China’s government has warned of “criminals” attracting retail investors into Ponzi schemes using buzzwords such as “blockchain” and “virtual currency”, as official concerns over risk trump support fo… ( read original story …)
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China warns public over ‘blockchain’ Ponzi schemes
Waymo wants to test its self-driving car tech in China
Waymo, one of the leading US developers of driverless car technology, confirmed it had set up a legal entity in China several months ago and has people working there. The company declined to comment f……
Waymo sets up subsidiary in Shanghai as Google plans China push
BEIJING/SHANGHAI (Reuters) – Alphabet Inc’s (GOOGL.O) self-driving unit Waymo has set up a subsidiary in Shanghai, according to a business registration filing, the latest sign that the U.S. internet g… ( read original story …)
Exclusive: China to keep hitting back at U.S. over trade, to boost government spending – finance minister
BEIJING, Aug 24 (Reuters) – China will keep hitting back at Washington as more U.S. trade tariffs are imposed, but its counter-strikes will remain as targeted as possible to avoid harming businesses i… ( read…
China to keep hitting back at US over trade, to boost gov’t spending: Finance Minister
The Chinese government will increase its spending to support workers and the unemployed who are hurt by the trade conflict. BEIJING: China will keep hitting back at Washington as more US trade tariffs … (…
China Removes Foreign-Stake Limits in Banks, Asset Managers
Overseas financial institutions will now be treated the same as local companies, the China Banking and Insurance Regulatory Commission said in a statement late Thursday, taking forward a process start… ( read original story …)
Japan, China finance ministers to meet in Beijing as relations improve
TOKYO (Reuters) – Finance ministers and officials from Japan and China are to meet in Beijing on Aug. 31, a Japanese official said, a sign of improving ties amid Sino-U.S. trade tensions. Japanese Fin… (…
China official says U.S. tariffs will impact high-tech industries in both nations
BEIJING (Reuters) – China’s state planner said on Friday the United States’ tariffs on Chinese high-technology products will have an impact on high-tech industries in both countries. Ren Zhiwu, head o… ( read original story…
China Removes Foreign Ownership Limits in Banks, Asset Managers
Overseas financial institutions will now be treated the same as local companies, the China Banking and Insurance Regulatory Commission said in a statement late Thursday. Foreign stakes were previously … ( read original story …)
China Unicom promises 300 Beijing 5G bases this year
China Unicom (CHU +1.2%) is promising to build 300 5G base stations in Beijing this year. That comes as part of the state-owned telecom’s “NEXT 5G” initiative. The company also plans to pilot 5G techn……
Why China and US tech stocks are diverging
“Tech sector [in China] had previously been the large beneficiary of such large inflow, now it is seeing the reverse,” Liu told Yahoo Finance in an email. With ongoing trade negotiations between the t… (…
Australia bans China’s Huawei from 5G mobile network, angers Beijing
SYDNEY (Reuters) – Australia has banned Chinese telecoms firm Huawei Technologies Co Ltd [HWT.UL] from supplying equipment for a 5G mobile network, citing risks of foreign interference and hacking whi… ( read original story …)
China Mobile HK claims 5G network testing record
China Mobile Hong Kong (CMHK) has proclaimed it is the first network provider in Hong Kong to successfully complete end-to-end 5G network testing. CMHK says it has successfully built a 5G network that … (…
