China Cinda Asset Management said on Thursday it plans to scrap an agreement to buy a 20% stake in the consumer finance arm of Ant Group, worth 6 billion yuan ($943.83 million).
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China’s Cinda scraps $944 mln investment into Ant’s consumer finance unit
China Meat Supply Revised Up 7% in USDA Report
Total China meat supply in 2022 is expected at 79 million tons, revised up 7% from the prior forecast and again surpassing total meat supplies before the emergence of African swine fever (ASF), …
China Reportedly Wants to Separate NFTs from Crypto With State-Backed Blockchain
China is planning to separate the infrastructure used for crypto from the one used to create NFTs so that its crackdown on cryptocurrencies doesn’t harm the country’s NFT industry, a report from South …
China FDI inflows hit record high in 2021
In a year when the pandemic continued to wreak havoc on the world economy, global investors have cast more votes of confidence on investing in China as the foreign direct investment (FDI) into the …
Dubai Chambers hosts first 3-day Shenzhen Products Show
The show is being co-organized by Dubai Chamber of Commerce and the China Council for the Promotion of International Trade (CCPIT) aimed to build new bridges between public and private sector …
China’s R&F Properties Hong Kong Arm Put in ‘Selective’ Default by S&P
Chinese developer Guangzhou R&F Properties, which has a number of super-sized projects in global cities such as London, saw its Hong Kong offshoot declared in “selective default” on Thursday after it …
China urges Turkey to respect sovereignty as Beijing’s worries over Xinjiang influence grow
China has told Turkey the two countries should respect each others’ sovereignty and understanding of ethnic issues – in a possible sign of Beijing’s concern about Turkish influence in Xinjiang. In a …
China to let visiting athletes and spectators use digital yuan at Beijing Winter Olympics
Overseas athletes and spectators visiting the Beijing Winter Olympics will be among the first foreign nationals to be able to trial China’s digital yuan central bank digital currency (CBDC) at event …
China reopens one more border gate with Vietnam for fruit imports
Chinese authorities re-opened its Hekou International Border Gate – which pairs with Vietnam’s Kim Thanh II border gate in the northern province of Lao Cai – for imported …
Shanghai and Shenzhen: Municipal-level Data Regulations Indicate A Trend of China’s Data Governance
By Donnie Dong Shanghai and Shenzhen, the two economic hubs of China, implemented their respective “Data Regulations” on a same day January 1, 2022. These municipal-level legislations attempt to …
China Wants to Know What Putin Will Get Away With
As Joe Biden confronts Vladimir Putin about Russia’s military buildup along its border with Ukraine, another world leader is probably watching with keen interest. China’s Xi Jinping, too, has a …
China to pursue major standards-setting role in 6G mobile technology amid Chinese lab’s recent breakthrough
The world’s second-largest economy is moving to take a leading role in shaping the next-generation mobile technology, following its success with 5G.
China aims high in agricultural sci-tech innovation
China is striving to beef up its innovation capacity in agricultural science and technology to further safeguard food security of the country, according to a five-year development guideline of the …
