The People’s Bank of China, the country’s central bank, has announced that all transactions of crypto-currencies are illegal, effectively banning digital coins.
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Economic Watch: Pressure and perseverance: China’s economy maintains resilience
The Chinese economy is facing multiple challenges including high commodity prices and sporadic COVID-19 cases, with the latest data pointing to slowing consumption growth and contracting factory …
Cambodia’s milled rice export to China up 18 pct in 9 months of 2021: minister
Cambodia exported 203,279 tons of milled rice to China in the first nine months of 2021, up 18 percent over the same period last year, Agriculture Minister Veng Sakhon said on Friday. China is the…
Taiwan To Lodge Complaint With WTO Against China’s Suspension Of Fruit Imports
Taiwan has decided to lodge a formal complaint with the World Trade Organization (WTO) against China over the suspension of imports of the island’s fruits.
China’s crypto ban aims to eliminate competition with digital yuan: Expert
Digital yuan and currency control to give Beijing total vision over population’s financial transactions, says David Lesperance …
Weekly Report: Alibaba and Bitmain lead exit from China
A recent report from Chainalysis ranked Europe as the region with the biggest crypto economy attributing the position to DeFi …
China’s power consumption reflects the role of US shoppers too
The power cuts, which intensified this week, are expected to ripple through an already-strained global supply chain. As analysts weigh the impact of the power crisis beyond China, …
How China has turned museum relics into big business
The artefacts of the distant past have provided inspiration for an extraordinary range of brand collaborations with Chinese museums. China’s Gen Z loves them.
Biggest IPO boom in decades gives huge boost to Wall Street
A resilient stock market, fueled by central bank and government stimulus, is pushing a record number of companies to raise money by offering shares on public markets. That’s been a huge boon for …
China’s energy crunch could export inflation around the globe
As China suffers an energy crisis too, the odds of stagflation – slowing growth but rising prices – increase. John Stepek explains why and what that might mean for your portfolio.
S. Korea’s exports in September set the highest at USD 55.83 billion
South Koreas exports in September set a record high with solid performance of main export products such as semiconductors and petrochemicals.
Hardwood Flooring Imports from China Tapered Off in July
The hot streak of U.S. imports of hardwood flooring ended in July, reports the Decorative Hardwoods Association. “Imports from China and Brazil fell 18% in July as imports dropped from yearly highs in …
Luxury Brands Flock to Shanghai’s New Luxury Shopping Complex
30, boasting around 120,000 square meters of mixed-use space and boutiques from brands owned by LVMH, Kering and Hermès. Several brands have opened flagships and concept stores in the new development, …
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