China has agreed at a high-level meeting with the United States to work together on improving a relationship that has hit rock bottom, but despite the “constructive” talks, both sides stuck to their guns over key disputes, with the Chinese doubling down on a national security law for Hong Kong, reported South China Morning Post. At their meeting in […]
Category: Brief
Yum China is in talks with banks about a Hong Kong secondary offering, in what would be the latest in a flurry of US-listed Chinese companies choosing to raise money in the city, reported the Financial Times. The company, which operates KFC, Pizza Hut and Taco Bell restaurants in China, will invite investment banks to […]
The number of financial corruption cases investigated by the CCDI last year surged to 178, including high-profile officials, reported Caixin. China’s top graft buster detained 22 financial officials in 2019 in corruption investigations involving more than RMB 1.5 billion ($212 million), the oversight agency reported in a video. The inspection team of the Central Commission […]
The State Grid, China’s biggest electricity distributor, has announced plans to invest RMB 24.7 billion ($3.5 billion) in digital infrastructure in 2020 amid efforts to revitalize the economy with investment in “new infrastructure” that supports tech-based projects, reported Caixin. In order to promote the implementation of the investment plan, the State Grid has signed strategic cooperation agreements with […]
Beijing will write off all interest-free loans advanced to African countries that are due this year, Chinese President Xi Jinping announced on Wednesday, reported the South China Morning Post. China will also build hospitals and send more medical experts to Africa to aid in the coronavirus fight, Xi said in speaking at the Extraordinary China-Africa […]