Chinese antivirus firm Qihoo 360 said CIA hackers have spent more than a decade breaking into the Chinese airline industry and other targets, a blunt allegation of American espionage from a Beijing-based firm, reported the South China Morning Post. In a blog post published on Monday in English and Chinese, Qihoo said it discovered the […]
Category: Law & Regulation
China must not let grain output decline this year, a government working group said on Tuesday, amid worries that measures to contain the ongoing coronavirus outbreak could hurt food security in the world’s most populous country, reported Reuters. Just weeks away from the start of spring planting, the central government’s work group on managing the […]
China’s financial regulators will allow the nation’s lenders to delay recognizing bad loans from smaller businesses reeling from the deadly coronavirus outbreak, giving temporary reprieve to trillions of RMB of debt, reported Caixin. Qualified small- and medium-sized businesses nationwide with principal or interest due between Jan. 25 and June 30 can apply for a delay to […]
China took over management of debt-laden HNA Group’s liquidity risks after the coronavirus outbreak scared off travelers and cut off the conglomerate’s main source of income, forcing the government to take extraordinary steps to contain the fallout from the epidemic, reported Caixin. The government of Hainan, the southern island province where HNA is based, appointed an executive […]
The numbers of infections and deaths in China are heading down, even as the numbers in other places are heading up, but the key issue now is when the Chinese economy will get back to something close to normal, and clearly it is going to be a slow process. Manufacturing in many parts of the […]