Huobi Global, once China’s top crypto exchange, has been retooling itself since exiting from the home market following Beijing’s crypto ban. Now the company is nearing a takeover by an inv...
Tag: Chinas
U.S.-China tensions could ‘supercharge’ China’s innovation: JPMorgan
An employee works on the production line of semiconductor wafer at a factory of Jiangsu Azure Corporation Cuoda Group. China has stepped up investment into its chip industry in a bid to be self-relian...
China’s carbon neutral climate goals could spawn new global players
China aims to reach peak carbon emissions in 2030. Pictured here is a wind farm in Chongqing in southwest China, on June 28, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — China ...
China’s $5 Trillion Rout Creates Historic Gap With Indian Stocks
(Bloomberg) — The relentless plunge in China’s stocks has burnished the appeal of their biggest emerging-market rival India, spurring a divergence that’s rarely been seen before. The MSCI India ...
China’s central bank PBOC warns against yuan speculation
The Chinese yuan weakened past the closely-watched 7.2 level against the greenback this week. Getty Images BEIJING — The People’s Bank of China has warned against betting on the yuan, after its ...
China’s Race to Avoid a Wall Street Ban Is Off to a Tense Start
(Bloomberg) — The latest high-stakes drama between the world’s biggest superpowers is unfolding in the unlikeliest of places: a Hong Kong office tower full of accountants. Most Read from Bloombe...
One Of China’s Richest Women Gives $3.8 Bln Of Shares To Husband
Hengli Group is located west of Shanghai in the Chinese city of Suzhou. Photographer: Qilai … [+] Shen/Bloomberg © 2019 Bloomberg Finance LP One of China’s richest women is worth a few billion d...
China’s Renminbi Falls Most against USD Since 2008, China Eases Support for Currency
The Chinese central bank has intervened to support the Renminbi by setting stronger-than-expected Renminbi fixings for 25 straight sessions. The Chinese Renminbi has dropped to its weakest levels toda...
Are China’s Banks Too Big to Bail? – Trustnodes
Chinese banks have grown to become the biggest in the world, with the Industrial and Commercial Bank of China having $5.8 trillion in assets under management. That’s far more than the biggest non-Chin...
China’s Economy ‘Dismal,’ Will See No Growth, New Report
In this handout photo released by Uzbekistan Foreign Ministry, Chinese President Xi Jinping attends … [+] the Shanghai Cooperation Organization (SCO) summit in Samarkand, Uzbekistan, Friday, Sep...
JD.com Billionaire Founder Richard Liu Gives Up Stakes In Healthcare, Logistics Affiliates Amid China’s Regulatory Crackdown
JD.com’s Richard Liu Lintao Zhang/Getty Images Richard Liu, the billionaire who founded e-commerce giant JD.com, gave up all his shares in two affiliated companies, in the latest move by a Chine...
Trip.com, China’s Biggest Online Travel Site, Reverses To Profit In 2nd Quarter As Global Bookings Gain
Employees walk through the reception area at the Trip.com headquarters in Shanghai in 2021. … [+] Photographer: Qilai Shen/Bloomberg © 2021 Bloomberg Finance LP Trip.com, China biggest online tr...
Tycoon’s Wild $3 Billion Gamble on ‘China’s LVMH’ Crashes
(Bloomberg) — Six years ago, a little-known textile maker called Shandong Ruyi Group embarked on a frantic acquisition spree with the goal of becoming China’s version of luxury powerhouse LVMH. ...
Australian Senator Includes China’s Digital Yuan CBDC Requirements in New Digital Assets Bill
Australian Liberal Senator Andrew Bragg has introduced a bill to regulate crypto assets so that the country ‘keeps up with the global pace’ in handling rules for digital assets. The bill also mentions...
China’s EV Startups Suffer Widening Losses Despite Sales Boom
Sept. 19, 2022 6:00 am ET Listen to article (2 minutes) HONG KONG—China’s electric-vehicle market is booming, but the country’s hottest EV startups are seeing losses grow even as sales rise. Rising ba...
Australian Senator Proposes Crypto Bill Targeting China’s Digital Yuan
Bragg’s draft “Digital Assets (Market Regulation) Bill 2022” identifies seven Chinese banks, including the Agricultural Bank of China and the Bank of China, that have branches in Aus...
China’s Factories Accelerate Robotics Push as Workforce Shrinks
China installed almost as many robots in its factories last year as the rest of the world, accelerating a rush to automate and consolidate its manufacturing dominance even as its working-age populatio...
Tycoon Running a Quarter of China’s Copper Trade Is on the Ropes
(Bloomberg) — From a start guarding trains full of metal from thieves on freezing winter nights, He Jinbi built a copper trading house so powerful that it handles one of every four tons imported...
How China’s reacting to falling yuan, rising US dollar — Quartz
The Chinese yuan has slumped sharply against the US dollar this year, and is sliding towards what many analysts deem the psychologically important seven-dollar mark. Although Chinese officials are act...
China’s plunging energy imports confound expectations
W649PH A tanker is to be loaded with liquefied natural gas (LNG) at the Rudong LNG terminal of CNPC (China National Petroleum Corporation), parent company of In the aftermath of the global financial c...
Filecoin service provider RRMine moves to Singapore due to China’s crypto restrictions
Filecoin’s storage company RRMine Global is moving its headquarters to Singapore from China due to the company’s more progressive stance toward cryptocurrencies. The company said in a Sept. 13 press r...
China’s ponzi-like property market is eroding faith in the state
The 120km train ride between the cities of Luoyang and Zhengzhou is a showcase of economic malaise and broken dreams. From the window endless, half-built residential towers pass one after another for ...
China’s tourism revenue was below pre-Covid 2019 levels amid lockdowns
National tourism revenue for the long weekend ended Monday reached 28.68 billion yuan ($4.16 billion), only 60.6% of pre-pandemic levels in 2019, according to China’s Ministry of Culture and Tou...
China’s Central Bank calls for wider usage of digital yuan to facilitate interconnectivity
The People’s Bank of China (PBOC) has issued a demand for further efforts to allow interconnection between the digital yuan (e-CNY) system and conventional e-payment technologies to make the usage of ...
BYD’s Thailand Factory Plan Underscores How China’s EV Industry Is Going Global
Warren Buffett-backed BYD was the world’s top maker of electric vehicles in the first half of 2022. … [+] Photographer: Kiyoshi Ota/Bloomberg © 2022 Bloomberg Finance LP Wednesday’s annou...
China’s Evergrande crisis worsens as lender seizes HQ in Hong Kong
A lender has taken possession of Evergrande’s Hong Kong headquarters after the cash-strapped Chinese property developer defaulted on a loan and made two unsuccessful attempts to sell the building. Ea...
China’s ‘Lost Decade’ Is Even Worse Than You Think
People line up for Covid tests in front of a mobile testing booth in July 19, 2022 in Chengdu, Sichuan Province of China. Yuan Kejia/VCG via Getty Images Turns out, economists worried about a Japan-li...
China’s Currency Struggles Spell Trouble Across Emerging Markets
(Bloomberg) — Most Read from Bloomberg Just months ago, the Chinese yuan was reigning supreme as emerging markets’ own haven asset, shielding investors from the turbulence of war and runaway inf...
Could China’s Yuan replace the U.S. dollar as the world’s dominant currency? Here’s how the Asian nation’s trade supremacy is quickly boosting its reserve status
Could China’s Yuan replace the U.S. dollar as the world’s dominant currency? Here’s how the Asian nation’s trade supremacy is quickly boosting its reserve status China’s economy has been immense...