As U.S.-backed stablecoins gain traction, they threaten to bypass China’s financial controls. The Chinese government is poised to counter with its own tightly regulated digital money.
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Singapore’s fashion giant Shein to move headquarters back to China
Fast-fashion retailer Shein Group has considered relocating its headquarters back to China in an effort to gain Beijing authorities’ approval for its planned Hong Kong IPO.
Boeing eyes sale of up to 500 planes to China: report
Boeing negotiates major aircraft sale to China amid leadership changes, with the deal representing China’s first major Boeing purchase since Trump’s previous presidency.
China suspends Argentine poultry imports five months after ban lifted
China has suspended imports for Argentine poultry products from August 20, just five months after lifting a two-year ban. The notice of suspension, which was posted on a customs website, did not state …
Kuaishou to pay first dividend since Hong Kong IPO as AI tools lift quarterly results
The Beijing-based company said it would pay a special dividend of HK$0.46 per share after reporting better-than-expected financial results in the second quarter, driven by gains made from its …
India to ease China business visa process: Top executives’ applications from Vivo, Xiaomi and more likely to be approved; move amid improving ties
India is poised to ease visa restrictions for Chinese business professionals after a five-year hiatus, signaling improved bilateral relations. This move will allow executives from major companies like Xiaomi and Byd to enter India more…
Alibaba to spin off its Banma autonomous driving business via an IPO on Hong Kong exchange
Alibaba Group Holding plans to spin off its Banma Network Technology unit through an initial public offering (IPO), as one of China’s largest technology behemoths moves ahead with a separate listing …
Unraveling the Reasons Why Smart Brands Keep Choosing China: Advantages of Apparel Production That Still Persists
Many fashion labels are talking about moving their production to another country. You will mostly hear about the stories of supply chain diversification. Yet, t …
China’s Fuel Oil Imports Jump to 7-Month High
China’s fuel oil imports surged in July to the highest level in seven months as falling refining margins and new tax rebates in Shandong boosted demand among independent refiners.
Is China eyeing a yuan stablecoin? Beijing weighs next move in its dollar challenge
Talk of a State Council plan on yuan internationalisation fuels speculation, as Hong Kong rolls out stablecoin rules and the U.S. pushes ahead with crypto laws.
China is expanding into digital currencies, hoping to promote use of its ‘people’s money’
China has also been promoting use of e-CNY in Africa, as it expands business dealings on the continent. But e-CNY are not stablecoins. Experts say regulations are needed to safely manage use of …
China is said to weigh yuan-backed stablecoins to boost global currency usage
China is reportedly considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, in a major reversal of its stance towards digital …
China’s Changing Tastes Buffet Western Brands As Ant Group Faces Old Headwinds
For those who have watched China’s economic landscape evolve over the past four decades, recent events feel like the turning of a page. The initial fervor for Western novelty is giving way to a more…
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