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Phone companies ranked for connections to wars, human rights abuses

“The company has developed ways of assessing the risk that materials in its supply chain are endangering environmental or labour protections, for instance” writes Andrew Griffin for independent.co.uk. But it said that all companies have far more to do, and criticised a range of other, popular companies for failing to properly work on their supply chain.Apple said that it had been working to rid its supply chain of those minerals and suggested companies are obligated to avoid inadvertently funding the contravention of human rights. Source: independent.co.uk Share This:

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China pledges more ‘toilet revolution’ to boost tourism

“The toilet revolution … is an urgent and necessary measure to transform and upgrade our tourism industry,” CNTA director Li Jinzao was quoted by Xinhua as saying” writes unknown author for cnbc.com. China announced on Sunday plans to build and upgrade 64,000 public toilets between 2018 to 2020 as part of its “toilet revolution” aimed at boosting tourism and lifting the sector’s contribution to economic growth.Since 2015, China has poured 1.04 billion yuan into building and renovating 68,000 toilets, far exceeding its three-year goal of 57,000, state news agency Xinhua…

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China says will work with North Korea to boost ties as envoy visits

“Traditional friendship between China and North Korea represents “valuable wealth” for their people, China said after its special envoy met a high-ranking North Korean official, but there was no mention of the crisis over North Korea’s weapons” writes Tomohiro Ohsumi for cnbc.com. The last time China’s special envoy for North Korea visited the country was in February last year. Source: cnbc.com Share This:

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Brokers News 

Exclusive: Brokers in China Claim ‘Business as Usual’, Regulatory Concerns Rising

“Rumors about brokers operating in China having difficulties with access to their websites have been picking up in recent weeks” reports financemagnates.com. Investigating the matter, Finance Magnates reached out to a number of brokers and consultancies operating on the ground for their perspective. Source: financemagnates.com Share This:

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Beijing opens its finance sector: One domestic industry may be the big winner

“But it’s not just overseas companies that stand to benefit: One important Chinese sector will grow stronger, experts said” writes Huileng Tan for cnbc.com. In July, a senior Chinese insurance regulator warned of multiple risks in the industry, including liquidity, state news agency Xinhua reported.China shocked the world last week when it suddenly announced it would finally make some moves to open up its financial sector to more ownership from international investors.In fact, the management in China should begin adopting better strategies for risk management — a persistent issue in…

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Daimler to invest $755 million in China for electric car, battery production: executive

“GUANGZHOU/BEIJING (Reuters) – Germany’s Daimler AG plans to invest 5 billion yuan ($755 million) in China for factory capacity to manufacture electric cars and the batteries that power them, part of an effort to help its Mercedes-Benz and Smart brands comply with the country’s green car production and sales quotas” reports businessinsider.com. Hubertus Troska, head of Daimler’s greater China operations, told reporters that the investment was part of Daimler’s previously announced 10 billion euros ($11.8 billion) global green car initiative. Source: businessinsider.com Share This:

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Anger as bike sharing firm shuts up office with riders’ deposits

“The company also supplied bicycles for an Australia-based bike sharing firm Reddy Go, although it is an separate entity” writes Benjamin Haas for theguardian.com. China’s third largest bike sharing company has reportedly run into financial trouble, amid a wave of busts and consolidations in an industry that took the country by storm this year.The company’s operations will be taken over by another bike sharing startup, Li said in the letter. Source: theguardian.com Share This:

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Markets News 

This chart suggests U.S. Treasury yield will follow its Chinese peer higher

“For investors looking for clues on where U.S. Treasury yields are headed, the Chinese bond market may be a good place to start” writes Markets Reporter for marketwatch.com. Alexander Wolf, senior emerging markets economist at Aberdeen Standard Investments, played down the possibility of China bond market’s recent woes triggering a crisis.China’s 10-year bond yield spiked this week to a three-year high of 4% as worries about tightening conditions in the Chinese credit market prompted investors to dump bonds.Aside from U.S. Treasury yields, however, some investors worry that the dramatic moves…

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must be “orderly” and the international community should join it in addressing fake news

“China enforces strict internet censorship rules, which have hardened this year with new restrictions on media outlets and surveillance measures for social media sites” writes Min Read for reuters.com. On Tuesday, U.S. NGO Freedom House released an annual report ranking China last in terms of internet freedom for the third year in a row, criticizing censorship activity targeting ethnic minorities, media and regular citizens. Source: reuters.com Share This:

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