China’s Social Credit System

Germany appears to have been the big winner from the EU's newly announced chip project, picking up about half of the public funding on offer. But one company not winning is chipmaker Nexperia, which has reportedly been refused subsidies by the German authorities because of its China connection. The European…

HONG KONG/SHANGHAI :Credit Suisse and a joint venture partner are seeking buyers for their China securities brokerage business due to the Swiss bank's takeover by rival UBS, said two people with direct knowledge of the matter. Citigroup had at one point shown interest in acquiring Credit Suisse Securities China (CSS),…

BEIJING: Thousands of people were evacuated from several high-rise apartment buildings in the northern Chinese city of Tianjin in recent days after land collapses created large cracks on nearby streets, according to state media and the local government. Large fissures appeared on roads near a residential complex in Tianjin's Jinnan…

Secretary for Health to lead delegation to visit Shanghai *********************************************************      The Secretary for Health, Professor Lo Chung-mau, will lead a delegation to Shanghai today (June 8) for a three-day visit starting tomorrow (June 9) and participate in the China Organ Donation Day event organised by the China Organ Transplantation…

BEIJING/HONG KONG: China's largest commercial property developer Dalian Wanda Group on Thursday (Jun 8) said it is appealing a court decision to freeze 1.9 billion yuan (US$266.23 million) worth of shares it owns in a subsidiary. The group in a statement said it "is confident it will defend its legitimate rights".…

AUD/USD fades upside momentum at the highest levels in three weeks, prods intraday low of late. China trade surplus eases, imports increase but exports drop in May. 61.8% Fibonacci retracement prods Aussie buyers amid overbought RSI conditions. Sellers need validation from convergence of 200-SMA, 50% Fibonacci retracement level. AUD/USD bulls…

China already had much control over the  Strait of Hormuz through its all-encompassing 25-year deal with Iran. Through a deal between Iran and Oman, China increases its influence over key transit routes for oil in the Gulf of Oman. The re-ordering of the alliances of the major Middle Eastern oil…

Despite underwhelming economic data from China that have depressed oil market sentiment in recent weeks, no one has made any material downward revisions to their forecasts for China’s oil demand growth. In light of the underwhelming Chinese recovery, the authorities could opt for additional fiscal stimulus and policy easing to…

Saudi Aramco’s development of the Iraqi Akkas project could provide much-needed gas for Iraq’s power generation sector. Saudi Aramco may not see the same difficulties in Iraq’s oil sector as Western companies have. The gas supplied from the Akkas project and corollary developments would finally allow for the full-scale development…

Published June 4, 2023 11:48pm WASHINGTON — A Chinese warship came within 137 meters of a US destroyer in the Taiwan Strait in "an unsafe manner," US military officials said, as China blamed the United States for "deliberately provoking risk" in the region. US and Canadian navies on Saturday were…