Spot trading of the yuan-ruble pair in China climbed to a six-month high in June as foreign-currency transactions picked up and the nation boosted shipments to Russia after Covid curbs eased.
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Global Times: Voyage to success: CPC’s role in leading China’s way
What role has the Party played in China’s development? Why has it been able to lead China to such great success? And what are the advantages of China’s governance model? The Global Times collected …
MY EG’S Zetrix partners Xinhuo BIF to introduce blockchain-based services to international markets
KUALA LUMPUR: My E.G. Services Bhd ’s (MYEG) blockchain platform, Zetrix and China’s Xinghuo Blockchain Infrastructure and Facility (Xinghuo BIF) have jointly introduced blockchain-based services that …
Nano Labs Ltd. (NA) Plans to Raise $37 Million in July 5th IPO
Nano Labs Ltd. (NA) is planning to raise $37 million in an initial public offering on Tuesday, July 5th, IPO Scoop reports. The company will issue 3,500,000 shares at $9.50-$11.50 per share. In the …
China’s Russian oil imports spike as US crude exports set for record
Shipowners’ organisation Bimco has revealed China’s seaborne imports of Russian crude jumped 51.4% in May, lifting the country’s overall total to 42.6m tonnes last month. Th …
New plans unveiled to legally import unapproved lifesaving drugs
China has formulated a plan to facilitate the import of Clobazam, an unapproved epilepsy drug, to address acute medical demand, the National Health Commission said on Wednesday. Along with the …
Asia’s factories week despite China bounce, feeds global recession fears
Asia’s manufacturing activity stalled in June as many companies were hit by supply disruptions caused by China’s strict Covid-19 lockdowns, while sharp economic slowdown risks in Europe and the US …
Nano Labs Ltd. Plans $37 Million IPO for July 5th (NA)
Nano Labs Ltd. (NA) is planning to raise $37 million in an IPO on Tuesday, July 5th, IPO Scoop reports. The company plans to issue 3,500,000 shares at a price of $9.50-$11.50 per share. In…
Japan’s business mood worsens on hit from China’s lockdown, rising costs
The mood among Japan’s big manufacturers’ soured for a second straight quarter in the three months to June, a central bank survey showed on Friday.
China’s June factory activity expands for the first time since Feb as recovery accelerates
China’s factory and service activities bounced back in June for the first time since February, in the latest sign of accelerating recovery of the Chinese economy, as the impact of the COVID-19 …
China’s Proportion of Korean Exports Declines
The proportion of Korea’s exports that is sold to China has been shrinking since 2018, which is good news for those who worry that the country is becoming too dependent on its giant neighbor. The…
Xinghuo BIF and Zetrix Jointly Introduce Web3 Services: Blockchain Identity/Verifiable Credentials and Contract Signing
Xinghuo Blockchain Infrastructure and Facility (Xinghuo BIF) and Zetrix have jointly announced the introduction of Blockchain-based Identifiers (BID) / Verifiable Credentials (VC) and Blockchain-based …
Global economy: Asia’s factories feeble despite China bounce, feeds global recession fears
Asia’s manufacturing activity stalled in June as many companies were hit by supply disruptions caused by China’s strict COVID-19 lockdowns, while sharp economic slowdown risks in Europe and the United …
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