Western nations have announced a harsh set of sanctions to punish Russia for its invasion of Ukraine, which includes blocking some banks from the SWIFT international payments system.
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As Russia’s isolation grows, China hints at limits of friendship
Chinese state-owned financial institutions have been quietly distancing themselves from Russia’s beleaguered economy.
China EV Maker Nio to List in Hong Kong; Won’t Raise Money
Chinese electric-car maker Nio Inc. will start trading on the Hong Kong stock exchange next week, choosing a path to listing that doesn’t involve selling new shares or raising any money.Most Read from …
China insurer PICC P&C says not affected by sanctions on Russia
PICC P&C only undertook insurance business from some Chinese companies with assets in … according to a list on the website of Embassy of China in Russia. (Reporting by Zhang Yan, and Ryan Woo; …
China’s Feb factory activity likely shrank amid holidays, Olympics
China’s factory activity likely contracted in February on slower production after the Lunar New Year holiday and Winter Olympics, with Beijing expected to unveil more stimulus measures at a …
Cambodia exports 400,000 tonnes of cassava to South-west China
Cambodia will export 400,000 tonnes of dried cassava to the Guangxi Zhuang Autonomous Region “from March 2022 to March 2023”, under a new agreement between the Ministry of Commerce and the …
US sanctions on Russia serve China a sharp reminder of need for its own chips
The sweeping restrictions imposed on Russia to block its access to global exports of goods from chips to computers and electronics are likely to accelerate China’s own push for self-reliance in the …
China will be big loser in Russian invasion of Ukraine
China will be one of the biggest losers in President Vladimir Putin’s invasion of Ukraine. It is the country’s largest trading partner and its companies invested a record US$6.64 billion there in …
The U.S. Must Support Ukraine, But China Must Be Our Priority
Even as the U.S. increases support for Ukraine to stop Putin, it’s primary focus must remain on the threat of China …
China boosts oil reserves, ignoring U.S. push for global release
China has ramped up purchases into its oil reserves this year even as oil prices soared, despite calls from Washington for a global coordinated stocks release to help cool the market, industry data …
Major global chipmakers stop exporting to Russia
The US President’s economic sanctions against Russia include cutting off more than half of Russia’s high-tech product imports. The purpose is to prevent the supply …
China makes crypto fundraising illegal amidst market uncertainities
China has already banned crypto mining and trading in 2021 and now its supreme court makes crypto fundraising illegal.
Just how extreme is China’s lead in the container port business?
China is the world’s largest exporter of containerized goods, produces eight of every 10 new containers, is the leading builder of container ships and operates the fourth-largest liner company. It …
