Amidst another major crypto clampdown in China, the 4-year old Chinese crypto exchange BitZ shutters its operations.
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China-US shipping rates begin to cool as power crisis forces production cuts, but freight costs still elevated
Sky-high shipping and container prices have been causing major headaches for Chinese exporters, but costs have been easing over the past two weeks.
China orders coal mines to ramp up production in a bid to ease power crisis
China has ordered its two top coal regions to boost output and will allow coal-fired power utilities to charge customers higher prices. The country has …
Gazprom says China gas exports continue despite fire at Amur plant
Gazprom said on Friday that Russian pipeline gas exports to China continued despite a fire that led to a halt in operations at the Amur gas processing plant in Russia’s Far East.
Coal imports from Australia not an ideal option for China due to rising costs: observers
Australian coal is not an ideal option for China to import, market watchers and business insiders said on Friday, at a time when China is ramping up coal imports from countries such as Russia and…
China crypto crackdown is far from over — it wants to add Bitcoin mining to the list of ‘eliminated’ industries and over 20 companies have already moved out
China’s top economic planning agency has added Bitcoin mining to the draft list of industries to be eliminated from the country’s economy. After the country’s detailed guidelines to get rid of all …
China’s energy crisis shows just how hard it will be to reach net zero
Xi Jinping has been talking tough on decarbonising China, but blinked after an energy crisis threatened to derail the world economy.
China IP Authorities Rule in Favor of Lycra’s Denim Patent
The company initiated several infringement suits related to its dual core and multi-core patents for denim against third parties in China.
After China’s ban the cryptocurrency market is already bouncing back
The cryptocurrency market already made a comeback from China’s ban. While news that China would be taking prohibitive steps against digital currencies hitting t …
20 crypto firms from China withdraw services for its users amid heavy crackdown
Amid the high regulatory measures introduced by the PBoC local companies have been forced to shut shop and withdraw operations.
Chinese Agency Reinstates Goal to Phase Out Crypto Mining Industry
The move come almost two years after the agency quietly removed crypto mining from the list of industries to be eliminated.
China fines food delivery giant Meituan for monopolistic behaviour
China has fined food delivery giant Meituan 3.4 billion yuan ($527 million) for monopolistic practices and ordered it to undertake a “comprehensive …
From iPhones to Australian wool, China’s energy crisis is starting to pinch the global economy
The knock-on impact to supply chains from China’s energy crisis could crimp a global economy struggling to emerge from the coronavirus pandemic.
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