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Search resuls for: "China . China"


9 mentions found


Shanghai to hold lottery for 'red packets' of digital yuan
  + stars: | 2021-06-04 | by ( Reuters Staff | ) www.reuters.com sentiment -0.73   time to read: +1 min
SHANGHAI, June 4 (Reuters) - China’s financial hub Shanghai will hold a lottery over the weekend giving residents the chance to win electronic “red packets” worth nearly 20 million yuan ($3 million) combined, as the country accelerates its testing of the digital yuan. Shanghai’s announcement that it will distribute 350,000 red packets each containing 55 yuan worth of digital currency, or e-cny, comes days after Beijing unveiled plans for a similar campaign. Giving gifts of cash in small red envelopes known as “red packets” is common in China. The draw for the e-cny red packets will start on Saturday and end on Sunday, and anyone in Shanghai can apply to participate, the Shanghai government said in an announcement via its official Wechat account. Winners of the gifts can use the windfall cash from June 11 to June 20 in Shanghai and other cities running digital yuan trials such as neighbouring Suzhou, the city’s government said.
Persons: Samuel Shen, Andrew Galbraith, Hugh Lawson Organizations: People’s Bank of China Locations: SHANGHAI, Shanghai, Beijing, China . China, Shenzhen, Chengdu, Suzhou
The case stems from the Swedish government's decision last October to ban Huawei from supplying 5G equipment due to security concerns. An Ericsson spokeswoman confirmed that the company has been invited to participate in 5G tests in China. He had earlier criticized Sweden's ban on Huawei for restricting free competition. Nokia's home country, Finland, has not banned Huawei outright, although its parliament has passed a law that allows it to ban equipment for national security reasons. A Nokia spokesperson said the company has already completed the 5G tests in China.
Persons: Michele Tantussi, Börje Ekholm, Kenneth Fredriksen, Pekka Lundmark, EY Organizations: Huawei, IFA, REUTERS, Ericsson, Global Times, Communist Party, Central East, Nordic, Nokia, Reuters, Thomson Locations: Berlin, Germany, Sweden, China, Swedish, Washington, Beijing, Central East Europe, Nordic Region, Finland, China . China
The accident comes after a protest at the Shanghai Auto Show drew attention to Tesla safety concerns. Tesla said it is working with Chinese authorities to investigate a crash involving one of its cars in which a local policeman was killed, Bloomberg reported. Chinese authorities are still investigating another Tesla crash in the southern Chinese city of Shaoguan. The country's military also reportedly banned Tesla cars from its locations over privacy concerns related to the car's cameras. China represents an important market for Tesla car sales and the company's recent run of bad publicity has stunted interest in its vehicles.
Persons: Tesla, Elon Musk Organizations: Bloomberg, Shanghai Auto, Authorities, Shanghai Auto Show, Legal Affairs Commission, Street Journal, Tesla, Global Times, National Transportation, Shanghai, CNN Locations: China, Taizhou, Weibo, Shaoguan, Texas, Shanghai, China . China
China is now the world's biggest market for Cuban cigars
  + stars: | 2021-05-06 | by ( Katie Warren | ) www.businessinsider.com + 0.00   time to read: +2 min
China has become the world's biggest market for Cuban cigars, overtaking Spain. A box of hand-rolled Cuban cigars — considered the best in the world — can cost thousands of dollars. China has overtaken Spain to become the world's biggest market for pricey Cuban cigars, according to Habanos, Cuba's state-owned cigar company. In 2017, Habanos signed a deal with the China National Tobacco Corporation to promote Cuban cigars and boost sales in China. Each Habanos cigar goes through roughly 500 manual tasks in the process to go from seed to cigar.
Persons: , Leopoldo Cintra González, Habanos, Jose Maria Lopez, China's, Roberto Machado Noa, John F, Kennedy, Andy Ash Organizations: Spain, China's Xinhua News Agency, China National Tobacco Corporation, World Health Organization, Habanos S.A, Getty, Asia Pacific Locations: China, Spain, Habanos, Cuba's, Havana, China . China, Cuba, Cuban, Europe, Americas, Africa, East
Factbox: Foreign fashion retailers in China
  + stars: | 2021-03-25 | by ( Reuters Staff | ) www.reuters.com + 0.00   time to read: +3 min
FILE PHOTO: Workers install a Nike logo lamp outside the Wukesong Arena in Beijing, China August 28, 2019. It sources from 477 suppliers managing 2,318 factories in China, its website said. China is H&M’s fourth-biggest market with sales of 9.75 billion Swedish crowns in the 12 months through November 2020. More than half its fabric mills and sewing factories are located in China, Fast Retailing’s website said. Fast Retailing has said no Uniqlo product was manufactured in the Xinjiang region and no production partners subcontracted to fabric or spinning mills in the region.
Persons: Wang Organizations: Reuters, Nike, Adidas, Arena, REUTERS, Better Cotton Initiative, BCI, Spanish, Nike Nike, Reebok, Retailing Locations: Xinjiang, Beijing, China, Zara, Asia, Beijing’s Wangfujing, Swedish, China . China, Bangladesh, Japan, China , Hong Kong, Taiwan
China-E.U. Talks Hit Another Snag as Biden Camp Objects
  + stars: | 2020-12-23 | by ( Jack Ewing | Steven Lee Myers | Ana Swanson | ) www.nytimes.com sentiment -1.00   time to read: +1 min
China and the European Commission appeared close to announcing a landmark agreement this week that would make it easier for their companies to invest in each other’s economies. Then it hit another snag: A tweet by a top aide to Joseph R. Biden Jr. signaled that the president-elect was not happy about the deal. The pact, nearly seven years in the making, remains a top priority of Chancellor Angela Merkel of Germany because it would give companies like Daimler and Volkswagen better control over their operations in China. Ms. Merkel and other leaders have been pressing to complete the deal before the end of the year, while Germany holds the rotating six-month presidency of the European Council. Last week they even circulated 126-page draft that was largely completed except for unresolved issues of wording.
Persons: Joseph R, Biden, Chancellor Angela Merkel of, Merkel Organizations: European Commission, Daimler, Volkswagen, European Council Locations: China, Chancellor Angela Merkel of Germany, China . China, Germany
‘The Whole City Was Dark’: China Rations Electricity for Millions
  + stars: | 2020-12-21 | by ( Vivian Wang | ) www.nytimes.com sentiment -0.99   time to read: +2 min
Coastal areas of China depend on imported coal, including from Australia. China in turn has banned imports of Australian coal — leaving huge ships stranded at sea. “At the moment, some provinces temporarily do not have enough electricity. This is an objective fact,” one of the national government’s most powerful bodies, the entity that oversees state-owned companies, said on Sunday. On Dec. 4, officials in Hunan announced that monthly electricity demand had seen double-digit growth from the previous year and would soon exceed the grid’s capacity.
Persons: “ He’s, ” Philip Andrews, Mr, Xi Organizations: Speed, Energy Studies, National University of Singapore Locations: China, Australia, China . China, Hunan
AUSTRALIAIt has agreed to buy 135 million doses: 34 million from AstraZeneca, 40 million from Novavax Inc, 10 million from Pfizer and 51 million from CSL Ltd. It expects delivery of 3.8 million doses of AstraZeneca’s vaccine in January and February next year. It hopes to lock in 60 million doses in total and also is in talks with Pfizer and Sinovac. BANGLADESHBangladesh signed a deal with India’s Serum to buy 30 million doses of the AstraZeneca vaccine. It also expects to receive 68 million doses from GAVI at a subsidized rate, a senior health ministry official said.
Persons: Dado, Sputnik, Johnson Organizations: Reuters, Pfizer Inc, Moderna Inc, AstraZeneca Plc, REUTERS, AstraZeneca, Novavax Inc, Pfizer, CSL Ltd, Western, Shenzhen Kangtai Biological, Shanghai Fosun Pharmaceutical Group, Tibet Rhodiola Pharmaceutical, Johnson, Shionogi, Co, SOUTH, drugmakers, Serum Institute of India, Sputnik, Sinovac, India’s Locations: AUSTRALIA, CHINA China, China, Shenzhen, Shanghai, Tibet, China . China, JAPAN Japan, Japan, SOUTH KOREA, COVAX, India, TAIWAN Taiwan, PHILIPPINES, Philippines, INDONESIA, Indonesia, VIETNAM, BANGLADESH Bangladesh
Tibetan political leader visits White House for first time in six decades
  + stars: | 2020-11-21 | by ( Reuters Staff | ) www.reuters.com sentiment -0.62   time to read: +2 min
REUTERS/Thomas PeterSHANGHAI (Reuters) - The head of the Tibetan government in exile has visited the U.S. White House for the first time in six decades, a move that could further infuriate Beijing, which has accused the United States of trying to destabilise the region. Lobsan Sangay, President of the Central Tibetan Administration (CTA), was invited to the White House to meet the newly appointed U.S. Special Coordinator for Tibetan Issues, Robert Destro, on Friday, the CTA said in a press release. Tibet has become one of the areas of dispute between the United States and China, with relations between the world’s two biggest economies at their lowest point in decades. U.S. Secretary of State Mike Pompeo accused Beijing in July of violating Tibetan human rights and said Washington supported “meaningful autonomy” for the region. Beijing officials have since accused the United States of using Tibet to try to promote “splittism” in China.
Persons: Thomas Peter SHANGHAI, Sangay, Robert Destro, , Mike Pompeo, Destro, Xi Jinping Organizations: Tibet Autonomous, REUTERS, . White, Central Tibetan Administration, Tibetan, CTA, U.S, Beijing, Washington Locations: Lhasa, Tibet, Tibet Autonomous Region, China, Beijing, United States, India’s Dharamshalah, China . China
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