Archive for January 7th, 2021

China’s scrap-steel imports ‘symbolic’ after two-year ban lifted, will not reduce need for iron ore

07-Jan-2021 Intellasia | South China Morning Post | 6:02 AM

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

07-Jan-2021 Intellasia | South China Morning Post | 6:02 AM

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

07-Jan-2021 Intellasia | South China Morning Post | 6:02 AM

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

07-Jan-2021 Intellasia | TheSun | 6:02 AM

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

07-Jan-2021 Intellasia | South China Morning Post | 6:02 AM

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

07-Jan-2021 Intellasia | Reuters | 6:02 AM

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

07-Jan-2021 Intellasia | South China Morning Post | 6:02 AM

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

07-Jan-2021 Intellasia | South China Morning Post | 6:02 AM

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’

07-Jan-2021 Intellasia | Reuters | 6:02 AM

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

07-Jan-2021 Intellasia | South China Morning Post | 6:02 AM

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’

07-Jan-2021 Intellasia | South China Morning Post | 6:02 AM

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

07-Jan-2021 Intellasia | KoreaTimes | 6:02 AM

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

07-Jan-2021 Intellasia | South China Morning Post | 6:02 AM

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 says it will respond to planned Taiwan, US defence talks

07-Jan-2021 Intellasia | Reuters | 6:02 AM

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

07-Jan-2021 Intellasia | South China Morning Post | 6:02 AM

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