(Bloomberg) — Gary Gensler has a message for people pouring money into crypto on promises of high returns: beware. Most Read from Bloomberg China Alarms US With Private Warnings to Avoid Taiwan …
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Forever 21 Makes Third China Attempt with Third-tier City Store
The store, currently under construction, is three-hour drive away from Shanghai at a shopping mall in Taizhou, Jiangsu province.
BYD is selling so many electric cars it’s become one of the top three automakers in China
BYD’s growing sales for various models have helped the company climb into the ranks of the top three brands in China by passenger car sales so far this year.
China’s ‘618’ shopping festival to test COVID-hit shoppers’ urge to splurge
China is set to get a picture of how the country’s zero-COVID-19 policy and slowing economy have impacted shoppers’ urge to splurge, as e-commerce platforms gear up to report takings from the mid-year …
Foreign Banks Face Uncertainty in China
Recent news noted that Credit Suisse Group is slowing its expansion in China, but this doesn’t mean that major foreign banks are pulling out or ending their China dream. Morgan Stanley, Citigroup, UBS …
Warehouses in China and U.S. show global economy struggling to adjust
Container ships at the Port of Los Angeles on June 10. (Kyle Grillot/Bloomberg News) Warehouses in China and the United States are stuffed with unsold televisions, refrigerators and sofas, a shared …
China Accuses U.S. of ‘Fueling Militarization’ in Asia
After a downturn in bilateral relations with China during the presidency of Donald Trump, Joe Biden’s administration now finds itself in an intense, full-spectrum rivalry that includes everything from …
Shanghai Tries New Tactics to Stamp Out Crypto Mining
Shanghai has stepped up a crackdown on crypto mining by instructing data center companies to weed out the power-hungry activity and make a pledge to abide by regulations, according to a notice issued …
China cyberspace regulator’s revised rules governing mobile apps to be effective in August
China will put into effect revised rules governing mobile apps on Aug. 1, the cyberspace administration said on Tuesday.
US bill won’t stop China’s development, will backfire: official
A spokesperson for China’s Foreign Ministry on Tuesday blasted a US Congress bill that aims to restrict investments into China’s tech sector as undermining international trade order and global supply …
China’s industrial economy grows leaps and bounds in past decade
A visitor is massaged by a service robot at the 2021 World Artificial Intelligence Conference (WAIC) in east China’s Shanghai, July 8, 2021. (Xinhua/Fang Zhe) BEIJING, June 14 (Xinhua) — China’s …
China’s Shenzhen sees trade grow with RCEP members
China’s southern boomtown Shenzhen in Guangdong Province saw its trade with members of the Regional Comprehensive Economic Partnership (RCEP) near 354 billion yuan (about 52.4 billion U.S. dollars) …
Beijing Investigates Bar Staff as Covid-19 Outbreak Worsens
Mass-testing continues in the capital and entertainment venues are shut, just a week after many businesses reopened.