Archive for January 29th, 2021

Beijing to expand blacklist of overseas gambling destinations for Chinese tourists

29-Jan-2021 Intellasia | South China Morning Post | 6:52 AM

Beijing will add more overseas gambling destinations to its travel blacklist for Chinese nationals as it clamps down on an activity that it says sees an estimated 1 trillion [...] » More

In multiple messages, Biden warns Beijing over expansionism

29-Jan-2021 Intellasia | AFP | 6:52 AM

One week into the job, US President Joe Biden has sent a clear warning to Beijing against any expansionist intentions in East and Southeast Asia. In multiple calls and [...] » More

An epic bubble might be building, but it’s less frothy in China, investor says

29-Jan-2021 Intellasia | CNBC | 6:52 AM

While there may be signs of a bubble forming in global markets, that frothiness is less likely in China, the chair of Chinese investment management firm Citic Capital told [...] » More

China 2020 fiscal spending up 2.8pct y/y, revenue falls 3.9pct

29-Jan-2021 Intellasia | Reuters | 6:52 AM

China’s fiscal revenue fell 3.9 percent in 2020 from a year earlier, while expenditure rose 2.8%, the finance ministry said on Thursday, underscoring the difficulties [...] » More

Shanghai banks on big-ticket foreign direct investments to achieve ambitious growth and employment targets

29-Jan-2021 Intellasia | South China Morning Post | 6:52 AM

Shanghai, the mainland’s commercial and financial capital, riding high on the success of Tesla’s Gigafactory 3, is on the lookout for more foreign direct [...] » More

China’s Sinopharm, Sinovac Covid-19 vaccines assessed by WHO for emergency use

29-Jan-2021 Intellasia | South China Morning Post | 6:52 AM

Coronavirus vaccines developed by Chinese firms Sinovac and Sinopharm are being reviewed for emergency use by the World Health Organization, potentially opening the door to [...] » More

US-China tech war: former Google chief and others call for action to handle ‘asymmetric competition’ from Beijing

29-Jan-2021 Intellasia | South China Morning Post | 6:52 AM

An American group led by former Google CEO Eric Schmidt has produced a report that says Washington needs to manage “asymmetric competition” with China when it [...] » More

US stresses South China Sea support amid China ‘pressure’

29-Jan-2021 Intellasia | Aljazeera | 6:52 AM

Secretary of State Antony Blinken has reaffirmed the United States commitment to the support of Southeast Asian nations in a long-running dispute with China over sovereignty [...] » More

China’s demand for electric cars drives cobalt prices to highest level in two years

29-Jan-2021 Intellasia | South China Morning Post | 6:52 AM

Cobalt prices have soared by about a quarter since the start of the year, driven by the push for electric cars in China and the European Union, as well as Chinese [...] » More

China reports a growing shortage of factory workers

29-Jan-2021 Intellasia | CNBC | 6:52 AM

Manufacturers in China are finding it more difficult to hire workers. The government’s fourth-quarter list of 100 jobs with the greatest labour shortage showed [...] » More

With China’s treatment of Muslim Uighurs determined to be genocide, Biden administration under pressure to act

29-Jan-2021 Intellasia | CBSNews | 6:52 AM

Newly confirmed Secretary of State Antony Blinken did not hesitate to express his agreement with a determination made on the last day of the Trump administration that [...] » More

Baidu gets California nod for testing empty self-driving cars

29-Jan-2021 Intellasia | Reuters | 6:52 AM

Baidu Inc has received a permit from the state of California to test self-driving cars without a driver behind the wheel, the state’s Department of Motor Vehicles said [...] » More

China-US tension: Xi tells World Economic Forum competition is for pursuing excellence-not killing off a rival

China-US tension: Xi tells World Economic Forum competition is for pursuing excellence-not killing off a rival

29-Jan-2021 Intellasia | South China Morning Post | 6:52 AM

With just a few glimpses of the possible trajectory of Sino-US relations in the Biden era, Chinese President Xi Jinping acknowledged there was rivalry between the two [...] » More

China wants to work with foreign peers on anti-trust issues, central bank vice governor says

29-Jan-2021 Intellasia | Reuters | 6:52 AM

China’s regulators want to step up exchanges with international counterparts and strengthen cooperation on anti-trust issues, data treatment and consumer protection, [...] » More

Coronavirus: Chinese President Xi Jinping ‘worried and concerned’ about HK’s Covid-19 fourth wave in first virtual meeting with city leader Carrie Lam

Coronavirus: Chinese President Xi Jinping ‘worried and concerned’ about HK’s Covid-19 fourth wave in first virtual meeting with city leader Carrie Lam

29-Jan-2021 Intellasia | South China Morning Post | 6:52 AM

Chinese President Xi Jinping held an unprecedented virtual meeting with Hong Kong’s leader on Wednesday to hear her annual work report, telling Chief Executive Carrie [...] » More