Beijing, November 21, 2023- Baidu, China’s leading search engine company, experienced a significant surge in revenue during the June quarter, Baidu said on November 21. While some analysts said the increase was caused by China’s ChatGPT rival Ernie, a Bloomberg news report suggested the surge was driven by a recovery in advertising and consumer spending […]

Beijing, Monday, February 26, 2024 – On Thursday, February 22, the People’s Bank of China announced a significant cut to the five-year loan prime rate (LPR), the largest since the reference rate’s introduction in 2019. This move comes amidst China facing a deepening economic crisis and growing deflationary pressures, and it aims to stimulate borrowing […]

Catenaa, Tuesday, December 10, 2024 – China’s leaders on December 9 announced a significant pivot in economic policy, adopting bolder measures to address slowing growth and prepare for 2025, while tensions with the US over trade and technology continue to escalate.  The Politburo, the nation’s top decision-making body led by President Xi Jinping, pledged to […]

London, Thursday, June 6, 2024 – A promotional seminar targeting the second China International Supply Chain Expo (CISCE) was held on May 24, 2024, in London. Over 150 representatives from UK and Chinese firms, enterprises, and media companies have participated in the seminar. The second CISCE will be held in Beijing from November 26 to […]

BEIJING. Wednesday, January 17– On Friday, December 22, China’s introduction to new rules targeting in-game spending and rewards, aims to curb video game addiction and promote healthy habits among young people. About 10 out of the 64 articles include updated or new guidelines, marking the most significant regulatory alterations since additional restrictions were imposed on […]

Thursday, May 24, 2024 – The competition for dominance in the global semiconductor industry is intensifying, fueled by billions of dollars in investments from both the United States and China. The US allocated USD 32.8 billion under its CHIPS Act to boost Semiconductor and Chip production, while China set aside a staggering USD 142 billion. […]

Catenaa, Wednesday, November 27, 2024-A federal appeals court on Tuesday overturned US Treasury sanctions against Tornado Cash, ruling that the crypto privacy tool cannot be classified as foreign property under sanction laws. The decision, made by the 5th U.S. Circuit Court of Appeals, emphasized that Tornado Cash’s immutable smart contracts are software, not entities subject […]

Thursday, May 30, 2024 – The Hong Kong Monetary Authority (HKMA) announced on May 17, 2024, their integration with the People’s Bank of China (PBoC) to enable the set-up and use of e-CNY wallets for cross-border payments between Hong Kong and the Mainland in China, exclusively for Hong Kong residents. The launch of an e-CNY […]

London, Monday, February 12, 2024 – Global index provider MSCI announced on Monday, February 12, a shakeup of its flagship MSCI-China Index and said it had removed 66 companies deemed non-compliant with its sustainability criteria. This is the largest single-quarter removal in at least two years and reflects the ongoing struggles of Chinese equities. MSCI […]

Catenaa, Friday 22, 2024-The Shanghai High Court has ruled that cryptocurrencies possess “property attributes” under Chinese law, affirming their value as virtual commodities. However, the court also maintained China’s strict prohibition on the commercial use of cryptocurrencies, such as token issuance and speculative trading.  The ruling arose from a legal dispute between an agricultural development […]