Some state-run Chinese businesses are limiting their employees’ use of Tencent-owned messaging app Weixin, known in English as WeChat, citing security issues, reports The Wall Street Journal. This week, managers at at least nine state-run companies, including some of the nation’s largest, such as China Mobile, China Construction Bank and China National Petroleum, told employees […]
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China’s largest grid company will set up a forum that will facilitate widespread trading of energy between provinces, part of the government’s attempts to level out supply and increase access to clean energy, reports Bloomberg. The new spot market to allow generators and their customers to buy and sell electricity will be hosted on the […]
There were various interesting developments this week, including data showing that EU China-related M&A deals were down 63% in 2020 due to increased security screening and restrictions, and it was reported that China has started dramatically limiting the amount of public information available on shipping movements—15 million ships were recorded as being in Chinese waters […]
The number of deals between China and Europe has fallen dramatically over the last two years, according to a report from the European Commission that indicates there are still governments that haven’t implemented increased screening of foreign deals and investments, reports Bloomberg. While 24 nations either have rules in place or are working on them, three […]
Recent setbacks for US-based video game creators Roblox and Epic Games within mainland China indicate that the nation is moving towards a future where its metaverse—said by enthusiasts to be the next generation of the internet—could be shut off to foreign companies, reports the South China Morning Post. Roblox and Epic Games have both made […]