop Imports
After trying to placate Donald Trump for more than a year only to face tariffs on virtually all its shipments to the U.S., China is signaling it’s ready to play hardball. In a stark escalation…
China Says Yuan Breaks 7 on Tariff Threats, Vows Stability
“Today’s move suggests that China sees there is a need to allow more currency flexibility to counter the headwinds from the trade front.” The yuan has “fundamental support” from a healthy economy, … ( read…
China Mobile HK Opens Hong Kong’s First Ever 5G Experience Store
China Mobile Hong Kong’s (CMHK) recently opened Hong Kong’s first ever 5G Experience Store to the public, making a great leap forward into the 5G era, with the licensing of 3.3GHz, 3.5GHz and 4.9GHz ……
China Mobile Hong Kong opens first flagship store in Central
China Mobile Hong Kong (CMHK) opened its first flagship store in Central, designed to demonstrate the new opportunities brought by 5G technology to the public. Spanning 2,800 square feet, the … ( read original story…
In China, Big Brother is watching you even as you sort your trash
China’s interlocking system of surveillance cameras, as it infiltrates governmental initiatives, shows just how technology is reshaping the relationship between those who govern and those who are … ( read original story …)
China Prepares to Allow Investors to Buy Xiaomi, Meituan Shares
Hong Kong Exchanges & Clearing Ltd.’s years-long push for weighted-voting rights, which are often used by tech founders to keep control of their companies even after going public, was in part premised … ( read…
China’s Didi Chuxing launches autonomous driving unit as independent company
Didi’s chief technology officer (CTO), Zhang Bo, has been named CEO of the autonomous driving unit. He will continue to be CTO of the ride-hailing giant. … ( read original story …)
China Warming to Idea of Yuan as Trade War Weapon, Analysts Say
(Bloomberg) — Analysts say the yuan’s sudden slump is a sign China’s central bank will allow more depreciation after the U.S. vowed to hit the country’s products with new tariffs. The move by the ……
People’s Bank Of China Ramps Up Crypto Development
China’s central bank, the People’s Bank of China (PBoC), announced that it has accelerated the development of its own cryptocurrency, reported Cointelegraph on Sunday (Aug. 4). PBoC hosted a video … ( read original story…
China’s yuan falls below 7 to U.S. dollar
BEIJING — China’s yuan has fallen below the politically sensitive level of seven to the U.S. dollar, possibly adding to trade tension with Washington. The tightly controlled currency weakened to … ( read original story…
Haier, China Mobile and Huawei Launch AI+5G Interconnected Factory
China Mobile, Huawei and China’s Haier Electronics Group recently launched an AI+5G interconnected factory at the 2019 World Industrial Internet Conference (WIIC) in Qingdao. This improvement refines … ( read original story …)
ADVERTISEMENT
