China’s proportion of global Bitcoin production power dropped drastically even before its government’s recent crackdown on crypto mining.
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Bitcoin miners flocked to US ahead of Chinese crypto crackdown
Bitcoin miners have been flocking to the US and Kazakhstan as China’s government prepared to crack down on the currency, new data shows. America’s share of worldwide Bitcoin mining rose from 4.1pc in …
China’s Bitcoin Mining Share Was in Decline Even Before Crackdown
University of Cambridge data show China’s share of the bitcoin mining industry was in steady decline even before the country’s crackdown in May. According to the Cambridge Centre for Alternative …
China, the boycott leaves its mark on brands’ accounts
And this is why boycott campaigns have started against Nike and H&M, as we said at the beginning, but also against Adidas and Burberry. The results speak out. In the last fiscal year, Nike’s sales…
China says US measures on Xinjiang threaten global trade
China’s government has rejected U.S. accusations of forced labor in Xinjiang and accused Washington of hurting global trade …
China’s property construction and export sector likely to weaken into the year-end, says HSBC
Frederic Neumann of HSBC says China’s property construction, which has been the main pillar of the country’s economic recovery in the past year, is starting to pull back.
Li Ning Leads the Charge of Chinese Luxury Brands
While it’s not fully luxury, China’s Li-Ning became the first Chinese brand to enter the Jing Daily KraneShares China Global Luxury Index top 10.
Jianzhi Education tests regulatory waters with first US IPO bid by Chinese online firm after Didi crackdown
Chinese online firm Jianzhi Education is seeking to raise up to US$50 million through a US stock offering, after four unsuccessful bids to list in Hong Kong.
Chinese tech giants look to make business changes in a bid to preempt regulators
Chinese regulators have introduced new rules in areas from anti-monopoly to data security. Big tech firms are looking to get ahead of the rules.
COLUMN-Masked by rising fuel exports, China’s falling oil needs send bearish signal: Russell
China imports of crude oil were soft in the first half of the year, but exports of refined fuels were strong and on track to reach a record high in 2021, underscoring the impact of…
US Senate Passes Bill to Ban All Products from China’s Xinjiang
The U.S. Senate passed legislation on Wednesday to ban the import of products from China’s Xinjiang region, the latest effort in Washington to punish Beijing for what U.S. officials say is an ongoing …
Hong Kong’s Booming IPO Market Set for Lift From China Curbs
The tailwinds lifting the Hong Kong bourse’s prospects are blowing from east and west: China is applying heavy scrutiny on overseas listings as well as its homegrown exchanges, sending companies to …
Asian shares advance as China data better than feared
Asian shares advanced on Thursday as economic data from China was largely more resilient than expected, and as U.S. Federal Reserve Chair Jerome Powell said tapering of its massive stimulus was still …
