(Bloomberg) — China’s exports to Russia slumped in March after the invasion of Ukraine even as shipments to other nations grew quickly, indicating Chinese companies are likely being cautious abo...
Tag: Chinas
China’s Xpeng Is Selling NFTs On Alibaba To Mark 100,000th Roll out Of Complete Vehicle
Xpeng, a Chinese electric vehicle manufacturer, is selling “digital collectibles” as a marketing move to celebrate the milestone of the 100,000th roll out of a complete vehicle. Most Chinese companies...
China’s Sichuan Has Launched Its NFT Trading Platform
The cultural and tourism authority in a Southwest China province, Sichuan, has built its NFT or non-fungible token trading platform in an effort to encourage the music industry to embrace emerging tec...
Shanghai Eases Restrictions, Non-Essential Travel Banned In Guangzhou As China’s Covid Surge Intensifies
Topline The Chinese port city of Guangzhou banned non-essential travel while Shanghai, the country’s financial hub, is easing lockdown but continues to report a large number of new Covid-19 cases as C...
China’s Nio halts EV production as COVID lockdowns disrupt its supply chain
Nio Inc., the China-based electric-vehicle maker, over the weekend warned of delivery delays after suspending production due to COVID-19 restrictions that have disrupted its supply chain. “There will ...
China’s WeChat joins the digital yuan pilot program
TL; DR Breakdown China WeChat joins the Digital Yuan pilot program High court outlaws cryptocurrency transactions as unlawful monetary services According to an announcement published on April 7, WeCha...
China’s Communist Party Wants To Regulate Digital Collections
China had seen a widespread ban on crypto transactions and crypto mining in 2021. Now, the China Economic Daily, the voice of China’s Communist Party, hints at stricter regulations on ‘digital collect...
China’s Central Bank Adds More Digital Yuan Pilot Cities – Altcoins Bitcoin News
China’s central bank, the People’s Bank of China, has added more cities to test its digital currency. According to the latest official data, the digital yuan has more than 261 million users. PBOC Adds...
China’s tech sector is losing its shine but remains top career choice for young talent
China’s tech sector is losing its shine as a career choice for the country’s best educated and most entrepreneurial amid widespread headcount cuts, subdued growth and intense regulatory sc...
Citi raises its forecast for China’s GDP growth
Real estate and related sectors account for at least 25% of China’s economy, according to Moody’s. Costfoto | Future Publishing | Getty Images BEIJING — China’s economy faces so much...
AmCham survey on China’s latest Covid lockdowns, American businesses
The metropolis of Shanghai, where many foreign businesses are located, entered a two-part lockdown this week as municipal authorities sought to control an outbreak in China’s worst Covid wave in...
China’s strict crypto policy continues as WeChat bans NFT accounts
China’s social media and messaging app, WeChat, has banned more than 12 public accounts linked to non-fungible token, or NFT, trading. Most of the banned accounts belong to small and medium-scale NFT...
Is China’s apprehension to ban NFTs a hopeful sign for investors?
It’s no secret that China has a clear disdain for all things crypto, as was highlighted last year when the country decided to ban its digital asset industry in its entirety. That said, one niche relat...
China’s zero-Covid policy tests small businesses in a make-or-break it year
Shanghai is in a two-part lockdown and has announced about 140 billion yuan ($21.88 billion) in tax relief, according to state media. The eastern half of the Chinese financial hub is in lockdown as au...
China’s wealthy moving money to Singapore amid common prosperity push
As Beijing pushes for “common prosperity” and political turmoil threatens Hong Kong, Singapore has become a safe harbor for some of the region’s wealthiest tycoons and their families...
China’s factories were hit harder this quarter as Covid drags on
China’s bicycle exports for the first two months of 2022 fell by 16% from a year ago, after growing by 14.9% for all of 2021, according to customs data. Song Wei | Visual China Group | Getty Ima...
Nongfu Spring, Flagship Of China’s Richest Man, Posts ’21 Profit Gain, Sees Rising Costs From Ukraine War
Bottles of Nongfu Spring Co. water at a vending machine in Shanghai. Photographer: Qilai … [+] Shen/Bloomberg © 2021 Bloomberg Finance LP Nongfu Spring, the flagship beverage business of China’s...
Greener Bitcoin Mining Could Be China’s ‘Trillion-Dollar Present’ to the US
When a miner wins a block reward of Bitcoin, it is issued a matching amount of sustainable Bitcoin certificates (SBCs), which, like Bitcoin, are on-chain tokens divisible by 100 million. These tokens ...
China’s Trip.com Posts $131 Mln Loss In 4th Quarter As Pandemic Drags On
Workers control access into a closed off community on Sunday, March 13, 2022, in Beijing. New … [+] coronavirus cases have created a drag on the country’s travel industry. (AP Photo/Ng Han...
China’s Tencent exploring a financial holding company for WeChat Pay
An image of WeChat Pay in action. Zhang Peng | LightRocket | Getty Images Chinese tech giant Tencent is exploring whether regulators will require it to create a financial holding company to house is f...
China’s Big Tech Firms Are Axing Thousands of Workers
BEIJING—China’s biggest tech companies are conducting large-scale layoffs this year as they deal with an economic slowdown and Beijing’s regulatory pressure. Tencent Holdings Ltd. TCEHY -7.14% , opera...
China’s Embattled Evergrande Says It Can’t Publish Annual Report On Time
A view of evergrande Center office building in Shanghai, China.(Photo credit should read Wang Gang / … [+] Costfoto/Future Publishing via Getty Images) Future Publishing via Getty Images China E...
China’s driverless delivery startup Whale Dynamic targets US market with $2.5M funding
A nascent Nuro challenger from China has its sight set on the delivery market in the US and has just raised some seed funding to advance its ambitions. Whale Dynamic, a Shenzhen-based autonomous deliv...
China’s central bank encourages ‘controllable risks’ in fintech innovation in Alibaba’s home province of Zhejiang
Chinese financial regulators, including the central bank, and the Zhejiang provincial government are encouraging “controllable risks” in the country’s e-commerce hub to spur financia...
Can Web 3 Be The Fundamental Behind China’s Future Internet: Highlights A Regulator
Yao Qian, a Chinese Regulatory Executive, has recently made public his thoughts on Web 3 via an article and seems quite optimistic about it. He highlighted that Web 3 Could be the primary element of C...
China’s Return To 1998 Is Troubling Economic Moment
The Shanghai Bull is associated with a derivative of Arturo Di Modica’s Charging Bull installed in … [+] late April 2010 and unveiled on The Bund in Shanghai on May 15, 2010. getty This we...
Web3 takes centre stage on China`s internet future: Yao Qian
TL;DR Breakdown Yao Qian proposes for China to focus more on Web3 adoption. China`s digital yuan might pose a significant threat to the U.S. dollar in the future. Web3 adoption takes a global center s...
Web3 will be key to the future of China’s internet, says security regulator
The director of the Science and Technology Supervision Bureau of China’s Securities Regulatory Commission Yao Qian has called for a special focus on Web3, deeming it to be the future of the internet. ...
Architect of China’s CBDC Calls For More Web3 Development
Yao Qian, a key developer in China’s central bank digital currency (CBDC) project, called on the Chinese government to increase the development of web3 technology. In an academic article, Qian said s...
US shouldn’t compete with China’s CBDC using surveillance tools
Jake Chervinsky, head of policy at crypto advocacy group the Blockchain Association, said the United States should be careful to avoid a “totalitarian nightmare” in its potential launch of a central b...