(Bloomberg) — China arrested hundreds of people allegedly involved in the nation’s largest ever bank fraud and started repaying more victims of the $5.8 billion scandal, in a bid to maintain soc...
Tag: China
Raffles Medical Group Sees China On The Mend From Covid As Its Expansion Continues
Dr. Vincent Chia, managing director of Raffles China Healthcare, a subsidiary of Raffles Medical … [+] Group in Singapore, joined the 2022 Forbes China Healthcare Summit this month. Forbes China...
U.S. needs miracle to avoid recession, economist Stephen Roach warns
Negative economic growth in the year’s first half may be a foreshock to a much deeper downturn that could last into 2024. Stephen Roach, who served as chairman of Morgan Stanley Asia, warns the ...
How to blog about travel? How to host a tv show about travel?
From waiting tables to living in a basement apartment, three travel hosts tell CNBC about how they got to where they are. Here are their stories. Samantha Brown Job: Emmy-award winning TV host of R...
California’s Battery-Powered EVs Could Increase Emissions
Willow Creek Bridge, Big Sur highway in California. getty Come 2035, California residents will have to shop elsewhere for new gasoline powered vehicles. On August 25, the California Air Resources Boar...
U.S. Business Optimism About China Outlook Drops To Record Low
People wearing protective masks use a laptop computer outside of a Starbucks Corp. in 2020. … [+] Photographer: Qilai Shen/Bloomberg © 2020 Bloomberg Finance LP Optimism among American companies...
U.S. Cancer Moonshot Needs Stronger Int’l Effort To Make Substantial Progress – Kevin Rudd
Kevin Rudd, president of the Asia Society, introduces Antony Blinken, U.S. Secretary of State, at … [+] George Washington University in Washington, D.C. on May 26, 2022. Photographer: Eric Lee/B...
Macro Headwinds Weigh On Micro Catalysts, Pinduoduo & Meituan Beat Expectations
China Last Night KraneShares Key News Asian equities had a rough start to the week as investors reacted to Fed Chair Powell’s hawkish comments from Jackson Hole on Friday. ADXY, the Bloomberg JP Morga...
China set to explore blockchain technology to facilitate electricity trading
The China Energy Administration (CEA) is set to investigate the use of blockchain-based power trading platforms to promote energy trade between self-contained power generation units and state and nati...
Dried-Out Farms From China to Iowa Will Pressure Food Prices
(Bloomberg) — Drought is shrinking crops from the US Farm Belt to China’s Yangtze River basin, ratcheting up fears of global hunger and weighing on the outlook for inflation. The latest warning ...
The Labor Shortage Is Killing American Manufacturing. Here’s How AI Can Bring It Back To Life.
Manufacturing engineer working with an AI-based system. Getty Images/iStockphoto US manufacturing is poised for a significant resurgence. The supply chain debacles caused by the pandemic have shown th...
China Suffers Another Dismal Month Of Steel Production
BEIJING, CHINA – OCTOBER 24: Chinese President Xi Jinping vote at the closing of the 19th Communist … [+] Party Congress at the Great Hall of the People on October 24, 2017 in Beijing, Chi...
China commences the second phase of the pilot program for e-CNY
China has made yet another giant stride toward the virtual payment space. Emerging reports from local media reveal that the country has begun the second phase of the pilot program for its Central Bank...
HFCAA First Step Audit Agreement Reached
China Last Night KraneShares This morning, the SEC, PCAOB, and CSRC, in conjunction with the Ministry of Finance, released statements announcing the signing of a Statement of Protocol allowing the PCA...
Alibaba, Nio stocks rally along with other Chinese names as SEC reaches audit deal with China
U.S-listed shares of Alibaba Group Holding Ltd. and Nio Inc. were among Chinese names trading higher in morning action Friday after the Securities and Exchange Commission announced that it has struck ...
China’s GDP Woes Crash Fed’s Jackson Hole Party
Jerome Powell speaks during a Bloomberg Television interview during the Jackson Hole economic symposium in Moran, Wyoming, U.S. David Paul Morris/Bloomberg Not since 1997 have central bankers gatherin...
China Introduces Digital Yuan Payments in Ningbo Subway, Guangzhou Buses – Bitcoin News
Authorities in two Chinese cities are promoting the digital yuan as a payment method in the public transportation system. Commuters on the subway of Ningbo and those taking the bus in Guangzhou will b...
China set to launch e-CNY payments for public transport
China is making significant progress with its plans for a central bank digital currency (CBDC). The e-CNY is currently available in several Chinese cities. It can be accessed easily by citizens lookin...
Alibaba, JD.com Rising on Report of Resolution to SEC Delisting Issue
Text size Alibaba stock rose more than 8% following the report. AFP/Getty Images Stock in Alibaba Group and Tencent Holdings took off on Thursday after The Wall Street Journal reported that security r...
Alibaba among China stocks gaining after report details possible resolution to U.S.-China audit issue
U.S.-listed shares of Chinese companies were heading sharply higher in Thursday morning trading after The Wall Street Journal reported that officials from the U.S. and China were near an agreement tha...
China Stocks in US Jump on Report Audit Inspection Deal Is Near
(Bloomberg) — China stocks listed in the US surged by the most in two weeks after the Wall Street Journal reported that regulators in Washington and Beijing are nearing an agreement that would m...
Tesla Stock Lower On 3-For-1 Nasdaq Split Trading Debut
Updated at 11:50 am EST Tesla (TSLA) shares edged lower Thursday following the trading debut for clean-energy carmaker’s three-for-one stock split on the Nasdaq. Tesla shareholders of record o...
U.S., China Near Deal to Allow Audit Inspection of N.Y.-Listed Chinese Companies
SINGAPORE—The U.S. and China are nearing an agreement that would allow American accounting regulators to travel to Hong Kong to inspect the audit records of Chinese companies listed in New York, accor...
Hong Kong’s Typhoon Tears Internet Shorts To Shreds As Alibaba And JD.com Rise
China Last Night KraneShares Key News Asian equities had a good day with Hong Kong having a fantastic day despite the morning session, 9:30 to noon followed by a one-hour lunch break before afternoon ...
Technology and telecom startups dominate the global patent activity led by China, US, Canada
With a focus on smart wearables, the artificial intelligence of things (AIoT), digital out-of-home (DOOH), metaverse, robots, and quantum computing startups have dominated the patent activity in 2022....
Richest Chinese Billionaire’s Flagship Posts Double-Digit Profit Rise In Tough Economy
Nongfu Spring Chairman Zhong Shanshan in 2013. (Photo by STR/CNS/AFP via Getty Images) CNS/AFP via Getty Images You don’t get to be China’s richest man without a lot of business acumen, and Zhong Shan...
China Admits Companies Hoard Solar. They Got Biden To Remove Tariffs Because Of It
China dominates the global solar industry supply chain, from soup to nuts. No one comes close. … [+] (Photo by In Pictures Ltd./Corbis via Getty Images) Corbis via Getty Images The Chinese gover...
The 2022 Summer Movie Box Office In Review
Yes, the overriding takeaway from the 2022 summer movie season was the general lack of theatrical releases. Even amid several titles breaking box office records and almost every tentpole performing at...
China begins next phase of CBDC testing with e-CNY payment for public transport
According to multiple sources, on Tuesday, China officially began rolling out the next round of its central bank digital currency (CBDC) pilot test program. In the city of Guanzhou, it is now possible...
Jerome Powell & US Dollar Summer Global Wrecking Ball Tour Continues
China Last Night KraneShares Key News Asian equities were mixed/lower overnight as South Korea, India, and Southeast Asia managed small gains while Japan, Hong Kong, and China were off. Global equitie...
China Guangzhou Public Transport Launches Digital RMB Payment Function
China’s Guangzhou became the first city to launch a pilot function of a digital RMB payment code to pay for bus rides. Passengers can now use the digital yuan (e-CNY) CBDC to pay for public tran...
Renewable Energy Grew At A Blistering Pace In 2021
QINGHAI, CHINA – AUGUST 10, 2022 – Hainan Ecological Photovoltaic Park in Hainan Prefecture, Qinghai … [+] Province, China, August 10, 2022. In recent years, relying on the advantage...