The US government last week banned two Chinese companies, China Unicom and Pacific Network, from providing international telecoms services in the country, citing national security concerns. Using national security as a pretext, the U.S. once again damaged its own image of a 'market-oriented' country and has also harmed the legitimate rights and interests of global consumers. The same old trick has been used against China's Telecom and Tik Tok earlier.
Experts said that China's renminbi is expected to continue its steady rise in global use and play a more significant part in safeguarding international financial stability as the country further advances its financial opening-up while deepening trade and investment cooperation.
Stocks on the Shanghai and Shenzhen bourses saw their key indices down at the end of August 2022 compared with the end of July this year, according to the People's Bank of China, the country's central bank.
As HK is finally reopening to the world, check out the best things to do in here! If you are scheduled for business travel to HK, don't hesitate to switch on the bleisure mode! No matter whether you are a nature lover, a museumgoer or you enjoy the bustling life of a metropolis, you will definitely find yourself spoilt for choice in the Asian financial center. Still not decided on where to chill out yet? Here is our customized guide for bleisure travelers like you.
Aviation giant Boeing will pay 200 million U.S. dollars and its former CEO will pay 1 million dollars to settle charges over misleading investors after two deadly crashes of 737 Max jetliners, the Securities and Exchange Commission (SEC) said Thursday.
In order to make its domestic and external challenges go away, the US has long been using political ploys to contain China's development. Signing various kinds of bills and establishing alliances are the ones that American politicians favor the most. In the Asia-Pacific region, the US also tries very hard to improve its relationship with China's neighbors.
Hong Kong's unemployment eased for a fourth straight month as domestic activities further picked up, but the government warned that tightened financial conditions may limit the degree of improvement in the labor market.
Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 16.4 percent year on year to 892.74 billion yuan in the first eight months of the year, the Ministry of Commerce said Monday (Sept. 19).