Fresh vegetable prices rose by 24% year-on-year in April as consumers stocked up to prepare for potential stay-home orders. Pictured here is a delivery driver for Alibaba’s Hema Fresh supermarke...
Tag: Chinas
China’s Geely Auto To Buy 34% Of Renault Korea Motors In Bid For South Korean, Export Markets
Chinese billionaire Li Shufu controls Geely Auto, as well as Volvo Cars, Polestar and several other … [+] global brands. Photographer: Qilai Shen/Bloomberg © 2018 Bloomberg Finance LP Geely Auto...
China’s Covid Policy Will “Exact A Very High Cost On The Economy”
A health worker in personal protective equipment administers a booster shot to an international … [+] resident at a hospital during a lockdown due to Covid-19 in Shanghai, China on Saturday, May...
China’s diktat against NFT flipping spawns
Some in mainland China are trading on WeChat groups This made the industry spawn that caters to the fervor over the asset class Chinese language NFT market has ballooned to three billion yuan in April...
Dr. Fauci Diagnoses China’s Bad Economic Habits
Dr. Anthony Fauci testifies before the Senate Health, Education, Labor, and Pensions Committee on July 20, 2021 on Capitol Hill in Washington, D.C. J. Scott Applewhite-Pool/Getty Images Dr. Anthony Fa...
China’s Guangdong Province Orders Fresh Crackdown on Bitcoin Mining
The authorities of China’s Guangdong province have imposed a fresh ban on cryptocurrency mining equipment and ordered confiscations of such equipment where found. The Guangdong Provincial Development ...
America’s New QUICKSINK Bomb Targets China’s Vast Low-Tech Navy
Screenshot from a live test of a “Quicksink” bomb Air Force Research Laboratory After a stunning live-fire demonstration in the Gulf of Mexico, America’s new “QUICKSINK” bomb, a fast-movin...
China’s Crypto Stance Takes A Hit As Shanghai’s Top Court Upholds Bitcoin As Property ⋆ ZyCrypto
Advertisement     A top court in Shangai, China’s biggest city and a global financial hub has upheld Bitcoin as property under Chinese laws, pitting the government aga...
China’s Xi Jinping calls for sticking to zero-Covid policy
Xi Jinping seen giving a speech during the centenary of the founding of the Chinese Communist Party, in Fuyang on July 1, 2021. From a political perspective, 2022 is a particularly critical year for C...
China’s U.S. Ambassador Talks Pew Poll, Trade, Air Travel: Exclusive Interview
Qin Gang, Chinese Ambassador to the U.S. since July 2021. Forbes The Pew Research Organization unveiled a poll last Thursday saying 82% of Americans have an unfavorable view of China, a record high an...
From Estee Lauder to Apple, China’s Covid restrictions take their toll
Factories in China affected by Covid lockdowns can conditionally resume work, by housing workers on-site. Pictured here is an auto parts manufacturer in Suzhou that has had 478 employees on site since...
Here’s how China’s tech giants are banking on NFTs frenzy despite crypto ban
Non-fungible tokens (NFTs) were the subject of a warning from a collection of Chinese industry associations in the middle of April, cautioning of the possible financial hazards associated with them. A...
Beijing city bans in-restaurant dining as China’s Covid controls tighten
As part of the latest Covid controls, China’s capital city of Beijing banned in-store dining as a five-day holiday kicked off, prompting restaurants to sell food outside. Kevin Frayer | Getty Im...
China’s Sudden Currency Plunge Raises Risk of a 2015-Style Panic
(Bloomberg) — When China’s tightly managed currency depreciates dramatically against the dollar, it can be hard to stop. Most Read from Bloomberg More than six years after China’s shock 2015 dev...
China’s residents to receive 15 million in digital yuan as part of government’s CBDC giveaway
The People’s Bank of China (PBOC), China’s central bank, is continuing to test its central bank digital currency (CBDC) with yet another digital yuan giveaway. The government of Shenzhen’s Futian dis...
Chinese tech firm’s 890 per cent debut on Nasdaq underlines appetite for IPOs amid China’s efforts to defuse audit, delisting tensions
Ostin Technology, a low-key technology company, made an electrifying debut as the first Chinese stock offering in the US since February, underlining strong appetite even as regulatory officials remain...
China’s Beijing city loosens robotaxi rules for Baidu Apollo Go, Pony.ai
Chinese tech companies Baidu’s Apollo Go and Pony.ai announced Thursday they received permission from Beijing city authorities to remove the safety driver for part of their robotaxi business in ...
China’s capital city Beijing begins Covid testing in business district
China’s capital city of Beijing reported a spike in Covid cases over the weekend and began mass testing Monday in the business district of Chaoyang. Within the district, one community that’...
China’s Oil Demand Is Tumbling the Most Since Wuhan Lockdown
(Bloomberg) — China is heading for the largest oil demand shock since the early days of the pandemic as the nation’s efforts to tame a rapidly spreading virus hobbles vast swathes of the economy...
Experts say China’s lockdowns will make inflation and the supply chain nightmare even worse
China’s strict COVID-19 lockdowns will exacerbate global supply chain woes and add to inflation in the coming months, experts say. President Xi Jinping’s zero-COVID policy is being tested as the count...
Will Russia’s Turn to China’s UnionPay Actually Make a Difference?
With western sanctions continuing to cripple Russia’s economy, the country has had to look to alternative payment systems since being cut off from SWIFT – turning to China’s UnionPay. Since the onset ...
IMF Says China’s Outflows Show Deepening Divergence With U.S.
(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg Investor outflows from China reflect a deepening divergenc...
China’s ‘Zero-Covid’ Crackdown Threatens Global Economy
Chinese President Xi Jinping attends the 16th G20 Leaders’ Summit via video link in Beijing, capital of China, Oct. 31, 2021. Yue Yuewei/Xinhua via Getty Images When Group of 20 officials meet t...
China’s Emissions Trading System Will Be The World’s Biggest Climate Policy. Here’s What Comes Next.
China’s new emissions trading system (ETS) is already the world’s largest carbon market, three times bigger than the European Union’s. And China’s ETS is about to grow 70 percent under plans to add he...
Tencent nears launch China’s CBDC wallet with WeChat integration
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China’s New Gold Project Is A Double-Edged Sword For Tajikistan
Tajikistan’s president traveled to the northern Sughd region on April 14 to oversee the opening of a new gold processing plant built by a Chinese investor at a cost of around $136 million. The enterpr...
Shanghai by the numbers: China’s Covid lockdowns
The Huangpu River splits the Chinese city of Shanghai between the older settlement on the west and the newer, financial center on the east. Johannes Eisele | Afp | Getty Images China’s latest wa...
China’s 2022 Covid lockdowns inflation risk bigger vs 2020
China’s automobile and component exports more than doubled in 2021 from a year ago, exceeding 30% growth in China’s exports overall, Bernstein analysts found. Yi Fan | Visual China Group |...
China’s Tech Leaders Warn Of Widespread Production Halt If Shanghai Lockdown Continues
Richard Yu, chief executive officer of the consumer business at Huawei Technologies, talks about the Huawei Mate 30 smartphone in Munich, Germany, on Sept. 19, 2019. Michaela Handrek-Rehle/Bloomberg T...
How entering the NFTs would impact Huawei amidst China’s Crypto ban?
Any tech giant entering the crypto space makes headlines all over, especially when its a Chinese firm China has put up the regulations regarding crypto operations and banned cryptocurrency-related to ...