China’s banking sector disposed of 3.02 trillion yuan ($466.6 billion) in non-performing assets in 2020, the country’s top banking and insurance watchdog said on Friday, up more than 50% from a year … ( read…
Tagged By beijing
China failed to buy agreed amounts of U.S. goods under ‘phase one’ trade deal, data shows
In 2020, China imported $100 billion of the U.S. goods agreed in the deal — roughly 58% of the targeted $173.1 billion, according to data compiled by PIIE. ( read original story …)
Remy Cointreau third-quarter sales beat forecasts with China, U.S
French spirits group Remy Cointreau posted a 25.1% rise in third quarter like-for-like sales, beating expectations, driven by strong demand for its premium cognac in the United States and in China, … ( read original…
Pompeo’s Xinjiang ‘genocide’ declaration presents Biden with an early China challenge
As Joe Biden prepared to be sworn-in as President, both the outgoing Trump administration and Beijing made a last minute play to shape his future China policy — and provide the first major foreign ……
China Cracks Down on Fake Divorces That Let People Buy More Properties
A resurgence in real estate prices in Shanghai and Shenzhen has prompted authorities to rein in speculation, in line with the Chinese government’s resolve to keep the property market in check. ( read original story…
China drives luxury brands
The rapid recovery in the Chinese economy has boosted luxury goods brands Compagnie Financière Richemont SA’s sales for the three months to end December. Though overall sales were only up 5% to €4.18 … (…
UPDATE 2-Chinese vaping firm RLX raises $1.4 bln in U.S. IPO – sources
Chinese vaping firm RLX Technology Inc sold shares in its U.S. initial public offering (IPO) on Thursday at $12 a piece, above its target range, to raise $1.4 billion, according to three sources with ……
Why State Aid Stirs Controversy From China to the EU
In theory, the system of free trade driving the world economy is supposed to provide a “level playing field” for all. In practice, countries have long complained that rivals unfairly dish out aid in ……
Oil prices fall as China’s surging COVID-19 cases trigger clampdowns
Oil prices dropped on Friday, retreating further from 11-month highs hit last week, weighed down by worries that new pandemic restrictions in China will curb fuel demand in the world’s biggest oil … ( read…
Pro-Beijing Hong Kong politicians to be vaccinated before city residents
Beijing politicians in Hong Kong is set to be vaccinated against Covid-19 in mainland China, ahead of the rest of the city’s population, in order to attend the Chinese Communist party’s premier … ( read…
China Sportswear Maker Peak Mulls A-Share IPO in 2022
Chinese athletic apparel producer Peak Sport Products Co. is planning an initial public offering of A-shares as soon as next year after delisting from Hong Kong’s stock exchange in 2016, according to … ( read…
Asian stocks sink after China coronavirus resurgence
Asian stock markets retreated Friday after a resurgence of coronavirus infections in China and a rise in cases in Southeast Asia. Shanghai, Hong Kong, Tokyo and … ( read original story …)
China imposes sanctions on Trump officials including Mike Pompeo
Beijing has imposed sanctions on several former Trump administration officials, including ex-US secretary of state Mike Pompeo, accusing them of having “seriously violated” China’s sovereignty. China … ( read original story …)
