#china

China Cuts Interest Rates First Time Since April 2020

China’s central bank cuts the interest rate of its medium-term loans for the first time since April 2020, in an attempt to cushion any economic slowdown. The People’s Bank of China (PBOC) said on Monday that it was lowering the...

North Korea Fires Two Ballistic Missiles in Fourth Test

North Korea has fired two short-range ballistic missiles towards Japan’s coast. These missiles were part of the recent tests that the country has been conducting. The aim of these exercises is to strengthen the country's military. They were launched...

Sinopharm: China approves its first homegrown Covid-19 vaccine

Sinopharm, China’s national pharmaceutical company, announced on December 30th that its vaccine candidate was 79% efficient in containing the contagious coronavirus. The Chinese government later on Thursday announced that they were giving the vaccine manufacturers a green signal after...

China’s State Administration for Market Regulation Investigates into Alibaba‚Äôs Alleged Act of Monopoly

As per the on-going investigation into the Chinese e-commerce giant, the company has committed to regulated development. According to the regulatory authorities, Alibaba is suspected to be stopping its merchants from using the rival platforms such as JD.com and...

WeRide raises $200m

WeRide, as per its reporting on Wednesday, stated that it has raised $200 million through a long-term, mega-investment in Chinese bus maker Yutong. WeRide is one of the most ‚Äď funded startups that has bought differentiation into the market...

China’s Chang’e-5 mission lands on Earth with Moon samples

China becomes only the third country in the world to bring back rock samples from the moon. On Thursday morning according to Beijing time - December 16 at 12:59 p.m. EST (1759 GMT) - China's Chang'e-5 successfully landed back...

Apple suspends business with Pegatron due to labor violations

Apple freezes new business for Pegatron - the second-largest iPhone manufacturer based in China - after discovering the labor law's violation concerning the student worker's program. As announced by Apple Inc. on Monday, the Pegatron Co. falsified paperwork...

US Places Restrictions on Chinese biggest chipmaker SMIC

The US places restrictions on China's biggest chipmaker, SMIC. The Semiconductor Manufacturing International Corporation (SMIC) might no longer be able to import technology from the US it uses for manufacturing chips. The Trump administration fears the use of US...

TikTok selects Oracle as its partner for US operations

ByteDance, the parent company of TikTok based in China, has decided to partner with Oracle Inc for its US operations after rejecting Microsoft's acquisition offer. The social company had to make a rushed decision as it nears 20th September's...

FDA expedites diagnostic testing for coronavirus

The U.S. government is working with the Food and Drugs Administration - FDA to strongly examine the cause of novel coronavirus. Centers for Disease Control and Prevention - CDC being the national partner are helping in closely monitoring an...

Latest News