Archive for January 7th, 2021
China’s scrap-steel imports ‘symbolic’ after two-year ban lifted, will not reduce need for iron ore
China’s first deals to import scrap steel since lifting a two-year ban on it last week are “symbolic” and do not signal that the country is set to [...] » More
China to relax rules on cross-border yuan use, as currency hits 30-month high against US dollar
Beijing will make it easier for traders, multinational companies and outbound investors to use the yuan in international transactions, after the Chinese currency rallied to a [...] » More
Coronavirus: China says it can produce 1 billion doses of a Sinopharm vaccine this year
China can produce 1 billion doses this year of the newly approved vaccine against Covid 19 developed by Beijing Institute of Biological Products, a subsidiary of the [...] » More
China orders military to be ready for war ‘at any second’ as Brit aircraft carrier prepares to sail to South China Sea
CHINA has told its military to be ready to “act at any second” amid rising tensions over disputed territories in the South China Sea. It comes as the UK’s [...] » More
Huawei expected to drop to seventh globally in smartphone production amid US sanctions: report
Huawei Technologies Co. is predicted to fall from its current position as the third-largest smartphone maker to seventh place in 2021 amid US sanctions, even as the industry [...] » More
China steps up COVID curbs near Beijing as infections rise
Chinese authorities on Wednesday imposed travel restrictions and banned gatherings in the capital city of Hebei province, which surrounds Beijing, in the latest escalation of [...] » More
China says US sanctions have no ‘legal effect’ in HK or China, but analysts urge caution
After China’s banking and insurance regulator claimed US financial sanctions have no “legal effect” in Hong Kong or China, analysts have warned that [...] » More
Ex-chair of China Huarong Asset Management sentenced to death for bribery
The former chair of one of China’s top four state asset managers was sentenced to death on Tuesday for accepting 1.79 billion yuan (US$277 million) in bribes. Lai [...] » More
COVID-19 fight in China’s Hebei enters ‘wartime mode’
The fight to contain the coronavirus in northern China’s Hebei has entered “wartime mode”, official media reported on Tuesday, after the province [...] » More
KFC’s China rival Dicos goes green as it uses Li Ka-shing-backed Eat Just’s plant-based substitute for eggs
Eat Just, a San Franciscan start-up backed by Hong Kong billionaire Li Ka-shing, said on Wednesday that one of China’s largest fast food chains will completely replace [...] » More
China-India border dispute: PLA ‘has built frontline observation post’
The Chinese military has said for the first time that it has established a fully fledged strategic observation post near its high-altitude border with India. A 10-minute [...] » More
China’s role vital in preventing provocation, resuming diplomacy with N Korea
President Moon Jae-in has paid a lot of attention to improving relations with China through an active summit diplomacy with Chinese President Xi Jinping, following the [...] » More
Yum China, operator of KFC and Pizza Hut, vows to cut harmful plastic packaging by almost a third
Yum China Holdings, one of China’s largest restaurant operators, is aiming to cut its use of environmentally harmful plastics by almost a third in the next five years [...] » More
China says it will respond to planned Taiwan, US defence talks
China said on Wednesday it would make a “necessary response” to a planned military dialogue between the United States and Chinese-claimed Taiwan, saying it firmly [...] » More
China’s digital currency trial returns to Shenzhen for round two, with twice the participants and double the payout
Shenzhen, China’s technological hub, will start its second trial of the nation’s digital currency this week, giving away virtual gift packets to its citizens as [...] » More
