Some Chinese are upset after singer pays tribute to U.S. troops in the conflict, prompting brands to minimize potential economic fallout. ( read original story …)
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K-pop boy band BTS faces boycott calls in China over Korean War comment
Renminbi gains as China strengthens
But, after blundering badly when it covered up the initial outbreak of Covid-19 in Wuhan, China contained the virus more swiftly than most countries thanks to a fierce lockdown. As a result, the … (…
China’s Central Bank Drafts Rules for Fund to Help Manage Risks of Third-Party Payment Firms
The People’s Bank of China (PBOC) requires payment firms to hand in provisions from January 2019 to secure clients’ money, which comes along with a quarterly interest. Now it plans to take 9.5% to ……
Blockchain can add $1.76 trillion to global GDP by 2030, says report
A new PwC study found that blockchain technology through its wide range of use cases will potentially add $1.76 trillion to the global gross domestic product in the next 10 years. It would make 1.4%…
Louis Vuitton, Prada, and Loewe: Three Brands, Three China Content Strategies
Before, brands was under the impression that most big-ticket purchases would be made overseas, now their content strategies must confront the new normal. ( read original story …)
Exclusive: Chinese regulatory probe delays approval for Ant’s IPO, sources say
delaying approval for what could be the world’s largest IPO, three people with direct knowledge of the matter said. The China Securities Regulatory Commission (CSRC) is looking into the role of … ( read original…
China’s trade boomed in September, reaffirming the world’s second largest economy is recovering from the pandemic
China’s imports increased to 13.2% year-on-year in September, beating expectations for a 0.3% increase while exports rose 9.9% year-on-year in September. ( read original story …)
U.S.-China Trade Soars by a Fifth, Despite Trump Tariffs
The world’s second largest economy saw its trade growth accelerate in September. Exporters reaped the benefits of record demand for masks and medical supplies and received a boost from China’s early … ( read original…
Hong Kong’s leader ‘doesn’t mind’ Shenzhen’s rise, as central government heaps incentives on mainland ‘model city’
Hong Kong’s leader has said she does not mind that Shenzhen has surpassed its GDP, adding that rather than seeing the neighbouring tech hub as a competitor, she hopes Beijing will allow the two cities…
Shenzhen residents embrace digital currency
China’s central bank has issued 10 million yuan ($1.5m; £1.1m) worth of digital currency to 50,000 people in the Shenzhen area via a lottery. The move is the latest in a series of trials testing…
Here’s a first glimpse of China’s digital yuan
China has begun its largest-ever test of its virtual currency, with 50,000 citizens invited to try out the government’s digital yuan wallet. ( read original story …)
Asia Today: China city says it’s tested 3 million for virus
Authorities in the eastern Chinese port city of Qingdao said they have completed coronavirus tests on more than 3 million people following the country’s first reported local outbreak of the virus in n … (…
China Broadcasting Network established as 4th telecom operator
China Broadcasting Network Co Ltd was established on Monday in Beijing, becoming the country’s fourth telecom operator, with a registered capital of 101.2 billion yuan ($15.1 billion). The company … ( read original story …)
