Archive for August 21st, 2019

China’s central bank is cutting interest rates by stealth

21-Aug-2019 Intellasia | CNN | 6:02 AM

Central banks around in the world are cutting interest rates to head off recession. China is now joining them, but in a roundabout way. On Saturday, the People’s Bank [...]
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Twitter discloses China-backed interference in HK protests

21-Aug-2019 Intellasia | Reuters | 6:02 AM

Twitter Inc said on Monday nearly a 1,000 accounts originating from China were “deliberately and specifically attempting to sow political discord in Hong Kong” as [...]
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13 Chinese tourists killed as bus plunges into ravine in Laos

21-Aug-2019 Intellasia | AFP | 6:02 AM

At least 13 Chinese tourists were killed and dozens injured when their bus skidded off the road and plunged 30 metres into a ravine in Laos, a police officer said Tuesday. [...]
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China lowers interest rate as part of market-oriented reform amid slowing economy

21-Aug-2019 Intellasia | South China Morning Post | 6:02 AM

China lowered its lending reference rate through a new market-oriented pricing mechanism on Tuesday, providing a modest easing of monetary conditions to help support the [...]
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China accused of using Twitter, Facebook against HK protests

21-Aug-2019 Intellasia | AFP | 6:02 AM

Twitter and Facebook said Monday they had uncovered a campaign by China to use the social media platforms against pro-democracy protests in Hong Kong. “We are [...]
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China now strong enough for a surprise move in the Indo-Pacific

21-Aug-2019 Intellasia | DefenseNews | 6:02 AM

China is gaining an increasingly favourable military position in the Indo-Pacific, leaving the United States no longer able to enjoy military primacy in the region, a new [...]
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Baidu Q2 revenue beats expectations but profit drops

21-Aug-2019 Intellasia | AFP | 6:02 AM

Chinese internet giant Baidu regained momentum during the second quarter, posting better-than-expected revenue on Tuesday thanks to strong traffic growth, though it also [...]
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Creditors sell dragon shaped Pangu office tower on Taobao for a steep discount to recover debt owed by fugitive Guo Wengui

21-Aug-2019 Intellasia | South China Morning Post | 6:02 AM

An iconic Beijing office tower in the shape of a dragon’s head has been sold for a discount during an online auction, as bankers and creditors succeeded on their third [...]
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Nobel Peace Prize for Trump at stake with Xi meeting in HK

21-Aug-2019 Intellasia | TaiwanNews | 6:02 AM

US president should hold a summit in the territory with China’s leader to address five key issues The United States and China have become entangled in a number of [...]
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Britain ‘concerned’ by reports HK consulate employee detained in China

21-Aug-2019 Intellasia | AFP | 6:02 AM

Britain’s Foreign Office said Tuesday it was “extremely concerned” by reports that a Hong Kong consulate employee had been detained by mainland Chinese [...]
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Yuan wobbles on Trump trade comments, details of China rate reforms awaited

21-Aug-2019 Intellasia | Reuters | 6:02 AM

The yuan wavered on Monday after US President Donald Trump said he was not ready yet to make a trade with China.Traders were also cautious ahead of the debut of China’s [...]
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Beijing won’t make trade concessions if US plays HK card, Chinese state media says

Beijing won’t make trade concessions if US plays HK card, Chinese state media says

21-Aug-2019 Intellasia | South China Morning Post | 6:02 AM

The United States should not link trade negotiations with China to the Hong Kong protests, Chinese state media has said, denouncing such a move as a miscalculation. Chinese [...]
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Urgency for vaccine grows as virus ravages China’s pigs

21-Aug-2019 Intellasia | AP | 6:02 AM

Scientists are working to develop a vaccine to help guard the world’s pork supply as a deadly virus ravages Asia’s pig herds. Farmers have long contained its [...]
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US gives Huawei 90 day reprieve on ban

21-Aug-2019 Intellasia | AFP | 6:02 AM

The Trump administration gave Huawei Technologies a 90-day reprieve Monday from a ban on doing business with US companies, as high-stakes trade talks between Washington and [...]
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UPDATE 3-Twitter, Facebook accuse China of using fake accounts to undermine HK protests

21-Aug-2019 Intellasia | Reuters | 6:02 AM

Twitter Inc and Facebook Inc said on Monday they had dismantled a state-backed social media campaign originating in mainland China that sought to undermine protests in Hong [...]
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