China commerce ministry spokesperson Shu Jueting said at a news conference on Thursday that the country’s retail, catering and accommodation sectors are under pressure from COVID-19, but that she …
Recent Posts
Apple’s iPhone plant in China hit with Covid-19 outbreak: Report
Although Apple has sought to diversify its supply chain, including starting assembling iPhone 14 in India, Apple still relies massively on China for most of its iPhone production.
China Urges Rich World to Shun ‘Empty Slogans’ Ahead of Climate Talks
Rich countries must move on from “empty slogans” when it comes to climate change and make progress in meeting funding commitments, a Chinese official said on Thursday ahead of a new round of global …
‘Spending spree’: Senators push Hunter Biden prober over China-tied bank docs
Republican Sens. Chuck Grassley and Ron Johnson gave the federal prosecutor probing Hunter Biden a little nudge Wednesday — sending him more than 200 pages of bank records showing millions …
Tesla’s China price cut plays offence and defence
Tesla’s is a double-edged sword. The $700 billion carmaker says lower production overheads prompted it to lop up to 9% off the cost of new vehicles in the country. But it also smacks of a…
Hong Kong Finance Chief Contracts Covid Ahead Of Banking Summit
Hong Kong’s finance chief could have to miss an upcoming global banking summit in the city, after his office revealed Thursday he had tested positive for the coronavirus. City authorities are eager …
China locks down part of Wuhan, nearly three years after first Covid case emerged
More than 800,000 people locked down in site of world’s first Covid outbreak in 2019, as other Chinese cities seal up streets and homes …
Hong Kong could be key for China’s crypto comeback: Arthur Hayes
Arthur Hayes, former CEO of crypto derivatives giant BitMEX, has outlined his belief in a recent blog post that, “When China loves crypto, the bull market will come back”.
Wood farms out 20% of China business
Aberdeen-headquartered contractor Wood has sold 20% of its China outfit Wood China to local Chinese contractor and automation system specialist Zhejiang Supcon Technology. The farm-out is based on the …
Video: Covid patient in China lifted using crane as infection uptick continues
As China reported a third straight day of over 1,000 new Covid cases in the country which has resulted in more curbs and restrictions nationwide, authorities in China appear to have gone to great …
UBS launches digital wealth management platform in Shenzhen
UBS announced on Wednesday the official launch of its digital wealth management platform in Shenzhen, aiming to use financial technology to better serve the growing affluent population in China.
As Xi Jinping begins a third term, Australia must push to engage China on common interests
An overconfident Beijing and a Xi surrounded by yes-men poses a great risk to Pacific stability, making bilateral meetings all the more important …
China’s Property Crisis Is Fueling Record Loss in BEA Debt
China’s property debt crisis is deepening challenges for creditors. The latest is a record drop in bonds from a Hong Kong-based lender with a comparatively high rate of soured loans to the sector.
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