Advertising firm Leo Group said it is applying to a Chinese court to freeze RMB 356 million ($55.06 million) in assets of Evergrande Group for overdue payments, the latest supplier to sue the indebted property developer, reported Reuters. Leo’s lawsuit disclosed in a securities filing late on Monday comes after Huaibei Mining Holdings said last week its construction […]
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The United States will raise concerns about China’s “coercion” in the South China Sea during ministerial meetings with Southeast Asian countries this week, yet will not force countries in the region to pick sides, a senior US official said on Monday, reported the South China Morning Post. US Secretary of State Antony Blinken will meet every day […]
Green energy themed exchange traded funds in China have outperformed other thematic and broad-based ETF strategies in the first half of 2021, amid signs of a shift in the economy towards greener energy and more environmentally friendly consumer products, reported the Financial Times. ETFs investing in green energy have dominated the list of best-performing ETFs […]
China’s government quietly issued new procurement guidelines in May that require up to 100% local content on hundreds of items including X-ray machines and magnetic resonance imaging equipment, erecting fresh barriers for foreign suppliers, three US-based sources told Reuters. Document 551 was issued on May 14 by the Chinese Ministry of Finance and the Ministry […]
China has updated its regulations on driverless car testing in an attempt to accelerate the commercialization of self-driving technology, reported Caixin. The revamped regulation, which was jointly published by the Ministry of Industry and Information Technology, the Ministry of Public Security and the Ministry of Transport on Friday, allows qualified firms to conduct trials of autonomous […]