Hong Kong widened its cross-border investment channel with Shanghai and Shenzhen with two new classes of financial products on Monday, elevating the city’s status as mainland China’s offsh...
Tag: Chinas
Binance Says Some Users Potentially Hit By China’s Biggest Data Breach
Binance CEO Changpeng “CZ” Zhao claims that their threat intelligence has identified the sale of the personal information of over 1 billion people on the dark web. CZ said the leaked details contain d...
China’s self-styled Warren Buffett haunted by Fosun’s $40bn debt
Chinese billionaire Guo Guangchang, whose global empire includes French resort group Club Med, Portugal’s biggest bank and the English football club Wolverhampton Wanderers, was among the last men sta...
China’s Xi arrives in Hong Kong in first trip off mainland since pandemic
Chinese President Xi Jinping is pictured here speaking during the unveiling of the Communist Party’s new Politburo Standing Committee on October 25, 2017 in Beijing, China. Lintao Zhang | Getty ...
China’s BSN Founder Not Fan of Bitcoin, Calls Crypto a Ponzi Scheme
The CEO of Blockchain-based Service Network (BSN), Yifan He in a published article noted cryptocurrencies as one of the biggest “Ponzi schemes in human history.” Yifan also acts as the CEO of Red Dat...
China’s BSN Founder Hates Bitcoin
A leading local blockchain specialist and CEO of China’s Blockchain-based Service Network (BSN), slammed Bitcoin as a Ponzi scheme while the Chinese government continues to celebrate the collapse of t...
China’s economy didn’t bounce back in the second quarter, survey finds
China’s exports surged by 16.9% in May from a year ago, two times faster than analysts expected. Pictured here on June 15, 2022, are workers in Jiangsu province making stuffed toy bears for expo...
China’s BSN Founder Not Fan of Bitcoin, Calls Crypto a Ponzi Scheme
Yifan He, the CEO of Blockchain-based Service Network (BSN), published an article on June 26 referring to cryptocurrencies as the “biggest Ponzi scheme in human history.” He is also the CEO of Red Dat...
One of China’s Top Tech Investors Sees Crackdown Turning Point
(Bloomberg) — The founder of one of China’s biggest private equity investors said the nation’s tech firms are turning a corner after a recent rout wiped out nearly $2 trillion in market value at...
China’s 5.5% GDP Obsession Has $8 Trillion Dark Side
Chinese President Xi Jinping chairs the High-level Dialogue on Global Development via video link in Beijing, China, on June 24, 2022. Li Tao/Xinhua via Getty Images China is going to grow 5.5% this ye...
China’s BSN chair calls Bitcoin Ponzi, stablecoins ‘fine if regulated’
Amid the Chinese government continuing to celebrate the massive decline of cryptocurrency markets this year, one key local blockchain expert has referred to crypto as a Ponzi scheme. Yifan He, CEO of ...
Key Indicator Shows China’s Economy Set For Further Slump
WUHAN, CHINA – FEBRUARY 10: A man wears a protective mask on February 10, 2020 in Wuhan, China. … [+] Flights, trains and public transport including buses, subway and ferry services have b...
China’s national real estate development continues 17-month drop shrinking over $20 billion YoY
While most of the attention regarding China is related to the more recent Covid lockdowns in Shanghai and Beijing, the slump in the housing market observed since January of 2021 will most likely have ...
VC Eric Li says these firms will define China’s new economy — Quartz
China’s tech crack down has made clear that Beijing wants to shift its economy away from consumer internet firms. But if these big tech firms have fallen out of official favor, what kinds of high-tech...
China’s world’s factory tag threatened by Vietnam, but ‘there’s nothing to worry about’, analysts say
Worries that Vietnam could replace China to become the new manufacturing powerhouse are overstated, according to analysts, despite lockdowns and stringent coronavirus restrictions shifting orders to S...
China’s Tech Giants Lost Their Swagger and May Never Get It Back
(Bloomberg) — On trading floors in New York and Hong Kong, the brightening mood toward Chinese technology companies is unmistakable: With stocks like Alibaba Group Holding Ltd. and Tencent Holdi...
Here’s what China’s Alibaba and Kuaishou say about the economy
Across five major e-commerce platforms’ GMV, Alibaba’s market share fell by 6% in the first quarter versus the fourth, according to Bernstein analysis. Str | Afp | Getty Images BEIJING — A...
China’s Electric Car Exports More Than Double, Mostly to Europe
(Bloomberg) — China’s shipments of cars rebounded in May, with electric vehicle exports more than doubling, as Covid lockdowns gradually ended. Most Read from Bloomberg Car manufacturers in Chin...
Russia leapfrogs Saudi Arabia as China’s biggest oil supplier—with some help from massive discounts
Russia has reclaimed its position as China’s biggest oil supplier, overtaking Saudi Arabia in May as Beijing cashed in on discounted Russian energy. Last month, Chinese imports of Russian oil surged b...
China’s Reopening is No Blossoming of Energy Markets
A transit officer, wearing a protective gear, controls access to a tunnel in the direction of Pudong … [+] district in lockdown as a measure against the Covid-19 coronavirus, in Shanghai on Marc...
China’s Unpredictability Is “Poisonous” For Its Business Environment, EU Chamber Says
A volunteer in protective gear fans himself with a paper printed with a health QR code at a COVID-19 … [+] testing site in Beijing, Monday, June 20, 2022. (AP Photo/Andy Wong) ASSOCIATED PRESS U...
Why is China’s inflation rate low compared to the US, Europe and Britain?
China’s benign inflation readings are in marked contrast to many advanced economies, giving the country space for more monetary loosening while the United States, the European Union and Britain ...
China’s Xi says trade with Russia to hit new records in coming months
Chinese President Xi Jinping spoke Friday via video at the St. Petersburg International Economic Forum’s plenary session, which Russian President Vladimir Putin opened with a speech over an hour...
Luxury brands say China’s latest Covid wave whacked consumer demand
China’s retail sales plunged 11.1% in April from a year ago as Covid controls kept many people at home and malls closed. Pictured here is a luxury store in Shanghai on June 4, 2022, just a few d...
China’s Chipmaking Power Grows Despite US Effort to Counter It
(Bloomberg) — China’s semiconductor industry is showing signs of flourishing even in the face of Biden administration efforts to counter its growth, raising alarm bells in Washington. Most Read ...
Oil Bulls See China’s Comeback Pushing Prices Even Higher
(Bloomberg) — Oil bulls are starting to picture a world in which China, the engine of demand growth, comes back to the market. Most Read from Bloomberg And if their analysis is right, the summer...
China’s Alibaba Cloud Quietly Launching International NFT Solutions
The cloud computing division of e-commerce giant Alibaba Group has launched new services for NFT platforms based outside of mainland China. The features Alibaba Cloud will provide include web hosting,...
China’s Slowdown Could Tamp Down Global Inflation
China’s slowdown may have a silver lining for the rest of the world: weaker inflation. Growth in the world’s second-largest economy has tumbled this year as Covid-19 outbreaks triggered mass lockdowns...