Western sanctions over Vladimir Putin’s invasion of Ukraine will increase Russia’s already significant economic reliance on China.Why it matters: Moscow could blunt the impact of sanctions by …
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The Big Read – SAIC (5/6) – Volkswagen, also China’s people’s car
The name Volkswagen literally means a “car for the people” and the brand achieved this successfully in the West with the Beetle and later the Golf/Rabbit. In China Volkswagen enjoys a similar status, …
China’s opening-up and improved business environment offer new opportunities for US companies following Nixon’s historic visit
In 1972, the then US President Richard Nixon made a historic visit to China which opened opportunity for US businesses to enter the country. Looking back at the 50 years’ of operating in China, many…
Hong Kong Tycoon’s FWD Is Said to Near Filing for $1 Billion IPO
FWD Group Holdings Ltd., the Asian insurer backed by Hong Kong billionaire Richard Li, is close to filing an application for an initial public offering in the city this year, according to people …
Richard Li’s FWD could file for US$1 billion Hong Kong IPO as early as Monday
FWD Group Holdings, the Asian insurer backed by Hong Kong billionaire Richard Li Tzar-kai, is close to filing an application for an IPO in the city this year, according to people familiar with the …
As Russia invaded the Ukraine, bitcoin plunged — here’s what Sam Bankman-Fried, Michael Saylor and other top voices in crypto had to say about it
“Wars create inflation, cripple commerce, and make bitcoin compelling,” MicroStrategy CEO Michael Saylor said.
China’s ‘common prosperity’ push, consumer nationalism stir new challenges for global brands
Campaign to reduce wealth gap presents new marketing challenges for global brands, though most are positive about expanded middle class International brands also have to contend with rising …
Raising Funds Via Crypto? Get 10 Years Prison, Penalty In This Country
This adds to already tightened regulations targeting financial scams in the country which has gained notoriety for its crackdown on crypto over the years. While anti-crypto efforts have been ongoing …
China so far not helping Russia evade Western sanctions-US official
China so far does not appear to be helping Russia evade Western financial sanctions on Moscow over its invasion of Ukraine, but doing so would “do profound damage” to China’s reputation, a senior …
China’s failure to keep trade deal no surprise
In the January 2020 U.S.-China trade agreement, which was spearheaded by the Trump Administration, China agreed to purchase an additional $200 billion of U.S.-made products and services, using 2017 as …
China’s bitcoin ban makes cryptocurrency even worse for the environment
A study published today in the journal Joule says the shift was an unintended consequence of China’s decision in August 2021 to ban Bitcoin mining. “There was a lot of optimism that China banning …
Global metaverse hype hits China
Tech companies are rolling out wildly popular digital worlds, virtual idols and real estate built on blockchain technology. . Read more at straitstimes.com.
Digital properties cash in on metaverse wave in China
BEIJING – Investors are snapping up digital property in China which typically are non-fungible tokens (NFTs) in games. . Read more at straitstimes.com.
