Archive for August 22nd, 2020

Bank of East Asia interim profit jumps on efforts to contain bad loans from ill-fated strategy in mainland China business

22-Aug-2020 Intellasia | South China Morning Post | 6:02 AM

The Bank of East Asia (BEA) said efforts to arrest a surge in bad loans in its mainland China business are paying off, as earnings improved from its worst year in a decade [...] » More

US, China differ over plans for Phase 1 trade deal talks

22-Aug-2020 Intellasia | Reuters | 6:02 AM

The Trump administration on Thursday declined to acknowledge any plans to meet with China over the Phase 1 trade deal after the commerce ministry in Beijing said bilateral [...] » More

Beijing says residents can go mask-free as China COVID cases hit new lows

22-Aug-2020 Intellasia | Reuters | 6:02 AM

Health authorities in China’s capital Beijing have removed a requirement for people to wear masks outdoors, further relaxing rules aimed at preventing the spread the [...] » More

What’s behind China’s record floods?

22-Aug-2020 Intellasia | AFP | 6:02 AM

China has touted its massive dam network as a remedy for its devastating annual floods, but record deluges have once again killed hundreds of people and submerged thousands [...] » More

Water levels at China’s Three Gorges near maximum after flooding rains

Water levels at China’s Three Gorges near maximum after flooding rains

22-Aug-2020 Intellasia | Reuters | 6:02 AM

Water levels at China’s giant Three Gorges Dam on the Yangtze river are inching closer to their maximum after torrential rains raised inflows to a record high, official [...] » More

Coronavirus: Chinese vaccine giant quotes higher price for doses

22-Aug-2020 Intellasia | South China Morning Post | 6:02 AM

A Chinese state-owned pharmaceutical giant with two experimental Covid-19 vaccines in development has priced its doses much higher than its international competitors. Liu [...] » More

US-China relations: PLA Navy conducts live-fire exercise in East China Sea

US-China relations: PLA Navy conducts live-fire exercise in East China Sea

22-Aug-2020 Intellasia | South China Morning Post | 6:02 AM

The IndependentWarships from the People’s Liberation Army (PLA) have completed a three-day live-fire drill in the East China Sea, according to an official report. The [...] » More

Steve Bannon, ex-Trump adviser and China hawk, pleads not guilty after arrest over funds raised online to build border wall

22-Aug-2020 Intellasia | South China Morning Post | 6:02 AM

Steve Bannon, a former White House adviser and one of Washington’s most strident China hawks, pleaded not guilty on Thursday to charges that he and three others [...] » More

China’s Mars probe over 8 million km away from Earth

22-Aug-2020 Intellasia | Xinhua | 6:02 AM

China’s Mars probe Tianwen-1 has traveled more than 8 million km away from Earth and is functioning normally, according to the Lunar Exploration and Space Programme [...] » More

Alibaba posts 124 per cent gain in quarterly profit, sees China retail back to pre-pandemic levels

22-Aug-2020 Intellasia | South China Morning Post | 6:02 AM

E-commerce giant Alibaba Group Holding said it is closely monitoring the latest shift in US government policies towards Chinese companies, after the company posted a 124 per [...] » More

In US-China tech war, investors bet on China’s localisation push

22-Aug-2020 Intellasia | Reuters | 6:02 AM

As the US-China “tech war” widens, investors are betting on China’s efforts to replace US technologies with indigenous applications to run networks in the [...] » More

China’s Communist Party school told to ensure loyalty after outspoken academic purged

22-Aug-2020 Intellasia | South China Morning Post | 6:02 AM

Management of the Communist Party’s top academy has been told to take action to ensure staff and former staff remain loyal and to step up scrutiny of employees’ [...] » More

Scientists in China, US develop rewritable ‘silk drive’ that can be implanted in human body

22-Aug-2020 Intellasia | South China Morning Post | 6:02 AM

Scientists in China and the US have developed a novel storage medium made from silk proteins, an implantable material on which information can be written to, read from and [...] » More

Papua New Guinea bars Chinese workers in vaccine trial over virus risk paper

22-Aug-2020 Intellasia | Reuters | 6:02 AM

Papua New Guinea has denied entry to Chinese nationals who participated in a COVID-19 vaccine trial, the Australian newspaper said on Friday, as the Pacific nation battles a [...] » More

Chinese biotech CStone on course to launch lung cancer drug after successful clinical trial

22-Aug-2020 Intellasia | South China Morning Post | 6:02 AM

Competition in the fast-growing but increasingly crowded cancer immunotherapy market is heating up, with Shanghai-based CStone Pharmaceuticals aiming to seek approval by the [...] » More