Jimmy Lai was the chief of the now-defunct Hong Kong tabloid Apple Daily. Now 77, he’s facing a life sentence in a national security trial in Hong Kong. He was arrested in August 2020 after the intense anti-China government protests of 2019. Jimmy Lai, once one of Hong Kong’s most outspoken media tycoons, has been…
A massive base in the southern part of the South China Sea has made China the country with the fastest response time to emergencies in the region, according to a study by Chinese scientists. “China’s accessibility [to a scene] for search and rescue operations has significantly improved after the incorporation of the Yongshu Reef port,”…
Germany’s federal prosecutor office said it arrested an American citizen on Thursday who allegedly spied for China. The office said that the suspect, who was only identified as Martin D., was arrested in Frankfurt and that his home was being searched. The accused, who until recently worked for the US Armed Forces in Germany, is…
Pharmaceutical giant AstraZeneca, whose China president is under investigation, was previously investigated for medical insurance fraud cases involving cancer medication sales, according to new Chinese media reports. The news comes after the British-Swedish company announced on its official website last week that its China chief Leon Wang was cooperating “with an ongoing investigation”, and its…
HONG KONG (Reuters) -Apple CEO Tim Cook said at a meeting with the Chinese government in Beijing that the U.S. company will increase investment in China and thereby contribute to supply chain development, state news agency Xinhua reported on Thursday. Cook met Minister for Industry and Information Technology Jin Zhuanglong on Wednesday, the ministry previously…
China’s major commercial banks have cut their deposit rates for a second time this year, a move that could help ease pressure on lenders’ profits after officials lowered mortgage and lending rates as part of efforts to boost the economy. Industrial & Commercial Bank of China and China Construction Bank Corp. and other big lenders…
Asia-Pacific’s private capital sector could get support from Chinese government stimulus as well as greater development of other financial markets in the region, according to data provider Preqin. China’s contribution to the region’s market for private capital has tumbled significantly in recent years, but stimulus measures and reforms from Beijing could spark a turnaround, said…
An EU-China trade war is “unavoidable” on current trends, according to Europe’s top business leader in the country, who said that Beijing’s own policies mean it could not be considered the “victim”. “A full-blown trade war looks more and more likely if nothing changes,” said Jens Eskelund, the chairman of the European Union Chamber of…
The explosive Chinese stock rally over the last month finally lost steam today after a press conference by Chinese officials failed to sustain investor exuberance over previously announced stimulus measures. Shares of the electric carmaker Li Auto (NASDAQ: LI) traded nearly 7.5% lower as of midday, while shares of the search giant and artificial intelligence…
We recently published a list of 7 Cheap Chinese Stocks To Invest In Now. In this article, we are going to take a look at where Baidu (NASDAQ:BIDU) stands against the other cheap Chinese stocks to invest in now. The Economy of China According to a report by the International Monetary Fund (IMF), China’s economy…