Lujiazui Business Districk in Pudong, Shanghai, China. Liqun Liu | Construction Photography | Hulton Archive | Getty Images SINGAPORE — As China seeks to entice back foreign capital amid dwindling inbound investment, global investors eyeing opportunities in the country remain wary of more fundamental constraints: Beijing’s iron grip on capital flows and lack of policy…
Osmond ChiaBusiness reporter, Singapore and Liv McMahonTechnology reporter Metropolitan Police Zhimin Qian, also known as Yadi Zhang, was convicted on Monday A Chinese national has been convicted following an international fraud investigation which resulted in what’s believed to be the single largest cryptocurrency seizure in the world. The Metropolitan Police says it recovered 61,000 bitcoin…
When Hou Yujie isn’t convincing customers to rent traditional Chinese clothing for photos at the country’s famous Forbidden City, she and her friends are checking stocks. Hou recently put 10% of her money in the market. In just a few days, she earned one month’s salary — and she’s thrilled. “Interest rates for bank deposits…
China’s car makers like BYD are fast gaining traction in the South African market South Africa is in talks with Chinese car makers to encourage them to invest in local production, with one manufacturer showing strong interest in building cars locally, a senior government official said. Africa’s most developed car manufacturing hub is at an…
Xiaomi is a new entrant in the electric vehicle market, but is already turning heads In 2021, when Audi executives first saw the Zeekr 001, a long-range electric vehicle with European aesthetics, it was a wake-up call for the premium German car brand — if it wanted to compete with the Chinese, it needed their…
South Africa is in discussions with several Chinese automakers to encourage them to invest in local production, according to Zuko Godlimpi, the deputy minister of trade, industry, and competition. Godlimpi told members of parliament that one company has already shown significant interest in establishing a manufacturing plant in either East London or Gqeberha. Read: The…
Shanghai — A Chinese woman trapped in a locked room for 30 hours was finally rescued after she flung a pillow bearing a message written in her own blood out of a window, according to a local government statement. The woman, only identified by her surname Zhou, was cleaning a guesthouse in western China’s Sichuan…
President Donald Trump’s latest comments about allowing hundreds of thousands of Chinese international students into the U.S. have drawn criticism from some of the most outspoken members of the Republican Party. Ahead of his meeting with South Korean President Lee Jae Myung at the White House on Monday, Trump told reporters that he plans to…
The strategic role of Mauritius as an investment gateway to Africa and a trusted partner for Chinese enterprises seeking to expand their footprint therein was at the core of exchanges during a courtesy call by a high-level delegation from the business community of the People’s Republic of China on the Minister of Financial Services and…
The United States deployed two warships Wednesday to a shoal in disputed waters in South China Sea, where two Chinese ships collided earlier in the week while chasing a smaller Philippine ship. The high-seas accident raised concerns about maritime safety and questions about the extent to which the U.S. should involve itself in longstanding tensions between…
