China’s Social Credit System

China's President Xi Jinping opens the 20th Chinese Communist Party Congress. Photo: Noel Celis/AFP via Getty Images A meeting of top Chinese Communist Party elites, held only once every five years, began on Sunday in Beijing. Why it matters: The gathered leaders at the 20th Party congress are expected to…

UK plant deemed inefficient and in need of major overhaul, says executive published : 15 Oct 2022 at 17:46 A Mini electric car rolls off the line at the BMW group plant in Cowley, near Oxford, England in 2019. The company is moving production of the cars to China. (AFP…

The All Progressives Congress (APC) has written to the Independent National Electoral Commission (INEC) to recognise Bashir Sheriff Machina as the party’s Yobe North senatorial district candidate. The APC, in a letter signed by the party’s national chairman, Abdullahi Adamu, directed INEC to publish Machina’s name on its portal as…

Posted inNews Feed Major chip makers Samsung, SK Hynix, and Intel obtained licenses for their factories in China this week as a reprieve from new US restrictions issued on Oct. 7, after negotiating with the Bureau of Industry and Security under the US commerce department, according to Chinese media outlet…

On Oct.7, the issued comprehensive restriction that bar companies from shipping advanced chips and chipmaking tools to China without a license. Credit: 123rf Since the US issued one of the broadest export controls on semiconductor technology to China in a decade last Friday, China’s semiconductor industry has seen its market…

Beijing wants to build ‘demonstration parks’ in China and the Philippines that would offer tax breaks and other incentives, while further integrating supply chains Amid US threats of decoupling, China is looking to shore up supply chains and maintain gains made under former president Rodrigo Duterte, experts say Read More

Jamie Crawley is a CoinDesk news reporter based in London. China's central bank digital currency (CBDC) reached the milestone of 100 billion yuan (US$13.9 billion) worth of transactions amid a slowdown in uptake, South China Morning Post (SCMP) reported Thursday, citing People's Bank of China (PBOC) data. This year, transaction…

Managers of popular retail shopping centres, Palace Mall and China Mall have this week abandoned their shops after failing to comply with the new electronic VAT system, which took effect from October 1, 2022. This however did not stop the enforcement team of the Ghana Revenue Authority from sealing and…

BEIJING, Oct. 11 (Xinhua) -- Chinese President Xi Jinping and German President Frank-Walter Steinmeier on Tuesday exchanged congratulations over the 50th anniversary of diplomatic relations between the two countries. Xi pointed out that over the past 50 years, China and Germany have adhered to the spirit of mutual respect and…

Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022.— ReutersShares in Chinese tech giants as well as in chipmakers slumped.China cut off from certain semiconductors made with US equipment.New regulations will pose major hurdles for Chinese memory chipmakers.Shares in Chinese…