Faced with dwindling opportunities, from rural hometowns to major cities, some migrant workers sleep in the streets as they roll the dice on where the sluggish economic recovery will create the most …
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Jack Ma’s Firm Asked To Pay Nearly $1 Billion Fine In China
Chinese authorities imposed a fine of nearly USD 1 billion for the financial technology giant Ant Group on Friday, nearly three years after regulators blocked the company’s proposal for a …
China’s LNG Imports Soar Despite Global Price Dip
China’s imports of liquefied natural gas (LNG) hit 5-month highs in June, but weak demand, especially in Europe, kept a lid on prices. Last month, China imported 5.96 million metric tons of LNG, 28% …
China miners seek coal import curbs to ease glut
SINGAPORE: China’s coal inventories are so bloated and coal prices so depressed that some of the country’s miners have cut production and called for a halt to imports, despite a scorching heatwave …
US Treasury chief Yellen and China’s No. 2 aim for improved communication after trade disputes
U.S. Treasury Secretary Janet Yellen and Chinese Premier Li Qiang expressed hopes Friday for better communication as Yellen appealed to …
China manufacturers face slow recovery amid weak external demand | Video
As China relaxed strict zero-COVID measures and reopened its borders, authorities had hoped for a speedy economic recovery. But manufacturers are struggling with weak external demand. Olivia Siong …
Ant Group will buy back shares to ease investor pressure as China ends crackdown that derailed world’s biggest IPO
Ant said in January it had no plans for an IPO at that time. Still, the company’s Chairman Eric Jing said in 2021 that Ant would eventually go public. Ant co-founder Ma returned to China…
World Cities Branding Conference opens in China’s Macao
The first World Cities Branding Conference is initiated and organized by the Organizing Committee of the World Cities Branding Conference, and co-hosted by the World Tourism Economy Research Center.
China retaliates against US with export restrictions on strategic metals
China’s export restrictions on germanium and gallium were announced just prior to the visit of US Treasury Secretary Janet Yellen that will bring with it new US demands and threats.
Binance CEO Reveals When Next Crypto Price Bull Run Could Hit After $27 Trillion Bitcoin, Ethereum, BNB And XRP Bombshell
Changpeng “CZ” Zhao has issued a 2025 crypto bull run price prediction—dismissing the “threat” to Binance from the likes of BlackRock and other Wall Street …
These Siblings’ Wine Brand For China Also Sells Hospitality In France
On a Saturday afternoon in July I met Estelle Borgeat outside Le Sobre wine bar and restaurant in the city of Bordeaux in southeast France.
Why China Has a Giant Pile of Debt
A major lender abroad, China is facing a debt bomb at home: trillions of dollars owed by local governments, their financial affiliates, and real estate developers.
Ant’s surprise share buyback values firm at steep 75% discount to IPO
Ant Group on Saturday announced a surprise share buyback that values the fintech giant at $78.54 billion, well below the $315 billion touted in an abandoned IPO in 2020, in a move that may let…
