China: New Anti-Foreign Sanctions Law introduced
BEIJING — Over the last three years, the U.S. and the European Union have imposed a series of sanctions on Chinese officials and companies. Now China has created a new legal tool to hit back. Organizations with a foot in … Continue reading China: New Anti-Foreign Sanctions Law introduced
China plans high volume of vaccination by end of 2021
BEIJING — In the span of just five days last month, China gave out 100 million shots of its COVID-19 vaccines. After a slow start, China is now doing what virtually no other country in the world can: leveraging the … Continue reading China plans high volume of vaccination by end of 2021
Hyatt plans first Alila Hotel in Shanghai
SHANGHAI – Hyatt announced that a Hyatt affiliate has entered into an agreement with an affiliate of Fungseng Prosperity Holdings Limited to develop a 188-room Alila hotel in the Jing’an District of Shanghai. A high-profile conversion project, Alila Shanghai is … Continue reading Hyatt plans first Alila Hotel in Shanghai
WHO now lists Sinopharm vaccine for emergency use
GENEVE – The WHO now lists the Sinopharm COVID-19 vaccine for emergency use, giving the green light for this vaccine to be rolled out globally. The Sinopharm vaccine is produced by Beijing Bio-Institute of Biological Products Co Ltd, subsidiary of … Continue reading WHO now lists Sinopharm vaccine for emergency use
Canadian filmmaker funds original epic from China
HONG KONG / WUXI – As Mainland China’s robust animation industry continues to thrive, many producers are seeking funding to create original works for global markets. One of them is a Wuxi Jiujiu Animation Production (Jo Jo), which recently secured … Continue reading Canadian filmmaker funds original epic from China
China: Historic breakthrough for CPU developer
Loongson Technology, a leading Chinese chip company based in Beijing, unveiled on Thursday its first fully self-developed CPU (central processing unit) architecture that uses an original instruction set, which has been hailed as a “historic breakthrough” by industry insiders. The … Continue reading China: Historic breakthrough for CPU developer
Sinovac to reach two billion vaccine doses annually
BEIJING – China’s Sinovac Biotech conformed its third production plant for its COVID-19 vaccine was ready and had started manufacturing procedures for bulk vaccine ingredient, doubling its annual capacity to 2 billion doses. A Sinovac spokesman said the third facility, … Continue reading Sinovac to reach two billion vaccine doses annually
Chinese celebs avoid buying western fashion brands
BEIJING – China’s top ride-hailing app dropped Swedish fashion retailer H&M from its listings as Chinese celebrities stopped endorsing foreign labels in a growing uproar over Western accusations of forced labour in Xinjiang. H&M faced a public backlash in China … Continue reading Chinese celebs avoid buying western fashion brands
Blacklisted Chinese firms plan lawsuits
BEIJING – Chinese companies targeted by a sweeping investment ban imposed by former President Donald Trump are considering suing the U.S. government after a federal judge suspended a similar blacklisting for Beijing-based smartphone maker Xiaomi. Lawyers familiar with the matter … Continue reading Blacklisted Chinese firms plan lawsuits
Baidu Plans to Raise Capital in Hong Kong
BEIJING/HONG KONG – Baidu, Chinese search engine and AI giant, is planning to raise at least HK$28 billion ($3.6 billion) by selling 95 million shares in a secondary listing on the Hong Kong stock exchange, the latest US-traded Chinese tech … Continue reading Baidu Plans to Raise Capital in Hong Kong