Chinas Supreme Court has made waves by directly targeting virtual assets in a significant revision of its Anti-Money Laundering laws, reflecting the countrys intensified focus on financial crimes.
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China remains key to global progress
China has now graduated and will continue to learn and share, contributing to a world of shared values and progress – the only question is will it be met with more resistance or embraced? As…
China’s record hydro and solar cut coal power during heatwave: Kemp
China’s electricity consumption smashed the previous record in July as a prolonged heatwave settled over major load centres, especially in the Yangtze Delta, driving an enormous increase in air-conditioning and refrigeration.
Biden leaves successor with unfinished business in China, Middle East
The Biden administration fought to bring the US closer to the rest of the world after Trump’s policy of isolationism.
China leads in genAI adoption, business leaders confident in skills: report
In a July survey of 1,600 decision-makers by SAS and Coleman Parkes, China was found to lead the pack in generative AI adoption, followed by the UK and the US.
BMW’s China-made electric Mini to receive lower 21.3% tariff
BMW said that its joint venture in China which produces the electric Mini was classed as a “cooperating company” in the EU’s latest draft tariff document on duties for China-made EVs, qualifying it …
US Sends Defense Treaty Trigger Warning to China
A maritime analyst has called Sabina Shoal a “new front” in China’s long-running territorial dispute with the Philippines.
China’s rare copper export boom signals more than weak demand
A rare burst of Chinese exports has deflated bull spirits in the copper market, with funds dumping long positions and prices down by 16% from the record highs seen in May.
China May Let Local Governments Sell Bonds to Buy Homes
China is considering a new funding option for local governments to buy unsold homes after a series of rescue packages failed to prop up the market, according to people familiar with the matter.Most Re …
China Tightens Regulations on Virtual Assets Amid Increased Money Laundering Prosecutions
China’s Supreme Court and Supreme Procuratorate have updated the Criminal Law to include “virtual asset” transactions as a method of money laundering. This new interpretation reflects a growing …
China’s Xi lauds Olympic team for ‘morality and style’ amid doping scrutiny
China’s President Xi Jinping on Tuesday hailed the Chinese Olympic delegation for maintaining high standards of “morality, style and cleanliness” in their pursuit of gold metals at the Paris Olympics.
China Ally Hints Putin-Xi Pipeline Plan Is Going Nowhere
Russia’s proposed natural gas pipeline to China hit a roadblock on Friday after the landlocked East Asian country Mongolia moved to exclude the project in its national action program through 2028.
Tesla stock rises as EU cuts planned tariff on EV maker’s imports from China
Tesla Inc.’s stock rose 1% in premarket trades Tuesday after the European Commission cut its planned tariff on imports of the company’s electric vehicles from China. In a statement, the European …
