The People's Bank of China will allow foreigners to spend up to $2,000 annually on Alipay without ID registration, while Ant Group raises single transaction limits to $5,000 from $1,000.
China
China to Remove US-Manufactured Microprocessors From Government Computers
In response to the US House passing a TikTok ban bill and amid fears of Chinese retaliation, China has initiated measures to exclude US-manufactured microprocessors, particularly from Intel and AMD.
China Looks Into PwC's Role in Evergrande's $78 Billion Fraud Scandal
After Evergrande was accused of $78 billion fraud, Chinese authorities are investigating accounting giant PwC.
Apple CEO Tim Cook Visits Shanghai as Pressure Mounts on China Sales
Apple CEO Tim Cook arrives in Shanghai ahead of a new retail store opening and decreasing iPhone sales.
China's Property Giant Evergrande and Its Founder Hui Ka Yan Accused of $78 Billion Fraud
China's real estate giant Evergrande and its founder, Hui Ka Yan, are accused of inflating revenues by $78 billion over two years before the company defaulted on its debt.
Latest News
CoinDesk will hold a consensus in Hong Kong, showcasing the region's progress as a digital asset hub despite regulatory lag in certain areas.
China's import and export growth in January and February exceeded expectations. China's import and export growth in January and February exceeded expectations, giving officials hope that global trade is improving amid sluggish economic recovery.
Counterpoint Research data shows that iPhone sales in China fell sharply during the first half of 2024.
Besides 12 million jobs, China will also increase defense, technology, and science efforts. (Photo : Photo by Kevin Frayer/Getty Images)BEIJING, CHINA - SEPTEMBER 29: A Chinese man stands in front of his business next to China's national flag in advance of the country's national holidays, also known as Golden week, on September 29, 2020 in Beijing, China.
Yum China thrives amidst economic challenges by targeting both budget-conscious and quality-seeking consumers. Revenue soars by 19%, net profit by 81%, employing a value-driven approach.
Apple permitted occasional discounts to their iPhone 15 models in China to stimulate demand as competition with other brands intensified.
Singapore plans to acquire eight Lockheed Martin Corp. F-35A fighter planes for its defense, accelerating the country's procurement of advanced military aircraft amid tensions in the region.
China also accused U.S. companies operating in the country of espionage, raising mistrust amid economic challenges and export growth.
Tesla is set to issue a software update to address rear camera issues affecting 8,700 vehicles in China amid ongoing regulatory scrutiny.
