Sunday, December 16, 2018

China holds the cards as online betting booms in the Philippines

China holds the cards as online betting booms in the Philippines

Online casinos have gone on a hiring spree for Chinese nationals, to cater to their biggest group of customers The Duterte administration is developing warmer relations with Beijing, but debate on the influx of workers continues before next year’s midterms By Phila SiuSarah Zheng 15 Dec 2018 Philippines online gambling firm Oriental Game mainly targets…
China’s central bank keen to avoid ‘irrational panic’ despite economic slowdown, says governor

China’s central bank keen to avoid ‘irrational panic’ despite economic slowdown, says governor

China’s central bank will continue to fine-tune its monetary policy in a timely manner to better offset the slowdown in the country’s economy and look to maintain the stability of yuan exchange rate by closely monitoring cross-border capital flows to avoid “herd behaviour and irrational panic”, People’s Bank of China governor Yi Gang said on…
Canada Goose delays opening its first China flagship store amid tension over Canada’s role in the arrest of Huawei’s executive

Canada Goose delays opening its first China flagship store amid tension over Canada’s role...

High-end down jacket maker Canada Goose is postponing the opening of its first flagship store in China – the world’s largest luxury market – amid growing tensions between Beijing and Ottawa following the arrest of Huawei chief financial officer Sabrina Meng Wanzhou. The fashionable parka brand cited “ongoing construction” to the South China Morning Post…
Canada Goose delays opening its first China flagship store amid tension over Canada’s role in the arrest of Huawei CFO Sabrina Meng Wanzhou

Canada Goose delays opening its first China flagship store amid tension over Canada’s role...

High-end down jacket maker Canada Goose is postponing the opening of its first flagship store in China – the world’s largest luxury market – amid growing tensions between Beijing and Ottawa following the arrest of Huawei chief financial officer Sabrina Meng Wanzhou. The fashionable parka brand cited “ongoing construction” to the South China Morning Post…
China economic work conference: how will Beijing combat US trade war impact on 2019 domestic economy?

China economic work conference: how will Beijing combat US trade war impact on 2019...

In December each year, security around the Jingxi Hotel in Beijing increases dramatically, indicating that China’s most important economic policy decision-making event is taking place. The army-run hotel, 3km west of the Communist Party headquarters of Zhongnanhai, is the regular location for the Central Economic Work Conference (CEWC), which will be attended by the likes…
Beijing’s small businesses face uncertain short-term future due to tighter tax rules despite vow to reduce burdens

Beijing’s small businesses face uncertain short-term future due to tighter tax rules despite vow...

Small businesses in Beijing face an uncertain short term future when a tighter tax collection method comes into force next year, according to a corporate legal and tax consultant in the Chinese capital. From January 1, small privately-owned businesses will have to pay their business rates based on their actual accounts, rather than the current…
Beijing’s small businesses face uncertain short-term future due to tighter tax rules despite China’s government vowing to reduce overall burdens

Beijing’s small businesses face uncertain short-term future due to tighter tax rules despite China’s...

Small businesses in Beijing face an uncertain short term future when a tighter tax collection method comes into force next year, according to a corporate legal and tax consultant in the Chinese capital. From January 1, small privately-owned businesses will have to pay their business rates based on their actual accounts, rather than the current…
Can Huawei’s founder Ren Zhengfei, who survived a famine, weather Donald Trump?

Can Huawei’s founder Ren Zhengfei, who survived a famine, weather Donald Trump?

At the sprawling Huawei Technologies campus in Shenzhen, the food court’s walls are emblazoned with quotes from the company’s billionaire founder and CEO Ren Zhengfei. Then there’s the research lab that resembles the White House in Washington. Perhaps the most curious thing, though, are three black swans paddling around a lake. For Ren, a former…
Central bank deputy governor: STO business ‘essentially an illegal financial activity in China’

Central bank deputy governor: STO business ‘essentially an illegal financial activity in China’

The People’s Bank of China officially banned security token offering (STO) businesses on Saturday, in another blow to digital currencies in mainland China. An STO is an initial coin offering (ICO) backed by tangibles such as assets, or profit or revenue of a company. An ICO is fundraising activity that allows digital currency start-ups to…
What the US wants from China during the 90-day trade war truce

What the US wants from China during the 90-day trade war truce

With the US and China facing a 90-day deadline to resolve their differences over trade, we look at some of the areas where Washington will be looking for concessions and its chances of getting what it wants. Forced technology transfer China has officially denied that it forces foreign companies to hand over technology as a…
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