A device used by the military for its missiles that was sent to China for repair has prompted calls for tighter security in Taiwan. A launch measuring optical instrument for Taiwan’s Hsiung-Feng III anti-ship missiles was sent to its European maker. Then, according to Taiwanese media, it was returned to Taiwan from the eastern Chinese […] Read more
The People’s Bank of China pumped $26.3 billion into the financial system through seven-day reverse repo operations in the final trading days of 2022 as a stimulus measure. The greatest weekly cash injection since 2019 is being used to improve the liquidity of financial institutions. Reverse repurchases, also referred to as “reverse repo” transactions, are […] Read more
According to a number of top researchers and World Health Organization advisors, there may yet be a devastating wave in China before the Covid-19 pandemic emergency is officially declared to be over. Their opinions reflect a change since China started to abandon its zero-Covid-19 policy last week in response to an increase in infections and […] Read more
After being accused of assaulting a Hong Kong protester in the northern English city of Manchester, China has expelled six diplomats from the UK, including its consul-general. The six envoys departed the nation before the deadline of Wednesday set by London for them to relinquish their diplomatic protection and be questioned by authorities over the […] Read more
Taiwanese prosecutors said on Tuesday that they have punished a senior military commander with corruption and damaging national security after claiming that he collected payments from a Chinese agent to serve as a spy and even signed a letter offering to surrender to China. Taiwan has long fought what it claims is a concerted espionage […] Read more
China is cracking down on stocks that trade on U.S. exchanges. Here’s what it means if you hold them
China’s most powerful companies — including Didi, Alibaba and Tencent — are suddenly under immense scrutiny as country vows to crack down on domestic companies that list on U.S. exchanges. That move could upend a $2 trillion market loved by some of the biggest American investors. Beijing is stepping up its oversight on the flood of Chinese listings in […] Read more
The U.S. lags behind China and Europe when it comes to production and uptake of electric vehicles domestically, according to a new study by the International Council on Clean Transportation — and that gap widened from 2017 to 2020. The world manufactured more than 10 million electric passenger vehicles between 2010 and 2020, according to […] Read more
Bitcoin’s price tumbled Friday following an intensified call from Chinese authorities to crack down on mining and trading of the cryptocurrency. Chinese Vice Premier Liu He and the State Council said in a statement that tighter regulation is needed to protect the financial system. The statement, released late Friday in China, said it is necessary […] Read more
Adidas is more confident about sales this year as it notes stronger-than-expected demand for its products across the world, despite a boycott by consumers in mainland China. The German sportswear retailer expects currency-neutral sales to rise at a “high-teens” rate this year, with a “significant” acceleration already seen in the second quarter, the company said on […] Read more
China — Tesla faces mounting pressure in China as state media and regulators criticize the electric car maker following a woman’s protest at a major auto show this week. Tesla could be facing one of its worst public relations crises in China, a market investors see as critical for its growth. On Monday, a woman who claimed […] Read more
