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China's white paper on Taiwan sparks international reaction
China's Reunification in the New Era has attracted attention not only from two sides of the Taiwan Straits but also the international community as it has outlined China's plan for post-reunification governance over the island and shows China's plans for ...
Updated: 08/12/2022
Huobi founder in talks to sell majority stake for $2 billion
... negotiations with Li regarding the sale, and so far, FTX spokespeople didn't want to say anything. In 2013 the company launched Huobi Global and became one of the largest exchanges of criptocurrencies. It lost momentum when it shut down operations in China in November 2021. The Chinese government deemed the transactions of cryptocurrencies illegal. The decision hit Huobi harder than any other exchange, as China was Huobi 's primary market. The exchange has expanded overseas to countries like Turkey ...
Updated: 08/12/2022
Tim Hortons opens two outlets in Delhi, but there’s a catch
... in Punjab after Delhi, according to company sources. The management will come up with 120 stores in the next three years and expand to 250 -- 300 more in the next five years. India is a crucial market for Tim Hortons after getting a good response in China, Saudi Arabia, and the UK. The Indian coffee market is expected to reach $4.2 billion in size by the year 2025, according to data from GlobalData , with out-of-home consumption accounting for about 20 per cent. The coffee retail chain market is ...
Updated: 08/12/2022
China's new bank lending falls more than expected in July
BEIJing New bank lending in China fell more than expected in July, as the COVID flare-ups, worries about jobs and a deepening property crisis made companies and consumers more wary of taking on more debt. BEIJING New bank lending in China fell more than expected in July, as the ...
Updated: 08/12/2022
China's banks to help banks deliver unfinished housing projects
BEIJing China's bank and insurance regulator will meet reasonable financing demand by property developers, according to the 21st Century Business Herald on Friday. BEIJING China's bank and insurance regulator will guide banks in the delivery of unfinished housing ...
Updated: 08/12/2022
Germany's Uniper to swap Australian LNG for US gas
... potential supply. Uniper is committed to bringing in additional or redirecting existing cargoes to Germany. Australia's volumes could be traded against volumes originating in the U.S. and are currently in the Atlantic and are destined for Asian buyers in China, India and Japan, a company spokeswoman said. The spokesperson said that they may make use of that facility in the coming winter, in case volumes are needed for Europe, in order to give details of timings and volumes. Uniper , which has a big wholesale ...
Updated: 08/11/2022
Plastics prices in US likely to fall below pre-pandemic highs
... fall from their post-pandemic highs amid rising production and slowing demand, which is good news for consumers, such as auto manufacturers who have been struggling with surging raw material inflation since the height of the Covid 19 epidemic. None of China has Painted Itself into a Semiconductor Corner The contract price for high density polyethylene or HDPE, a closely watched benchmark in the plastics industry, is expected to decline this year, according to industry analysts. Since the beginning ...
Updated: 08/11/2022
China condemns Lithuanian official's visit to Taiwan
Foreign ministry spokesperson Wang Wenbin denounced a Lithuanian official's visit to China's Taiwan region, warning that China will take resolute countermeasures. Foreign ministry spokesperson Wang Wenbin denounced a Lithuanian official's visit to China's Taiwan region, warning that China will take resolute countermeasures. According ...
Updated: 08/11/2022
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