Some employees at TikTok-owner ByteDance were shocked to find their August paychecks slashed 17% after the company ended its policy of requiring its China-based staff to work a six-day week every …
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China’s SMIC to invest $8.87 bln for new chip plant in Shanghai
China’s Semiconductor Manufacturing International Corp (0981.HK) will invest $8.87 billion to build a chip plant in Shanghai, it said on Friday, expanding capacity amid a global chip shortage as …
China’s ‘baseless’ challenge to US solar panel tariffs rejected by WTO
Then-president Donald Trump announced four years of import caps and tariffs on solar panels in January 2018, but China did not establish the safeguards were inconsistent with World Trade Organization …
China will create a stock exchange in Beijing
China will set up a new stock exchange in Beijing, giving the nation’s capital and political center more influence in the world of business and finance. President Xi Jinping announced the …
Nepali handicraftsmen look forward to expanding export to China in post-pandemic era
Rajesh Shakya, a Nepali handicraft trader, has seen a significant drop in handicraft export to China due to the COVID-19 pandemic, while the northern neighbor remains the top export destination for …
HSBC’s CEO Has His Eye on China Wealth Beyond Xi’s Crackdown
As part of the latest push into Asia, the bank is plowing billions of dollars into wealth services in China. HSBC has hired 600 wealth managers …
US and China are now battling for control of the world’s big-data monsters and dragons – and it’s not about money
As the tech war between the United States and China heats up, the political controversy between who ought to own and control ‘big data’ has similarly ignited, and is now about to land a bombshell…
Evergrande: China’s fragile housing giant
Chinese housing giant Evergrande is one of the country’s largest and most indebted private conglomerates, teetering on the brink of bankruptcy after years of rapid growth and a buying spree. Crippled …
China and WTO can help level playing field in services trade sector
The “Made in China” tag is now a worldwide phenomenon. Chinese products have improved the welfare of millions of people through affordable consumer and industrial high-tech products.
Why China’s slowing growth need not worry emerging Asia
Investors’ perception of the greatest tail risk from China has shifted notably in recent months. Earlier in the year, overtightening of macro policies in China was viewed as a key risk to the global …
China’s service sector shrinks, as markets await US payroll report – business live
China’s service sector has tumbled into contraction, as the pandemic hits activity and demand. The Caixin/Markit services Purchasing Managers’ Index (PMI) plunged to 46.7 in A …
China’s new stock exchange plans fuel fears of a bourse war
The bank added that the implementation of a registration-based IPO mechanism on the Beijing exchange paves the way for the rollout of the listing system on China’s main boards. Currently …
China’s Zhenhua Oil seeks tie-up with local firm for first gas terminal – sources
China’s Zhenhua Oil is in advanced discussions to join a provincial government-backed firm to build a natural gas receiving terminal in east China, the first import facility the state-run trader will …
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