Yet that investment will do little to help Suning pay its 16 billion yuan debt that is due within a year, not to mention the more than 200 billion yuan of total debt the company…
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China, Russia vulnerable to dollar risks as sanctions from West multiply
Russian Foreign Minister Sergei Lavrov began a visit to China this week with a call for Moscow and Beijing to reduce their dependence on the dollar and Western payment systems, and push back against ……
Garneau warns the world: doing business with China comes with risk of arbitrary arrests
Foreign Affairs Minister Marc Garneau is warning countries around the world that doing business with China means facing the risk of seeing citizens detained arbitrarily. “My advice to all other … ( read original story…
China Mobile launches CMLink Italy MVNO on WindTre network
China Mobile International, a wholly owned subsidiary of China Mobile, has officially launched a new MVNO on the Italian market, offering three plans mainly aimed at the Chinese community. The MVNO is … ( read…
China Telecom tops mobile customer adds in February, China Mobile sheds 3.6 mln users
China Telecom added the most new mobile subscribers in China in February this year, growing by around 1.78 million to a total of 352.80 million. Market leader China Mobile lost more than 3.69 million ……
China’s Geely challenges Tesla with launch of premium electric car brand
Chinese carmaker Geely Auto has launched a premium electric vehicle brand as it seeks to better compete with market leader Tesla on its home turf and recover from a hit to its sales and profits…
American Rescue Plan: China faces foreign outflows threat, with instability fuelled by US $1.9 trillion coronavirus relief
Potential for a reversal in capital inflows and a possible wave of bond defaults are two of the biggest risks facing China’s economy this year, said former central bank adviser Li Daokui, who cited ……
As Evidence of Human Rights Abuses Against Uyghurs in China Mounts, Brands Are Still Silent
Few companies are willing to speak about human rights violations against the mostly Muslim Uyghurs in China, even as such abuses, including torture, mount. ( read original story …)
European lockdown worries and rising China-west tensions weigh on markets – business live
Rising tensions between China and Western countries are also weighing on the markets today. L Britain, the EU, the US and Canada imposed parallel sanctions on senior Chin … ( read original story …)
China’s state-owned assets supervisor demands risk control of offshore capital
China’s State-owned Assets Supervision and Administration Commission of the State Council (SASAC) asked centrally administered state-owned enterprises (SOEs) to effectively control the risks of … ( read original story …)
China to ban apps from collecting excessive user data starting May
Starting May 1, apps in China can no longer force users into providing excessive personal data, according to a document jointly released by a group of the country’s top regulators, the Cyberspace … ( read…
Ex-PBOC Adviser Sees Risk of China Outflows Along With Other EMs
China faces the threat of foreign outflows from the second half of the year as rising borrowing costs in the U.S. drives investors out of emerging markets, according to a former adviser to China’s ……
Who manages China’s social media stars? Examining the companies in charge of KOLs
A Chinese-speaking laowai KOL (he is from Britain) himself, who made around five brand endorsement videos a month at the peak of his fame in 2017, August says Outlandish has expertise in nurturing … (…
