For the first time in more than 50 years, the Academy Awards will not be shown in Hong Kong at the end of April. TVB, the largest television broadcaster in Hong Kong, will not air the Oscars gala “for purely commercial reasons,” a spokesman for the broadcaster said. The moves came after “Do not split” […]
A look at the China Fashion Week in Beijing shows: Masks of all kinds – like this one from designer Janet Chen’s collection – not only protect against COVID. They are apparently becoming a prominent fashion accessory.
Huawei Technologies Co. Ltd. has been awarded a coveted Chinese non-banking payment license. This was reported by Caixin business magazine. Huawei obtained the license by acquiring Shenzhen payment firm Xunlian Zhipay from Shanghai Woruiou Information Technology Co. Ltd. A Huawei spokesman confirmed the purchase on Monday but did not provide details.After Xiaomi, Huawei is the […]
It’s about communication, such as Zoom meetings, which are currently taking place more frequently due to the pandemic. But also e-mails, films, and video calls. Control over the data traffic that results from this is now threatening to become the next conflict between the US and China. The trigger is a deep-sea cable that bears […]
Beijing relies on the purchasing power of its consumerist population to show foreign companies time and again what they stand to lose if they fall out of favor. Now it seems to have hit H&M, but Marcel Grzanna uses previous cases to show that among Chinese consumers, pragmatism is stronger than the political ideology of […]
China is said to be considering selling 500,000 tons of aluminum from state reserves. The Bloomberg news agency reported this, citing a source said to be familiar with the plans. On Tuesday, prices for the most heavily traded aluminum contract fell six percent to ¥16,480 ($2531) a ton on the Shanghai Futures Exchange.Aluminum prices on […]
Japanese industrial robot manufacturer Fanuc plans to invest $240 million in its Shanghai plant. The investment is to come about through a joint venture with Shanghai Electric Group. Fanuc’s site in Shanghai is set to grow fivefold from 340,000 square meters, and the new facilities are scheduled to go into operation in 2023.According to Chinese […]
Michael Kovrig went on trial Monday on espionage charges in Beijing. The former Canadian diplomat Kovrig has been imprisoned in China for more than two years, a fate he shares with Michael Spavor, also a Canadian.Both were charged with espionage last summer. As with Spavor, the public was excluded from Kovrig’s trial on the grounds […]
Expectations for the meeting between the foreign ministers of China and the United States in Alaska, which begins today, could not be more different. While the US side first wants to discuss security and human rights issues with its Chinese counterparts, the Chinese side speaks of an opportunity that Washington and Beijing should use to […]
