People receive COVID-19 vaccine at a vaccination site in Gulou District of Nanjing, east China’s Jiangsu Province, April 9, 2021. East China’s Jiangsu Province has launched a mass vaccination campaign …
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China Fines Alibaba $2.8 Billion in Landmark Antitrust Case
By Raymond Zhong China on Saturday said it was imposing a record $2.8 billion fine on the e-commerce titan Alibaba for monopolistic business practices, the government’s toughest action to date in its …
China regulators fine Alibaba $2.75 billion for anti-monopoly violations
SHANGHAI (Reuters) – Chinese regulators have fined Alibaba 18 billion yuan ($2.75 billion) – around 4% of its revenues in 2019 – for violating anti-monopoly rules and abusing its dominant market …
China reports 14 new COVID-19 cases in mainland vs 21 a day earlier
Mainland China reported 14 new COVID-19 cases on April 9, down from 21 a day earlier, the country’s national health authority said on Saturday. The National Health Commission said in a statement that …
Are Shenzhen’s high home prices a trap or an opportunity?
Some analysts worry about Shenzhen falling into a high-income trap because high home prices might drive out talent and companies, causing an industrial hollowing-out. However, there have been many …
China Steps Up Efforts to Cool Down Myanmar Tensions Amid Fear of Civil War
China has stepped up efforts to defuse tensions in Myanmar as deepening unrest in the neighboring nation threatens to erupt into a civil war among the military, opposition figures and various …
Is there a more dangerous virus than corona present at the Wuhan lab of China?
Coronavirus has started wreaking havoc all over the world once again. At the same time, another frightening news has come out. Another virus as dangerous as the corona virus may soon disturb the world …
‘Ping Pong Diplomacy’ Celebrates 50 Years, Just As U.S.,China Need It Again
As some call for a boycott of the 2022 Beijing Winter Olympics, more sports interaction could be helpful, like “Ping Pong Diplomacy” 50 years ago that helped thaw part of the Cold War.
Defying Beijing, US loosens restrictions on Taiwan contacts
The United States will still consider only Beijing as China’s legitimate government, consistent with its switch of recognition in 1979, but will do away with some of the convoluted rules that …
China Looks to Challenge U.S. Dollar with New Digital Yuan
China’s new digital yuan, controlled by its central bank, could pose a threat to the U.S. dollar, the standard for intentional trade and the world’s reserve currency. The central bank digital currency …
China to Surpass U.S. Economy, Reclaim Global Power Role by 2040, Intel Report Says
China is set to surpass the United States as the world’s largest economy and advance down a path toward reclaiming a global power role within the next two decades, according to a new report by…
China creates its own form of digital currency
In a first for a major economy, China has created its own form of digital currency. Some economists say this will boost the yuan’s global presence and also potentially weaken the dollar. Emily Parker, …
White House says China’s moves around Taiwan ‘potentially destabilizing’
The White House on Friday said it was keeping a close watch on increased Chinese military activities in the Taiwan Strait, and called Beijing’s recent actions potentially destabilizing.
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