Chinese New Year: Food Packages for the family
SHANGHAI – Chinese unable to re-unite with loved ones this Lunar New Year are sending them a taste of home instead, using food packages to bridge the distance, as coronavirus warnings in some regions put a stop to the usual … Continue reading Chinese New Year: Food Packages for the family
China: Canadian tourists temporarily bared from entry
BEIJING – China has temporarily banned entry of foreign nationals traveling from Canada, even if they hold valid Chinese residence permits for work, the Chinese consulate in Toronto said. “All foreign nationals who hold valid Chinese residence permits for work, … Continue reading China: Canadian tourists temporarily bared from entry
U.S. ban on China firms could affect bonds
LONDON – U.S. curbs on investors owning securities from a number of Chinese companies could affect as much as $60 billion worth of bonds and spark hefty outflows through forced selling, JPMorgan wrote in a note to clients. Donald Trump’s … Continue reading U.S. ban on China firms could affect bonds
Chinese banks dispose of $467 billion soured assets
BEIJING (Reuters) – China’s banking sector disposed of 3.02 trillion yuan ($466.6 billion) in non-performing assets in 2020, its top banking and insurance watchdog said on Friday, up more than 50% from a year ago. The non-performing loan ratio of … Continue reading Chinese banks dispose of $467 billion soured assets
Financial investors unsettled by disappearance of Jack Ma
NEW YORK/BOSTON/HONG KONG – Billionaire Jack Ma’s 50-second video reappearance has done little to resolve Alibaba Group’s troubled relationship with regulators that is making some investors hesitate about owning the Chinese e-commerce giant’s stock. Relief at Ma’s first public appearance … Continue reading Financial investors unsettled by disappearance of Jack Ma
China approves Cisco’s $4.5 billion Acacia deal
SHANGHAI – Cisco Systems Inc’s purchase of Acacia Communications Inc has been approved by China’s antitrust regulator on condition that the companies ensure fair competition, the watchdog said on Tuesday. The State Administration for Market Regulation’s (SAMR) green light brings … Continue reading China approves Cisco’s $4.5 billion Acacia deal
Tesla delivering new model Y to Chinese customers
BEIJING/SHANGHAI – Tesla Inc said on Monday it has started delivering its Shanghai-made Model Y sports utility vehicles to customers in China. A representative for the U.S. automaker made the comment in response to a query from Reuters. The company … Continue reading Tesla delivering new model Y to Chinese customers
China: “New COVID-19 outbreak imported”
SHANGHAI – China’s recent COVID-19 outbreaks in the northeast have come from travelers entering the country or contaminated frozen food imports, the National Health Commission (NHC) said on Saturday. NHC Minister Ma Xiaowei made the comments at a government meeting, … Continue reading China: “New COVID-19 outbreak imported”
U.S. ban eight Chinese software apps
WASHINGTON – U.S. President Donald Trump on Tuesday signed an executive order banning transactions with eight Chinese software applications, including Ant Group’s Alipay mobile payment app, the White House said, escalating tensions with Beijing two weeks before President-elect Joe Biden … Continue reading U.S. ban eight Chinese software apps
Tesla to receive lithium supply from China
Beijing – China’s Sichuan Yahua Industrial Group Co Ltd said on Tuesday it had signed a deal to supply battery-grade lithium hydroxide to U.S. electric vehicle (EV) manufacturer Tesla Inc for the next five years. Yahua, which is based in … Continue reading Tesla to receive lithium supply from China