ASML now has to look to Washington, not its home government in The Hague, to determine which of its top-class chip-making machines it can still sell to Chinese companies. The Dutch government on …
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The thing about crypto ownership
Ownership of crypto assets can be just as uncertain. Blame the conduct of unregulated platforms such as FTX in allegedly misusing client funds. The added difficulty — for example when pursuing …
Chinese e-commerce giant Alibaba expands number of physical grocery stores ahead of the unit’s IPO
Alibaba’s grocery unit Freshippo expanded its number of physical stores in China, the company said on Friday, as the business prepares to spin off from its parent company and go public. Freshippo, …
China raises relending, rediscounting quotas for farm sector, small firms by $27.5 billion
China’s central bank said on Friday it will increase its relending and rediscount quotas by 200 billion yuan ($27.53 billion) to support the farm sector and small firms, amid faltering economic …
China’s PBOC Asks Foreign Banks About Dollar Deposit Rates Amid Weak Yuan – Sources
China’s central bank has surveyed some foreign banks in the past week about the interest rates they offer to their clients for dollar deposits, people familiar with the matter said, as authorities …
China panda bond issuance hits record as low rates spur yuan borrowing
Foreign companies are issuing local currency bonds in China at record pace, lured by lower borrowing costs and government incentives aimed at promoting global use of the yuan.
Asia’s Former Richest Man Struggles To Raise Cash Amid Mounting Debts
Wang has been trying to raise funds by listing Zhuhai Wanda Commercial Management, the group’s property management arm, but the prospects look increasingly dim. The unit refiled …
China’s Slowdown Could Spell Trouble For The Asian-Pacific Region And The World
Since the Great Recession, China’s annual GDP growth has slowed, from around 14% in 2007 to about 4.5% recently, below the official targets. China’s economic slowdown is partly a numbers game. High …
Fentanyl Road: How deadly drug goes from China to Mexico, ends up in US
Precursor chemicals whose only use is to manufacture fentanyl are ordered by the Cartels from Chinese factories. The drug is then produced in Mexico and smuggled into the US.
China tightens Xi Jinping’s powers against the West with new law
China is adding to Xi Jinping’s vast powers with a new law that will assert Beijing’s interests on the world stage. The law threatens to punish entities that act in ways “detrimental” to China’s …
Yen weakens past key 145 per dollar level as yuan falls after China PMI data
The yen bottomed at 145.07 per dollar in early Asia trade, its lowest in over seven months, and was headed for a quarterly loss of more than 8%.
China’s FTZs deepen reforms to align with international standards
A citizen handles business at Shanghai’s Pilot Free Trade Zone Lingang Special Area in East China’s Shanghai, May 12, 2023. [Photo/Xinhua] BEIJING — China plans to deepen reforms in some eligible …
China’s Shein denies U.S. IPO rumors
Chinese fast fashion giant Shein denies a Reuters report that said it has filed for an initial public offering in the U.S.