China has pledged to increase its measures in an effort to strengthen its troubled banks and small enterprises; all the while continuing to crackdown on shadow banking and property speculation. This is a difficult balancing act for the nation as it risks an uncontrollable buildup in bad debt at...
Zhang Yiming, co-founder of TikTok owner ByteDance, told employees of the Chinese technology giant in a memo that he will step down as chief executive and be succeeded by co-founder Rubo Liang, the company disclosed on Thursday.
The move, first reported by Reuters, represents the biggest corporate shake-up at ByteDance...
Thousands of Hong Kong lawyers stage rare protest urging end to political prosecutions during anti-gov’t demos
Thousands of legal sector professionals staged their second “black clothes” march in two months urging for an end to political prosecutions, for the Department of Justice to retain its independence and for the government...
China’s Services Sector Shows Strong Growth Since Start of COVID 19China’s services sector bounced back strongly in May, posting the first growth since the beginning of the COVID 19 pandemic outbreak earlier this year, as strict controls aimed at containing the pandemic were eased. The Caixin/Markit services purchasing managers’...
China is grappling with its largest surge of infections since the coronavirus first emerged there more than two years ago. The government is racing to impose strict containment measures, but sustained outbreaks in two-thirds of the country’s provinces are the toughest test yet of its “Covid zero” policies.
Global commerce...
China’s President Xi Jinping is enlisting the financial sector in a war against a virus outbreak that has killed more than 500, mobilising lenders, brokerages and fund managers to pump resources into stricken parts of the economy.
Answering Beijing’s call, banks are rushing to offer virus-fighting loans at ultra-low rates,...
Recently, OneSME, a cross-border digital trade platform for SMEs in Singapore and China, was launched in order to facilitate trade more easily between SMEs of the two nations.
OneSME will connect business-to-business (B2B) platforms in the two countries to help local SMEs expand their overseas reach and tap significant demand...
Airbus is restarting its assembly line in China. General Motors began limited production over the weekend. Toyota followed suit on Monday. Slowly, but surely, and with an air of caution, the workers of China are heading back to the factories and offices to try and reopen for business.
Three weeks ago,...
China, home to 1.4 billion people and a country with a huge reliance on its workforce made its way to become an economic giant with the help of their massive population. Their demographics has made them what they are today.
Nearly 40 years ago, before the initiation of economic reforms...
Hundreds of people have joined a mass sit-in at Hong Kong International Airport Friday evening in a fresh round of anti-government protests designed to secure international backing for the movement. Organisers were expecting thousands to show up, and hoped police would respect what they said would be a peaceful...
China has unveiled a package of special policies for Hainan, including scrapping import duties, in an effort to turn the tropical island into the mainland’s answer to Hong Kong or Singapore and dampen the risk of decoupling with the United States.Beijing on Monday outlined its plan to make the...
E-commerce giant Alibaba has announced assistance for merchants affected by the 2019-nCoV coronavirus outbreak in China.
The assistance takes the form of offering waivers or reductions of service fees, providing financial assistance, as well as other special assistance in six major areas:
Reducing operational cost on Alibaba's platforms Taobao and...
