The US is concerned that China is flirting with the idea of seizing control of Taiwan as President Xi Jinping becomes more willing to take risks to boost his legacy. “China appears to be moving…
Tagged By banking
Baidu, Tencent in U.S. extend slide after SEC actions amid U.S.-China tension
U.S.-listed shares of China based Baidu Inc and Tencent Music Entertainment group plunged this week, dropping as much as 33.5% and 48.5%, respectively, from Tuesday’s closing levels. Talks last week … ( read original story…
China imposes sanctions on UK MPs, lawyers and academic in Xinjiang row
Former Tory leader Iain Duncan Smith says he will wear the retaliation like a ‘badge of honour’ … ( read original story …)
China’s economy will become larger than that of the U.S. by 2032, says economist
The U.S. will still remain richer than China in GDP per capita terms for at least 50 years or more, says Simon Baptist of the Economist Intelligence Unit. ( read original story …)
China Construction Bank fourth-quarter profit jumps 58%, beats estimates
China Construction Bank Corp (CCB) logged a 57.6% jump in fourth-quarter net profit, its first climb in profit in three quarters. ( read original story …)
Asia Gains, 2021 China GDP Forecast Raised, Week In Review
The PBOC and CSRC, China’s central bank and securities regulator, respectively, reiterated that monetary policy will involve “no sharp turns” in 2021 in speeches on Monday, which soothed Mainland … ( read original story …)
World Bank approves 400-million-USD loan for China’s food safety
The World Bank has approved a loan of 400 million US dollars for a food safety improvement project in China to help the country … ( read original story …)
China sanctions: Boris Johnson praises MPs banned by Beijing for ‘shining a light on gross human rights violations’
Boris Johnson has said he stands firmly with MPs and other British citizens who have been sanctioned by China for speaking out against gross human rights violations against the Uighur people. ( read original story…
China potential economic output may grow 5%-5.7% over 5 years: central bank working paper
China’s potential economic output is expected to grow 5%-5.7% over the next five years, according to a central bank working paper published late on Thursday. In China’s 2021-2025 economic plan … ( read original story…
Beijing offers home-made coronavirus vaccines to foreigners
In its notice on social media, the city did not identify the vaccines to be given to non-Chinese but said they would make use of ”inactivated” coronavirus, killed to ensure it cannot infect people but…
China’s Bank of Communications Q4 profit jumps 49%, beats estimates
China’s Bank of Communications Co Ltd (BoCom), booked a 49.2% jump in fourth-quarter net profit, its first profit gain in three quarters. ( read original story …)
China’s dual-listed tech giants lost $60 billion in market value over three days as delisting threats loom
To exacerbate matters, China’s tech firms are also facing potential challenges domestically as Beijing seeks to regulate the sector and establish new rules in industries ranging from financial … ( read original story …)
China sanctions Britons after UK joins EU move on Xinjiang
China announced sanctions on British individuals and entities Friday following the U.K. The move was the opening salvo in its latest full-bore response to criticism and sanctions from the West. A … ( read original…
