China sanctions Wilbur Ross, others over U.S. warning about Hong Kong enterprise situations

China mentioned Friday it has sanctioned seven folks, together with former Trump Commerce Secretary Wilbur Ross, in response to U.S. penalties imposed on Chinese language officers over Beijing’s clampdown on democracy in Hong Kong.  The reciprocal sanctions have been imposed beneath China’s new Anti-Overseas Sanctions Legislation, which was handed in June. The sanctions are a […]

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Uber’s stake in Didi shrank by $2 billion this week amid China crackdown on U.S. listings

Uber CEO Dara Khosrowshahi speaks at a product launch occasion in San Francisco, California on September 26, 2019. Philip Pacheco | AFP through Getty Pictures Uber’s one-time, $9.4 billion stake in Chinese language ride-hailing large Didi has dwindled by half in lower than a month as China escalates its threats to U.S.-listed corporations. Greater than […]

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Loss of life toll now 51 following catastrophic flooding in China | CBC Information

The dying toll from catastrophic flooding within the central Chinese language metropolis of Zhengzhou has risen to 51, state media reported Friday. The official China Each day newspaper and different media mentioned the quantity included simply Zhengzhou, the capital of Henan province. Different areas of the province have additionally confronted heavy downpours, and rivers and […]

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Demise toll in central China floods rises to 56, losses mount to $10 billion – Occasions of India

BEIJING: The demise toll from the rain-triggered unprecedented floods in central China has risen to 56 with 5 individuals reported lacking and the official estimated losses totalled about $10 billion, the state media reported on Friday. The torrential rains, the heaviest in 1,000 years, have affected about three million individuals in Henan province and a […]

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One other group of U.S.-listed China shares are plunging as Beijing regulators crack down

Chinese language non-public academic firm New Oriental emblem seen in Shanghai. SOPA Photographs | LightRocket | Getty Photographs BEIJING — Two U.S.-listed Chinese language training shares plunged sharply in pre-market buying and selling Friday after studies of a authorities crackdown on the sector that included bans on overseas funding. TAL Education shares fell 55% in […]

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