Chinese authorities announced on Friday a 7.12 billion yuan ($984 million) fine for Ant Group, ending a years-long regulatory overhaul of the fintech company and marking a key step to concluding a …
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China ends Ant Group’s regulatory revamp with $984 million fine
U.S. Treasury chief Janet Yellen pushes China over “punitive actions” against American businesses
Janet Yellen, in Beijing to meet Chinese officials and American businesses, stressed the U.S. desire to trade, but not at the expense of security.
Did ‘Barbie’ cross the line? How a ‘child-like’ map stirred a South China Sea dispute
This is China’s vast — and fiercely disputed — territorial claim over most of the South China Sea. It is made up of nine broad-brush dashes, representing a colossal maritime claim that has been summarily…
U.S. Treasury chief Janet Yellen visits China with warning over “unfair economic practices”
Janet Yellen, in Beijing to meet Chinese officials and American businesses, stressed the U.S. desire to boost trade, but not at the expense of security.
Understanding China’s Gallium Sanctions
The announcement has sparked renewed concern in the United States about its dependence on critical mineral imports from China. However, current and future production capacities in Japan, Germany, and Australia undermine the power of this…
China Consumer 2023 | UK Consumer Brands Meet Leading China Partners & Influencers
The second day of the China-Britain Business Council’s China Consumer 2023 programme took place on 5th July in CBBC’s London office and online. With British Consumer brands offered a rare platform …
Alibaba’s shares rise after China fines Ant Group almost $1 billion for ‘illegal acts’
A long-running regulatory crackdown on Alibaba’s financial arm Ant Group has ended with a fine, sending the stock up 5%.
China Ends Tech Crackdown With Fines on Tencent, Ant Group
Chinese regulators imposed more than $1 billion in fines on tech giants Ant Group Co. and Tencent Holdings Ltd., signalling an end to a crackdown on the sector that had wiped out billions in market…
Beijing Faces Economic Policy Failures On A Grand Scale
Beijing has had to roll out a new stimulus package and in doing so effectively admit that the original policy (to correct for the old, failed Covid policy) also had failed. The authorities in the…
China-Led Infrastructure Bank Finds No Evidence of Communist Party Influence
Beijing-backed AIIB conducted an internal review after its communications director resigned and leveled accusations.
US sees climate finance as area of possible cooperation with China, Treasury official says
WASHINGTON, July 7 (Reuters) – U.S. Treasury Secretary Janet Yellen will meet with the China’s vice premier and women economists on Saturday during her trip to Beijing, a U.S. Treasury official said.
Tesla Is Offering Cash Rebates in China. The EV Price War Might Not Be Over.
Tesla said it would offer Chinese buyers a cash rebate if they had a referral from an existing owner, a day after joining an agreement to end a price war.
China hits Alibaba affiliate Ant Group with $985 million fine for violating various regulations
China’s central bank hit Alibaba affiliate Ant Group with a 7.12 billion yuan fine ($985 million) on Friday. Chinese regulators forced Ant Group to restructure its business after cancelling its blockbuster initial public offering in…
