Bank of China Vice Chairman and President Liu Jin resigned for personal reasons effective on Sunday, the bank said. The state-owned lender said its board had approved Chairman Ge Haijiao to serve as …
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Bank of China President Liu Jin resigns
‘New Oil And Gold’—Crypto Is Suddenly Braced For The ‘Most Important’ Week After A Federal Reserve-Powered Bitcoin Price Surge
Bitcoin Bitcoin has rocketed higher this week after Federal Reserve chair Jerome Powell dramatically announced the “time has come” for interest rate cuts (though some are more focused on a China bazooka). Subscribe now to…
China imports record-high $26 billion of semiconductor equipment to make chips in 2024 so far
In a new report from Bloomberg, we’re finding out that Chinese imports of semiconductor equipment hit a new … ASML is based in the Netherlands, and wouldn’t you know, shipments from ASML to China …
China opposes US sanctions on firms over alleged ties to Russia’s war efforts
China has expressed its opposition to the latest U.S. sanctions on Chinese companies over their alleged ties to Russia’s war in Ukraine, saying it would adopt necessary measures to safeguard the rights and interests of…
Bank of China President Liu resigns, chairman to be acting president
BEIJING (Reuters) – Bank of China Vice Chairman and President Liu Jin resigned for personal reasons effective on Sunday, the bank said. The state-owned lender said in a statement that its board had …
China to push supportive monetary policy as financial risks ease: central bank chief
China is gradually resolving a series of financial risks and will press on with a supportive monetary policy to ensure an economic recovery, the country’s central bank chief said on the weekend. In an …
China’s Sinopec posts 2.6% rise in first-half profit
China’s Sinopec posted a 2.6% rise in net profit for the first half of the year, it said on Sunday, as rising oil prices boosted income.
China ‘Firmly Opposed’ to US Sanctions on Russia-Linked Entities
Beijing urged the US to “stop its wrong practices” after Chinese companies were included on a sanctions list that’s designed to target supply chains feeding Russia and hobble its wartime economy.
In Beijing’s Quest for Control of the South China Sea, a New Flashpoint Emerges
China is showing a growing willingness to escalate in the David-and-Goliath fight with the Philippines over control of the vital trade route.
Club Med owner bets on winter sports in China as skiing craze creates ‘severe shortage’
An asset-light strategy refers to a business model under which a company has only a small amount of fixed assets on its balance sheet. Club Med now operates three all-inclusive winter resorts in China …
Global entrepreneur summit held in Beijing
A boy plays chess with a robot at the exhibition area of HICOOL 2024 Global Entrepreneur Summit in Beijing, capital of China, Aug. 24, 2024. The global entrepreneur summit was held in Beijing from Friday…
China mutual funds reel from crackdown
China’s $4.4tn mutual fund industry has become the latest target of President Xi Jinping’s crackdown on finance, with new laws limiting fees and funds now subject to tougher and more frequent …
China slams US for adding firms to export control list, vows action
China’s Ministry of Commerce said on Sunday it strongly opposed the United States’ decision to add multiple Chinese entities to its export control list over Russia-related issues.
