If we are too broad in our policies we can lose the benefits that come from having globally integrated technology systems,’ US Treasury secretary tells lawmakers.
Tagged By business
European Companies Plan to Invest More in China After the Pandemic
Nearly 60% of European companies plan to expand their China operations in 2021, up from 51% last year, according to an annual survey.
China’s Central Bank Braces for Weaker Yuan as Fed Plans Taper
Having sought to curb the yuan’s recent rapid advances, the People’s Bank of China is now dealing with a currency sliding on the prospect of over higher U.S. rates.
China, E-commerce Bolster Luxury Fur Sales in COVID-19 Year, Report Says
The global retail fur trade is worth $20.1 billion according to a new study commissioned by the International Fur Federation to be released on June 17.
BizBeat Ep.154: Chinese imports substantially helped U.S. farmers
Former U.S. President Donald Trump’s trade tariffs against China have left American farmers dependent on government handouts. But now, rising U.S. exports to China and surging global food prices are …
Pantera CEO: Crypto market ‘panic’ is subsiding, now’s the time to buy
The Pantera boss cited three primary reasons why crypto markets dumped a trillion dollars in market cap. The chief executive of Pantera Capital, Dan Morehead, is confident that the big crypto selloff …
China’s ride-hailing giant Didi Chuxing sets the stage for a mega US IPO
China’s largest ride-hailing firm, Didi Chuxing, last week made public the filing for its long-anticipated US stock market listing …
Exclusive: China’s IPO-bound Didi probed for antitrust violations – sources
In its IPO prospectus made public last week … The company now employs about 13 million annual active drivers in China, according to its prospectus. In recent months China has sought to curb the …
Chinese Trucking Startup Seeks $1.6 Billion in US IPO
Full Truck Alliance Co., an Uber-like trucking startup, is looking to raise as much as $1.57 billion in an initial public offering, which would make it one of the biggest U.S. listings by a Chinese…
Ask PolitiFact: What is China’s Belt and Road Initiative, and why is Joe Biden concerned?
China has been pursuing a “Belt and Road Initiative” to leverage its industrial capacity to help developing countries build out their physical and digital infrastructure. • Many nations in the West …
‘We’re not old friends’: Biden says his relationship with China’s Xi is ‘pure business’
President Joe Biden rejected the idea Wednesday that he and Chinese President Xi Jinping are “old friends,” instead claiming their relationship is “just pure business.” …
Some Of The Bitcoins Mining Regions Of China Set For Penalties Due To Continuing Crypto Activities Even After Action
China has again taken action to try to wipe out the use of cryptocurrencies like bitcoins from their region. This time they have taken the step of banning …
Crypto exchange Huobi has reportedly stopped letting new users trade derivatives
Huobi has dropped the maximum allowable trading leverage from 125x to less than 5x for existing exchange users, and not allowed new users based in China to engage in derivative trading.
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