Thursday, June 17, 2021
China has announced a new regulation to be introduced on 1 September in order to ensure the timely payment of owed funds towards SMEs. This regulation will better safeguard the legal rights and interests of SMEs and private enterprises that are having a hard time doing business in the...
The likes of Ant Financial, ByteDance and Xiaomi are looking to snag one of the licences issued by Singapore’s central bank this year. Analysts say the new players’ entrance will help innovate the Singaporean banking industry. The Monetary Authority of Singapore is issuing as many as five digital banking...
Tmall Global to Welcome 2,600 New Overseas Brands at 11.11 Shopping Festival Tmall Global aims to welcome 2,600 new international brands from markets including Malaysia and incubate over 2,000 in-demand overseas products, each with a GMV surpassing RMB 1 million, at the 11.11 Global Shopping Festival. According to Tmall Global, the...
Analysts have voiced concerns that China’ Japan, and South Korea are at risk of a second wave of disruptions to their supply chains due to the ongoing impact of the COVID-19 coronavirus, which has already caused major slowdowns in global trade and economy. The three Asian nations contribute about...
China's public and private sectors are set to spend 10.6 trillion yuan (US$1.6 trillion) through 2025 to develop next-generation infrastructure, including the 5G network and electric-vehicle charging stations. This is especially important for the economic juggernaut as trade friction with the US looks likely to continue despite the change...
Boris Johnson, Britain’s prime minister-designate, said his government would be very “pro-China”, in an interview with a Hong Kong-based Chinese-language broadcaster shortly before he was chosen to succeed Theresa May on Tuesday. Speaking to Phoenix TV, Johnson backed Chinese President Xi Jinping’s infrastructure-based Belt and Road Initiative and said...
COVID-19 vaccine could be ready by year-end, says China government body China's State-owned Assets Supervision and Administration Commission (SASAC) said that a Chinese-made coronavirus vaccine could be ready for market as early as the end of this year,  In trials, more than 2,000 people have received vaccines developed by the...
Chinese officials confirmed Wednesday that the number of people infected by a new form of coronavirus in the country has reached nearly 6,000, a total that surpassed the official cases tallied on the mainland during an outbreak of the severe acute respiratory syndrome (SARS) in 2002 and 2003. The...
Thanks to the sheer weight of its economic prowess, China was able to begin its economic recovery process fairly early compared to other nations. This recovery trend has continued into the second half of 2020, albeit unevenly. Said recovery is being helped along by a combination of modestly loose monetary...
The COVID-19 novel coronavirus is proving to be a far more tenacious adversary than the world first realised. It is highly infectious and widespread quarantine seems to be the only effective method of containing it’s spread. Unfortunately, the consequences of such measures means that consumption has seen a huge...
China announced tax breaks Monday to spur growth of its semiconductor industry following US sanctions that cut off access to American processor chips for tech giant Huawei and some other companies. Leaders declared accelerating efforts to transform China into a self-reliant “technology power” to be this year’s top economic priority...
Hong Kong police have arrested 420 people in connection with protests since June 9, amid escalating violence in demonstrations that have rocked the former British colony and plunged it into its worst political crisis in decades. Police have also fired 1,000 rounds of tear gas and about 160 rubber bullets...

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