Car sales in China rose for the first time in almost a year last month, evidence that the world’s largest auto market is rebounding from the coronavirus crisis and the trade war with the U.S.…
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The UK steps up its fight with China by preparing tough new laws to prevent ‘hostile’ takeovers of British firms
New laws could make it compulsory for British firms to report attempted takeovers that could create risks to national security. ( read original story …)
China’s Monthly Car Sales Rise for First Time in Almost a Year
Car sales in China rose for the first time in almost a year last month, evidence that the world’s largest auto market is rebounding from the coronavirus crisis and the trade war with the U.S.Retail…
Deng Xiaoping believed Beijing could step in if ‘destructive forces’ threatened Hong Kong: top official
Beijing’s plan to impose a national security law on Hong Kong is in line with late leader Deng Xiaoping’s belief that the “one country, two systems” principle allowed for the central government to … (…
China slams U.S. senator for remarks on coronavirus vaccine
China is demanding evidence it is interfering in the global development of a novel coronavirus vaccine, following comments from U.S. Senator Rick Scott of Florida. ( read original story …)
Chinese tech giant Tencent forms alliance to promote blockchain development
Chinese tech giant Tencent’s cloud service, Tencent Cloud, has launched an alliance to promote the development and application of the blockchain industry.The post Chinese tech giant Tencent forms … ( read original story …)
HK residents rush for offshore bank accounts on China law worries: sources
Banks including HSBC, Standard Chartered and Citigroup have seen a spike in enquiries from Hong Kong residents about opening offshore accounts amid concerns stemming from China’s decision to impose a … ( read original story…
Munich Re’s Ergo to take stake in China’s Taishan insurance
Munich Re’s MUVGn.DE Ergo unit is entering China’s property and casualty insurance market with a 24.9% stake in Taishan Property & Casualty Insurance Co … ( read original story …)
China Could Force Donald Trump And The Fed To Destroy The U.S. Banking System
The Federal Reserve has warned central bank digital currencies might one day replace commercial banks, creating “a deposit monopolist” and playing “havoc” with the … ( read original story …)
China stocks gain as dismal trade data fuels stimulus hopes
China stocks ended higher on Monday as poor domestic trade data reinforced hopes for further policy stimulus to shore up the coronavirus-stricken economy. ( read original story …)
Ericsson to Take $109 Million Hit as China Assets Written Down
Ericsson AB will need to write down assets related to its business in China, resulting in a 1 billion krona ($109 million) hit to the Swedish telecoms giant. ( read original story …)
The supply chain shift out of China has further to go: Investor
Marc Dragon of Reefknot Investments discusses the challenges to global supply chains posed by Covid-19 and U.S.-China trade tensions, and the ongoing reshoring of operations away from China. He says … ( read original story…
Ericsson flags margin headwind over China 5G contracts, takes $108 million charge
Ericsson’s second-quarter results will take a hit of about 1 billion crowns ($108.8 million) due to write-downs of product inventory in the Chinese market, the Swedish company said on Monday. The … ( read original…
