China is barring tutoring for profit in core school subjects to ease financial pressures on families that have contributed to low birth rates, a report in the official Xinhua news agency said on …
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China bars for-profit tutoring in core school subjects -document
China is barring tutoring for profit in core school subjects to ease financial pressures on families that have contributed to low birth rates, news that sent shockwaves through its vast private …
Beijing Continues to Open Up Financial Sector, But Tightens Control Over Foreign Investment
China is committed to opening up its financial sector, according to a State Council executive meeting held on July 21. The meeting, attended by Chinese …
Beijing tutoring crackdown slams U.S.-listed Chinese stocks
Fears of increased of regulation from Beijing crushed U.S.-listed Chinese stocks on Friday following a Chinese government crackdown on private educators. U.S. shares of TAL Education Group and New …
WeChat mini programs for banking pose ‘significant’ risks of personal data leakage, says report
An official review of 50 personal banking mini programs on WeChat found that more than half did not encrypt user information, posing significant risks of data leakage.
At the Front Line : Reflections on the Bank’s Work with China over Forty Years, 1980-2020
It is clear that the World Bank from the very beginning provided honest and evidence-based advice to China, but China was always in the driver’s seat in structuring the relationship and in …
China’s foreign-currency bank deposits up 129.7 bln USD in H1
China bank deposits in foreign currencies increased by 1297 billion US dollars in the first half of this year a senior official …
As China pushes for use of carbon quotas as loan collateral, banks seek more clarity about creditors’ rights
China’s banking regulator’s call for banks to lend against carbon emission quotas has caused lenders to give a second look at its risks.
Asean nations left ‘exposed’ by global minimum corporate tax seen forging closer ties with China
A 15 per cent minimum corporate tax has been hailed as a way to improve the fiscal positions of countries hit hard by the pandemic, but it could be years before tangible results are seen.
Beijing Tourism Co. Wants More Info In $1.4M Award Dispute
A Chinese tourism company has urged a Massachusetts federal court to reject a hot air balloon manufacturer’s “dubious statements” in response to discovery requests, asking that the court compel the …
The Power of Ice and Snow Supports the Preparation of Beijing Winter Olympics
Expo (WWSE) will be held in the National Convention Center and Shougang Park from September 2nd to 7th. On July 21st, the press conference for WWSE was held in Beijing to unveil information about the…
China’s Flood-Stricken Henan Braces for More Rain as Deaths Rise
China’s flood-stricken Henan province will be bracing for more heavy rain, just a day after a deluge sparked the evacuation of 165,000 people and left at least 25 dead. Precipitation of as much as 668…
More than 90% of adult Beijing residents fully vaccinated against COVID-19
China’s capital Beijing has fully vaccinated nearly 91% of its adult residents against COVID-19, data from the municipal government showed, as the country expands its nationwide vaccination efforts.
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