BEIJING: Economic experts and business leaders showed optimism on China’s economic growth outlook in 2023 at the just-concluded China Development Forum or CDF 2023, saying that China is a major driver of the global economy…
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How China Became a Global Lender of Last Resort
Previously, China has also called on the World Bank and IMF to offer debt relief, facing criticism for holding up the process. “Beijing is ultimately trying to rescue its own banks. That’s why it has…
Chinese food producer YangGuFang stock slides 11% following downsized IPO
EF Hutton is serving as sole bookrunner. In January, YanGuFang cut the size of its IPO by 37% to $19M. The company originally filed in September to raise around $30M. China’s YanGuFang Raises $8M …
Chinese Tech Giant Alibaba Breaks Up As Founder Jack Ma Returns to China
A few months later, Alibaba was hit with a $2.6 billion fine for violating antitrust laws. The fine is the largest ever imposed on a business in China. Ma was reportedly living in Europe and…
SBF paid $40M bribe to unfreeze crypto trading accounts in China, US charges
Including the new charge, Bankman-Fried now faces 13 criminal counts. In early 2021, Chinese law enforcement officials froze certain Alameda accounts on two of China’s largest cryptocurrency exchanges …
Syngenta IPO delay rekindles past China fears
The Swiss-turned-Chinese agrichemicals and seeds giant has been waiting since mid-2021 for regulators to clear its mammoth $9 billion initial public offering (IPO) on Shanghai’s Nasdaq-like Science …
Congress zeros in on China’s economic coercion
“We know China uses these tools, so we should be prepared to use counter tools.” Details: Bera gave several examples from recent years of Beijing’s use of import restrictions, informal sanctions and …
Disgraced Crypto Giant Sam Bankman-Fried Accused of Bribing Chinese Officials
Law enforcement in China froze the accounts as part of an investigation. Tuesday’s indictment was the third for Bankman-Fried since the collapse of the crypto exchange. The Wall Street Journal report …
Bankman-Fried charged with paying $40M bribe to China to unfreeze crypto
The indictment said Chinese law enforcement authorities in early 2021 froze certain Alameda cryptocurrency trading accounts on two of China’s largest cryptocurrency exchanges. The accounts, it said, …
Tech giants caught between escalating U.S.-China tensions
Apple CEO Tim Cook for the first time since the pandemic traveled to China this weekend, where he touted the company’s strong relationship with the country at a business conference organized by the …
Chip equipment exports to China tumble as U.S. pushes decoupling
TOKYO — Exports of semiconductor-manufacturing equipment from the U.S. and Japan to China fell for the first time in three years in 2022 as Washington stepped up its trade restrictions on advanced …
MNCs View China International Import Expo as Launch Pad into Chinese Market
SHANGHAI, March 28, 2023 /PRNewswire/ — CIIE, as the world’s first national-level import-themed trade expo launched in 2018 … at the expo for long-term business relations with China. The fifth CIIE …
China’s Alibaba to break up business empire into six units, IPOs expected
“It releases additional value,” said Kenny Ng, a strategist at China Everbright Securities in Hong Kong. “With this expectation, investors will be more positive on Alibaba. It may reflect a new round …
