Some unlicensed asset management companies are still operating in China, causing a "serious threat to financial stability", a top official of China's central bank on Saturday. ( read original story ...)
Sanctions on China’s top cotton supplier weave a tangled web for fashion brands
Retailers are rushing to trace supply chains before Treasury Department sanctions on the Xinjiang Production and Construction Corps take effect Sept. 30. ( read original story ...)
South Korea, China reaffirm plans for leaders’ summit
Senior South Korean and Chinese officials on Saturday reaffirmed plans to arrange a summit between their leaders “at an early date” once coronavirus concerns subside, Seoul’s presidential office said. ( read original story ...)
Mao’s China falsely claimed it had eradicated schistosomiasis – and it’s still celebrating that ‘success’ in propaganda today
New research shows China's claim to have eradicated this parasitic disease in the 1950s were false, and part of a big cover up. ( read original story ...)
A bubble? The stellar growth of China’s e-commerce upstart Pinduoduo
At $114bn, its market value is above HSBC – but questions remain about business model and if it will ever be profitable ... ( read original story ...)
Cyprus government has funds for two years – economist
The Cyprus government has maintained a prudent fiscal policy and amassed reserves to confront further crises or to provide extended support in the current one, economist Fiona Mullen of the ... ( read original story ...)
UAE finance firms’ Q2 profits soar to $240mln
UAE - The investment and finance firms listed on local capital markets in the UAE saw their profits jump to around AED885 million ($240.93 million) during Q2-2020 from as little as AED13 million only ... ( read original story ...)
Thailand’s Protesters Stray Into Taboo Territory
By highlighting societies’ worst flaws and battering economies, the coronavirus pandemic has fueled protests across the globe. In Thailand, that’s been compounded by discontent with continued rule by ... ( read original story ...)
China’s consumer finance firms report growing client base
China's consumer finance firms reported a steady expansion in their client base as small-sum and convenient loans continued to gain popularity, according to an industry report. ( read original story ...)
China’s unlicensed asset management firms still a threat, c.bank exec says
Some unlicensed asset management companies are still operating in China, causing a "serious threat to financial stability", a top official of China's central bank on Saturday. Fan Yifei, vice governor ... ( read original story ...)