China is seeking to win a first-mover advantage in its efforts to develop a digital version of its currency, Japan’s top financial diplomat said on Thursday. The People’s Bank of China is one of ……
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Flood destruction in China cost $32B, authorities say
More than 70 million people were directly affected by flooding in China this summer, and damages amount to more than $32 billion, Chinese authorities say. ( read original story …)
South China Sea: Malaysia to stick with ‘quiet diplomacy’ towards Beijing in dispute, analysts say
Malaysia is likely to maintain its “quiet diplomacy” in dealing with China’s sweeping maritime claims instead of heeding calls to be more aggressive, with Kuala Lumpur wary of Beijing’s tendency to … ( read original…
Luxury Brands Got Creative This Season. Will It Pay Off in China?
The pandemic forced brands to experiment at fashion weeks in Paris, London, Milan and New York. What worked for Chinese consumers and which brands scored highest in the world’s largest luxury market? ( read original…
The U.S. Used to Write the Rules—Now China Does
China is quietly stepping into the vacuum. B ack in May, when President Donald Trump called for America to stop funding the World Health Organization, he presented a list of the WHO’s recent failures: ……
China Inc. Set for Biggest U.S. IPO Year Since 2014 Despite Spat
Chinese companies are choosing to make their market debuts in the U.S., even as Beijing and Washington spar over everything from trade and coronavirus to audit access. ( read original story …)
Lease F-35s to Taiwan to Counter China’s Threats | Opinion
The first issue can be addressed by training Taiwan’s pilots in the U.S. and having F-35s on standby that can be transferred to Taiwan if an emergency requires them. The second is a political problem,…
UK report accuses Huawei of collusion with China
Lawmakers in the UK have urged the country to speed up the removal of Huawei’s equipment from its 5G mobile infrastructure. The UK’s Defence Committee has published a lengthy report, urging the … ( read…
Beijing is planning to host another Olympics. Clashes over human rights are back, too.
Beijing is now deep in planning to reprise its Olympic host role Games. And again, it’s facing a chorus of condemnation over its mass indoctrination and labor program for ethnic Uighurs in Xinjiang … (…
China’s Lufax files for US IPO against backdrop of rising tensions
Lufax, one of China’s biggest online lending platforms, has announced plans for a US initial public offering even as the Trump administration pushes ahead with plans to delist companies from the … ( read original…
Thai IPO set to raise $1.5bn as investors look past unrest
Siam Cement Group’s packaging unit is set to raise nearly $1.5bn in an initial public offering, signalling investor confidence in one of Thailand’s industrial champions despite economic woes and … ( read original story …)
Chinese Fintech Company Lufax Plans U.S. IPO
Lufax is planning an initial public offering in the U.S., even as some other Chinese companies are opting to sell stock closer to home. ( read original story …)
U.S.-China relations will ‘reset’ if Biden wins the election, says former American ambassador to Beijing
Democratic nominee Joe Biden would deal with Beijing in a “much more traditional” way if he wins the election, said Max Baucus, a former U.S. ambassador to China. ( read original story …)
