The consistent rise in international status and influence of the Chinese currency renminbi (RMB), or the yuan, reflects China’s robust economic growth, high-level financial openness and the financial …
Tagged By business
European firms confident in Chinese market as China, EU deepen cooperation
… released by the German Chamber of Commerce in China and KPMG showed that nearly 60% of German companies in China reported improved business operations last year and 71% planned further investment …
China’s Sichuan province launches NFT marketplace
The cultural and tourism authority in Southwest China’s Sichuan province built a non-fungible token (NFT) trading platform to “encourage the music industry to actively adopt modern technology.” See …
Connect Network Launches Its Layer 2 Scaling Platform, an EVM Blockchain With High Throughput and Extremely Low Transaction Fees
Connect Network Blockchain is a new revolutionary layer 2 scaling platform that will provide high throughput and extremely low transaction fees on its network. Connect Network Blockchain is an EVM …
China seizes over 3,500 Bitcoin mining rigs, hikes electricity rates
The provinces of Guangdong, Heilongjiang, and Shanxi announced Bitcoin mining equipment seizures and other measures to phase out operations that have survived waves of crackdowns that followed the …
Here are the 12 most powerful people in China you’ve probably never heard of
In the chess game of Chinese politics, it’s not always clear who pulls the strings — who’s in, and who’s out. Here are the 12 most powerful people in China you’ve never heard of who…
Tencent-backed Zhihu, a Quora-like Chinese platform, seeks Hong Kong listing in US$172 million IPO
Early investors in Tencent-backed Zhihu, such as venture funds managed by Kai-fu Lee and Qiming Ventures, are selling down their shares in the Hong Kong stock offering.
Tesla China Exports Slump to Just 60 Cars on Strong Local Demand
Tesla Inc. exported just 60 cars produced at its Shanghai factory in March, a record low as strong domestic demand sucked up most of the output, according to China Passenger Car Association data …
Tesla China Exports Slump as Local Demand Sucks Up Shipments
Tesla Inc. exported just 60 cars produced at its Shanghai factory in March, a record low as strong domestic demand sucked up most of the output.
Why is China’s tech crackdown widening on Tencent?
China’s Tencent decided to shut down its video game streaming platform Penguin Esports, citing a change in business strategy.
China Inflation Beats Expectations on Oil, Covid Disruptions
China’s factory gate prices rose more than expected in March as oil prices climbed, putting pressure on manufacturers that are already struggling to operate amid repeated Covid outbreaks. Most Read …
Amid economic crisis, Turkey-China ties become one-way street
The ties between Turkey and China have almost become a one-way street as the financial situation of Ankara and Beijing is weakening and both the countries are l …
Bitcoin Declines as ‘Sugar Rush’ From Miami Crypto Event Fades
Bitcoin briefly dropped below its 50-day moving average, sliding back further into the range in which it has traded this year. Most Read from BloombergUkraine Update: Zelenskiy Says He Expects New War …
