Imagine trusting your life savings to a group of strangers you know only via WhatsApp. Some affluent Chinese people are willing to make that gamble to get part of their wealth out of the mainland.
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BMW debuts animated E Ink hood at Beijing Auto Show
China Formalizes Labor Rules for Gig Workers on Online Platforms
Beijing lashes out at EU after Chinese firms included in latest Russia sanctions
China’s Hengli Petrochemical denies trade with Iran in response to US sanctions
Trump-Xi Meeting In Beijing Likely To Discuss Iran: Top China Expert
BYD, Peugeot and VW debut bold EVs at Beijing auto show
From supply chain to record growth: Shenzhen dominates China’s robotics landscape
Recent Posts
China’s Rich Entrust Total Strangers to Sneak Cash Out of the Country
China was hoping for a Golden Week consumption boom. It didn’t happen
China has concluded its Golden Week holiday on a muted note, with key travel and spending data showing weaker-than-expected recovery in consumption amid a wider economic slump.
China Extends Taiwan Trade Probe, Taipei Cries Election Interference
BEIJING/TAIPEI (Reuters) – China on Monday extended an investigation into what it calls Taiwan’s trade barriers against it by three months to the eve of the island’s presidential election, prompting Taipei to accuse Beijing of…
Evacuations ordered as remnants of Typhoon Koinu hit southern China
People have been moved to shelters and nearly 2,000 boats recalled to port as the remnants of Typhoon Koinu hit southern China after leaving one dead and over 300 injured in Taiwan.
GSK signs shingles vaccine deal with China’s Zhifei for around $3 billion
China’s largest vaccines company Zhifei will pay British drugmaker GSK 2.5 billion pounds ($3.05 billion pound) for the exclusive rights to distribute GSK’s shingles vaccine in the world’s No.2 pharmaceuticals market.
Tesla’s China sales are falling compared to its rival BYD—and the drop could have been worse without its price war
Tesla sold 10% fewer cars in China last month than the same period a year earlier, according to new data from the China Passenger Car Association.
China Opposes Violence, Attacks in Middle East Crisis
“China opposes actions that escalate conflicts and undermine regional stability. We hope to see an early ceasefire, cessation of war and restoration of peace,” spokesperson Mao Ning said at a regular …
China’s Sept new yuan loans seen jumping on policy boost- Reuters poll
China’s new yuan lending is expected to jump in September after a surprising surge in August, a Reuters poll showed, as the central bank strives to boost the economy’s recovery amid tepid demand both …
A $500 Million Fundraising for China Evergrande’s EV Business Is in Doubt
A Dubai-based automaker is having second thoughts about pumping $500 million of cash into China Evergrande Group’s fledging electric-vehicle business. Evergrande Auto, a unit of the beleaguered …
China Calls for Ceasefire, ‘Two-State Solution’ Amid Conflict Between Hamas, Israel
C hina called for an “immediate ceasefire” and reiterated support for an independent Palestinian state after Hamas launched a surprise attack on Israel that shattered regional stability.
GSK signs shingles vaccine deal with China’s Zhifei for around $3 bln
China’s largest vaccines company Zhifei will pay British drugmaker GSK 2.5 billion pounds ($3.05 billion pound) for the exclusive rights to distribute GSK’s shingles vaccine in the world’s No.2 …
UPDATE 1-In Beijing, Schumer urges China to support Israel after Hamas attacks
U.S. Senate Majority Leader Chuck Schumer on Monday called on China to support Israel after deadly attacks by Hamas, adding he was “disappointed” that Beijing showed “no sympathy” for the country over …
China’s Local Gov’ts to Likely Speed Issuance of Special Refinancing Bonds, Insiders Says
The municipal bonds of Tianjin and that of the provinces of Guizhou and Yunnan had high risk. The outstanding interest-bearing municipal bonds Tianjin issued were CNY1.72 trillion (USD235.6 billion) …
