Previously, these firms had a year-long approval for such imports. If these companies receive grants from the CHIPS & Science Act funds, all the restrictions regarding investments in China will apply to them. The U.S.…
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Russia ramps up China yuan payments for imports amid sanctions -EBRD
The share of Russia’s imports invoiced in Chinese yuan soared to 20 per cent in 2022 from 3 per cent a year earlier after its invasion of Ukraine unleashed a raft of sanctions that cut…
Has decoupling from China already begun?
Betting against a U.S.-China decoupling requires increasingly long-shot optimism. Looking at the relationship from the U.S. side, such optimism is hard to justify. Looking at the relationship from the Chinese side, there is only marginally…
Shanghai Aims To Become Global Blockchain Hub By 2025
Shanghai unveiled a comprehensive strategy to advance its blockchain technology capabilities through 2025. The city’s initiative encompasses a range of areas, including blockchain system security, …
SFC puts small Hong Kong crypto exchanges under glare of public scrutiny as they pursue virtual asset licences
Four exchanges are HKVAX, HKbitEX, Hong Kong BGE and Victory Fintech – all of which tout their commitment to operating in accordance with crypto regulations.
Alibaba’s Cainiao to heat up China’s logistics industry after US$1 billion IPO
The rapid growth of J&T Express, which is also seeking an IPO in Hong Kong, and Pinduoduo has affected Cainiao’s orders, according to Li Chengdong, founder of Dolphin Think Tank in Beijing. “Cainiao …
Alibaba’s Cainiao, one of founder Jack Ma’s grand projects, to heat up China’s logistics industry after US$1 billion IPO in Hong Kong, analysts say
The rapid growth of J&T Express, which is also seeking an IPO in Hong Kong, and Pinduoduo has affected Cainiao’s orders, according to Li Chengdong, founder of Dolphin Think Tank in Beijing. “Cainiao …
China’s strong metal imports not as bullish as they seem
Robust copper and aluminum imports come with important caveats and the broader metals trade picture is far more mixed
China pulls down APAC IPO activity in first eight months of 2023, reveals GlobalData
Murthy Grandhi, Company Profiles Analyst at GlobalData, comments: “The substantial decrease in IPO activity can primarily be linked to the slower-than-anticipated economic recovery in China, which …
Mitsubishi plans to end automobile production in China amid sluggish sales- report
Mitsubishi (MMTOF) has decided to stop production in China due to slow sales and the increasing demand for electric vehicles (EVs), Nikkei Asia reported on Wedn …
China vows ‘more powerful’ policy supports after August industrial profits rebound
China’s central bank pledged on Wednesday to provide “more powerful” policy support for the real economy and maintain a “healthy” property market, as the rebound of the country’s industrial profits provided further signs of economic…
AmCham report: US firms upbeat on China business prospects
American companies remain generally optimistic about business prospects in China, according to the latest 2023 China Business Report by AmCham Shanghai.
Bitcoin legally recognised in Shanghai, paves way for crypto expansion in China
Chinese courts allow Bitcoin holders to assert ownership rights and seek legal remedies for crypto related disputes despite crypto ban in China …