China proposes adding cryptocurrency mining to 'negative list' of industries

Fox Business Flash top headlines for October 8 Check out what’s clicking on FoxBusiness.com. China has added cryptocurrency mining to a draft list of industries in which investment is restricted or prohibited, although it reduced the number of sectors on the list overall, a document released by the state planner showed on Friday. The "negative […]

U.S.-China talks will be difficult, but reengagement is the right strategy, expert says

U.S.-China talks will be "extremely tough sledding," but reengagement is the correct strategy to take, according to Wendy Cutler of the Asia Society Policy Institute. Her comments came after U.S. Trade Representative Katherine Tai on Monday said she is looking forward to negotiations with the Chinese. Cutler also said she sees a "possible thaw in […]

China says it will clamp down on abortions for 'non-medical purposes'

China will reduce the number of abortions performed for "non-medical purposes," the country's cabinet said in new guidelines issued, that it said were aimed at improving women's reproductive health. The State Council said the new guidelines would aim to improve women's overall access to pre-pregnancy health care services. After years of trying to limit population growth, […]

Austin assures China new partnership with UK, Australia 'not aimed at anyone'

Fox News Flash top headlines for September 16 Fox News Flash top headlines are here. Check out what’s clicking on Foxnews.com. Secretary of Defense Lloyd Austin sought to assure China Thursday that the latest tri-lateral agreement between the U.S., U.K, and Australia is “not aimed at anyone.” “On the issue of China, let me just […]

China’s factories, retailers stumble on COVID-19 disruptions

China’s factory and retai lsectors faltered in August with output and sales growth hitting one-year lows as fresh coronavirus outbreaks and supply disruptions threatened the country’s impressive economic recovery. Industrial production rose 5.3% in August from a year earlier, narrowing from an increase of 6.4% in July and marking the weakest pace since July 2020, […]

China set to demand break-up of Jack Ma’s fintech giant Alipay

Beijing plans to break up billionaire Jack Ma’s digital payments empire as the Communist regime continues a crackdown on Chinese big tech. Ma’s Ant Group, which owns the “superapp” Alipay, faces demands from China to spin off its credit card and unsecured loans divisions. It will also be required to provide credit scoring data on […]

China fines Canada Goose over misleading advertising: reports

Fox Business Flash top headlines for September 8 Check out what’s clicking on FoxBusiness.com. China has fined Canada Goose, a Canadian clothing company known for its outdoor apparel, over what it alleges to be misleading advertisement tactics, according to reports. The country fined the clothing maker's Chinese unit $71,000 USD over its statement saying Canada […]

China’s tech crackdown may be good news for Indian start-ups

Chinese government’s decision to scrutinise its tech companies could well be a short window for Indian starts-ups to make the best of a good opportunity. The Chinese government is imposing severe restrictions on their tech companies — whether it is on data security, marketing practices or floating an IPO. Should this be music to the […]

Nio and Xpeng deliveries fall in August as chip shortage hits China's electric carmakers

Nio delivered 5,880 vehicles in August, down from 7,931 cars in July with the company blaming "uncertainty and volatility of semiconductor supply" as the global chip shortage continues. Xpeng said it delivered 7,214 vehicles in August, down from 8,040 in July as it transitioned manufacturing at one of its factories. Li Auto meanwhile said in August it delivered 9,433 […]