BUSINESS

In a significant move that reflects growing concerns over China's financial stability, leading financial and ratings agency Moody’s has downgraded its outlook on the country’s credit ratings from stable to negative. The decision comes amid expectations that Beijing’s efforts to support local governments and state-owned enterprises could weaken the country’s

Beijing Continues to Open Up Financial Sector, But Tightens Control Over Foreign Investment
China is committed to opening up its financial sector, according to a State Council executive meeting...

France to Imprison Vaccine Passport-Defying Business Owners for up to 1 Year
Draft text of a new French law announced by President Emmanuel Macron on July 12 requiring citizens to...

Online Startup KakaoBank Challenges South Korea’s Traditional Banking System
South Korea’s traditional banking sector is facing stiff competition from emerging digital banking platforms...

Bitcoin Miners Flee China Amidst CCP Crackdown, Many Heading for Texas
China is responsible for around 70 percent of Bitcoin blockchain operations in the world, mostly concentrated...

Didi Investor Temasek’s Portfolio Value Surges as China Cracks Down on Companies, Calls for Protecting
Singapore-based Temasek Holdings has reported a 24.5 percent increase in its portfolio value for the...

Slowdown in Earnings, Nike Chief Executive Assures Beijing His Firm Is ‘A Brand of China’
Nike recently held a conference call with Wall Street analysts about the company’s fourth-quarter earnings...

US Media Accepting Millions to Publish China’s Propaganda, Justice Department Warns
Multiple American agencies have accepted millions of dollars from China Daily, a Chinese state-run news...

Growing ‘Lying Flat’ Movement Threatens to Derail China’s Ambitions
A growing sentiment in mainland China known as “lying flat” is threatening Beijing’s political and economic...

China Pursues Subnational State Deals to Circumvent the US Federal Government
Chinese state-run Global Times recently published an article that hailed American state governments and...