Taiwan has lodged a trade complaint against China at the World Trade Organization following Beijing’s moves to block imports of two types of fruits. Taiwan-China relations have dropped to their lowest in decades following increased Chinese belligerence. China as threatened… Read More ›
Beijing
Will strengthen personal data protection in fintech sector: PBOC Governor
In a statement on Wednesday, Yi Gang, the Governor of China’s central bank, the People’s Bank of China, said, Beijing will strengthen personal protections in the financial technology sector to curb unauthorised data collection and abuses. Beijing aims to provide… Read More ›
Northern China braces for more COVID-19 cases, stringent lockdown imposed
Parts of northern China are facing heightened COVID-19 curbs following a broader outbreak of COVID-19. Three new areas are being locked down with schools halting physical classes and an aerospace company delaying work on a rocket project. According to data… Read More ›
China’s BYD and CATL defer building dedicated factory for Apple citing political tensions
According to three sources familiar with the knowledge at hand, Apple Inc’s negotiations with China’s BYD and CATL over battery supplies for its planned electric vehicle have stalled after the Chinese company refused to set up teams and build U.S. plants… Read More ›
EU adopts resolution to deepen economic ties with Taiwan
On Thursday, the European Union adopted a resolution to deepen economic ties with Taiwan. Interestingly, a similar deal with China has been put on hold. The European Parliament voted 580 to 26 votes, backing a non-binding resolution requesting the European… Read More ›
Britain boosts naval presence in Asia, midst rising tensions
In a significant development, Britain’s new aircraft carrier the HMS Queen Elizabeth made a pit stop in Singapore as part of a move to boost Britain’s military presence in Asia midst rising tensions in the region. The aircraft carrier led… Read More ›
Huawei’s CFO Meng Wanzhou returns to China in quid pro quo
In a significant development, Huawei’s Chief Financial Officer Meng Wanzhou arrived back in China after fighting U.S. extradition for around three years, in yet another sign of weakening global clout of the United States. The move also reflects a change… Read More ›
China’s irrational unilateral trade behavior against Taiwan casts shadow on its application to join CPTPP
Taiwan has threatened to drag China to the World Trade Organization following a statement from Beijing saying it would suspend the import of sugar apple and wax apple citing pest concerns. The move marks the latest spat between Democratic Taiwan… Read More ›
China pledges to open its capital markets to foreign investors
In a statement China’s top securities regulator said, Beijing plans on further opening its capital markets to foreign investors with an aim to pursue pragmatic cross-border cooperation to regulate overseas-listed Chinese companies. In recent months, global investors have been spooked… Read More ›
Unpredictable regulatory behavior makes investment in China unappealing: global fund managers
According to global fund managers, unpredictable behavior of China’s regulators make investing in China unappealing to foreign investors in the short-term. If Beijing were to make more meaningful reforms on data protection and reduce monopolistic practices by state-controlled companies will… Read More ›