Tag Archives: China

China’s antitrust regulator has imposed a fine equivalent to $ 2.8 billion against Alibaba Group Holding Ltd  for abusing its dominant position over rivals and merchants on its e-commerce platforms, a record penalty in the country that comes amid a wave of scrutiny on the business empire of company founder …

Markets in Japan and mainland China gained Friday, following another record day on Wall Street, as most other major global markets were closed for the Good Friday holiday. Japan’s Nikkei 225 NIK, +1.58% rose 1.1%, with SoftBank 9984, +4.22% rising more than 3%. The Shanghai Composite SHCOMP, +0.52% edged 0.4% …

Tesla is not watching you any more than TikTok is — or so Elon Musk tried to assure China and other countries over the weekend.  The Wall Street Journal reported Friday that China’s government is barring military staff and the employees of key state-owned companies from driving Tesla TSLA, +2.31% …

Could Democrats be fighting the last war and wasting money on another $ 1.9 trillion economic relief package? Perhaps, if St. Louis Federal Reserve president James Bullard is right. The Fed official thinks the economy is already set for a strong recovery in 2021. It’s possible U.S. economic growth could …

After seven years of negotiations, the European Union and China agreed in principle on a landmark investment treaty that the 27-member bloc says will level the playing field for European investors in China. The agreement was reached on Wednesday after a final call between Chinese President Xi Jinping and European …

In this exceptional year, much of our collective attention span was spent on the pandemic, the U.S. election, geopolitical tensions, and social media paroxysms. When it came to US-China in particular, there simply wasn’t enough “China” as the bilateral dynamic was regularly filtered through the prism of the pandemic and the U.S. …

Goldman Sachs Group Inc. is moving to acquire 100% ownership of its securities joint venture in China, deepening its investment in the world’s second-largest economy 17 years after setting up shop with a domestic partner. The New York-based investment bank is applying with Chinese regulators to take full control of Goldman Sachs Gao Hua …

Joe Biden on an official visit to China in 2013. Getty Images NEW DELHI, India (Project Syndicate)—Once President-elect Joe Biden’s administration has made the relatively easy decisions to rejoin the Paris climate agreement, remain in the World Health Organization, and attempt to reboot the World Trade Organization, it will confront …

Asian markets were mixed in early trading Monday, following a sharp selloff on Wall Street last week. Japan’s Nikkei 225 NIK, -0.49% dipped 0.3% while Hong Kong’s Hang Seng index HSI, -0.43% gained 0.1%. The Shanghai Composite SHCOMP, -1.87% declined 0.2% while the smaller-cap Shenzhen Composite 399106, -2.21% retreated 0.2%. …