China’s Ministry of Industry and Information Technology (MIIT) has warned telecommunications companies, internet of vehicles (IoV) manufacturers and relevant service providers that they must increase data security, reports the South China Morning Post. The regulatory push could see increased compliance costs for auto firms operating in China. The MIIT, one of China’s top government bodies […]
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The Chinese Ministry of Finance has extended tariff exemptions for 81 products imported from the United States by seven months, reports Reuters. The exemptions for items including some shrimp and electric vehicle batteries had been due to expire on Thursday but have been extended until April 16, 2022. China has routinely made such extensions as part […]
China’s top coal producers have pledged to buy more green energy via the country’s recently launched trading program, which aims to facilitate the transition away from high-emission energy sources such as coal, reports Caixin. A total of 12 state-owned coal companies signed the pledge on Tuesday, including China Energy Investment Corp, Jinneng Holding Shanxi Coal […]
China has made a formal application to enter the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a transpacific trade pact originally designed by Washington to limit Beijing’s growing economic and political influence in the region, reports the Financial Times. The predecessor of the CPTPP was the Trans-Pacific Partnership, a trade agreement signed in 2016 […]
Struggling property developer China Evergrande Group’s main unit, Hengda Real Estate Group, applied on Thursday to suspend trading of its onshore corporate bonds following a rating downgrade, as the country’s second-largest property developer wrestles with a liquidity crisis, reports Reuters. According to the South China Morning Post, three yuan-denominated bonds valued at RMB 28.2 billion […]