Commerzbank is reportedly the first German bank to complete a blockchain-based Letter of Credit (LC) transaction for its client, Ascentex Exim.
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Here’s why China loves foldable smartphones
Foldable smartphones have been captivating the market since 2019, consistently experiencing remarkable growth year after year. Today, nearly all major smartphone OEMs have foldables in their lineup.
Exclusive: Beijing pushes for toning down of China risks in IPO prospectuses
Beijing has asked law firms to tone down the language used to describe China-related business risks in Chinese companies’ offshore listing documents, warning failure to do so could cost them …
What are global companies saying about China’s economy?
(Reuters) -Major global firms ranging from banks to chipmakers are taking a largely cautious stance on their China business amid a frail recovery at the world’s second-largest economy from a pandemic slowdown. Following are comments…
China prepares to unveil world’s largest trade fair as Beijing seeks to mend ties with economic partners
Record number of Fortune 500 participants expected at this year’s show, to be held between November 5 and 10, as entries exceed last year’s 284 companies Food and clothing products are seen drawing in many…
US Senate Wants Firms to Report Crypto Investments in Chinese Technologies
The latest legislation requiring US-based companies to report any outgoing crypto investments into Chinese tech products.
Volkswagen takes steps to boost its China business as first-half earnings fall by 20%
Volkswagen has seen after-tax earnings fall by 20% in the first half of the year from the same period last year
VW Buys 5% Stake In Xpeng, Will Jointly Develop EVs For China
Volkswagen’s stake in Xpeng is still subject to customary closing conditions, including applicable regulatory approvals, but should it go ahead, it will also give the German automaker a seat as an …
The CIA threat to China is real, so why is it being dismissed
The US has admitted it is restoring its spy network in Beijing but any efforts against it will likely be dubbed paranoia Recently CIA …
South Korea Export Downturn Seen Worsening on Weak China Demand: Reuters Poll
SEOUL (Reuters) – South Korea’s export decline likely accelerated in July amid persistently weak demand from China, a Reuters survey showed on Thursday, signalling a bumpy road towards recovery.
China widens scope of tight import controls on Japanese food, Jiji reports
Hong Kong has strengthened inspections of vegetable imports from Japan, expanding the scope of tightened controls beyond seafood after Tokyo confirmed plans to release treated radioactive water from …
US-China tech war: Washington seeking narrow curbs on chokepoint technologies, commerce chief Gina Raimondo says
Washington is seeking “narrow” curbs on sales of advanced technology to China, with a focus on “chokepoints” that the Chinese military could use, US Secretary of Commerce Gina Raimondo said on …
How European investors protect themselves amid falling confidence in China
Those still invested in China are considering reducing their risk by hiving off their Chinese operations to a separate corporate entity. Read more at straitstimes.com.
