Ant Group is demanding a larger slice of lucrative commissions from its popular payments platform at the expense of local banks as China’s largest fintech tries to offset losses from a government … ( read…
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For Canadians, Two Michaels’ Ordeal Exposed ‘Dark Side of China’
“China is our second [largest] trade partner, but in terms of our exports, we export just about over 4% of our total exports to China,” he said. FILE – Huawei Technologies Chief Financial Officer Meng…
A $60 Billion U.S. Stimulus Windfall Is Heading China’s Way
David Ni is expecting a great year for his Chinese car-wheels business, thanks to the $1.9 trillion boost President Joe Biden just gave to the U.S. economy. ( read original story …)
EU-China deal on the rocks as sanctions shake support in European Parliament
Three of Europe’s top four parties have already said they will not ratify, and a lively discussion is taking place in the fourth Deal now faces uphill struggle to be ratified in 2022, with critics…
China firms rush to withdraw IPOs as rules tighten
Firms had rushed to list after China introduced a registration-based system and loosened … A large share of the companies that have withdrawn IPO applications did so after on-site inspections, Mr Yi … ( read…
Biden has left Trump’s China tariffs in place. Here’s why
Former President Donald Trump started a controversial trade war with China three years ago, putting tariffs on roughly $350 billion of Chinese-made goods … ( read original story …)
China announces trade fair to boost Hainan’s duty-free status, show commitment to opening up
The inaugural Hainan Expo will take place in May as Beijing pushes ahead with plans to transform the island into a duty-free shopping hub and show its commitment to opening up the economy to foreign … (…
Analysis | Can Central Asian gas exporters rely on China?
China hopes to reduce energy imports and cut emissions, raising questions about the need for additional gas from Central Asia, writes @bekka_april … ( read original story …)
China’s Didi leans towards New York for IPO, eyes valuation of $100bn
China’s top ride-hailing firm Didi Chuxing is leaning towards picking New York over Hong Kong for its initial public offering (IPO), eyeing a valuation of at least $100bn via the float, two people … (…
H&M faces a boycott in China over its statement criticizing treatment of Uyghurs.
The Swedish retailer is the latest foreign fashion business to come under pressure from Chinese consumers after a perceived misstep. ( read original story …)
France should boost wheat quality to lift China exports -COFCO
The volume of French wheat exports to China has surged in the past year, as France is among the few approved suppliers able to capture robust Chinese demand. Sun Wei, deputy general manager wheat at…
UPDATE 2-China triples output of COVID-19 vaccines from early Feb – Xinhua
China’s daily output of COVID-19 vaccines has reached about 5 million doses, more than tripling the 1.5 million-dose daily production rate on Feb. 1, official media said on Wednesday. China has … ( read original…
TikTok owner ByteDance hires CFO in a step towards IPO
TikTok owner ByteDance has hired Xiaomi executive Shou Zi Chew for a newly created role as chief finance officer, in a sign that the tech company is moving towards a much-anticipated initial public … (…
