News 

China’s defence minister says resolving ‘Taiwan question’ is national priority

“BEIJING (Reuters) – China’s defence minister, Wei Fenghe, said on Monday that resolving the “Taiwan question” is his country’s “greatest national interest”, and that no force could prevent China’s “reunification”” writes Midwest Communications Inc for 95kqds.com. “Resolving the Taiwan question so as to realise China’s full reunification is the irresistible trend of the times, China’s greatest national interest, the righteous path to follow and the longing of all Chinese people.”.  Source: 95kqds.com

Read More
Crypto News 

Alipay Denounces Bitcoin OTC Trading: Regulatory ‘Gray Area’ in China

“Indeed, following the 2017 trading and ICO ban, reports began to emerge of growing P2P Bitcoin trading in China” writes Osato Avan-nomayo for cointelegraph.com. These exchanges reportedly mask such activities by using the guise of running a P2P trading desk for the BTC/USDT trading pair.While the Alipay/Binance situation was unfolding, a Twitter account named Blocfilo posted some startling revelations about the Chinese crypto trading scene.There are even reports that major crypto exchanges use these backchannel avenues to conduct P2P Bitcoin trading in China.Earlier in October 2019, Binance announced a fiat on-ramp…

Read More
News 

China central bank says will continue to implement prudent monetary policies

“SHANGHAI (Reuters) – China’s central bank will continue to implement prudent monetary policies and create an appropriate financial environment for high-quality economic growth, Governor Yi Gang said, according to the bank’s website” writes Midwest Communications Inc for 95kqds.com. Yi also said that China’s economic growth remains basically stable, despite facing downward pressure.The yuan currency is basically stable and credit is growing at a steady pace, he said. Source: 95kqds.com

Read More
Markets News 

China market regulator chief met with Apple CEO Tim Cook

“Apple last week removed from its app store an app that helped Hong Kong protesters track police movements after a Chinese state newspaper sharply criticized it for allowing the software” writes Min Read for reuters.com. Cook had defended the removal in the face of criticism for appeasing mainland China, telling Apple workers that “this decision best protects our users”.BEIJING (Reuters) – Apple Inc Chief Executive Tim Cook met the chief of China’s market regulator in Beijing on Thursday, the Chinese agency said, a week after the U.S. firm was thrust…

Read More
News 

Top Economic Advisers Warned Trump on Tariffs Before China Truce

“But Trump during the meeting pointed the finger at the Federal Reserve, saying it deserves to share blame for the economic downturn” reports thehill.com. Trump also reportedly called in one of his closest advisers on China, Peter Navarro, into the meeting.A Trump administration official confirmed to the Journal that the president hears from a number of different advisers before making decisions on trade talks. Source: thehill.com

Read More
News 

China plots to block US military from key ports, Pentagon warns

“China aims to thwart the U.S. military from using strategically significant ports around the world, U.S. officials and analysts said yesterday” reports washingtonexaminer.com. Military officials agreed that China is trying to crowd Americans out of the ports at the chokepoints of global shipping. “We just have to be present there — not just watching but actually present,” said Air Force Lt.”First, the dual commercial and military uses of these assets; second, that the debt incurred by these countries will tie them to China in ways that will facilitate China’s international…

Read More
News 

China seeks to boost certified elderly caregivers by 2 million

“Previously, those seeking certificates to qualify to care for the elderly had to have attended at least junior high school” writes Midwest Communications Inc for 95kqds.com. BEIJING (Reuters) – China has scrapped a requirement of formal education for people seeking to be certified as caregivers for the elderly in a bid to increase their number by 2 million and plug a supply shortage.The education ministry also recently said that every province ought to have one university offering majors in care for the elderly. Source: 95kqds.com

Read More
News 

Top economic advisers reportedly warned Trump over tariffs before China trade truce

“It is said that Trump even called in trade hawk Peter Navarro when he was briefed about tariffs and the economic situation mid-way through the meeting: “Where’s Peter?”” reports forexlive.com. The meeting was said to have happened two days before trade talks between senior US and Chinese officials in Washington. The report says that Trump’s top economic advisers warned him that continued escalation of trade tensions could imperil the economy and hurt his chances of reelection, according to people familiar with the meeting that took place. Source: forexlive.com

Read More
Markets News 

Apple CEO Tim Cook met with a Chinese state regulator days after controversially booting a Hong Kong map app from the App Store

“Apple CEO Tim Cook met with a Chinese regulator days after his company booted a Hong Kong police-tracking app from the App Store” writes Charlie Wood for businessinsider.com. Cook and Apple came under fire last week after Apple removed an app from its App Store – called HKMap.live – that let Hong Kong protestors track police.Greater China — covering mainland China, Hong Kong, and Taiwan — was Apple’s third-biggest market in the third quarter this year, with revenue of $9.1 billion.Prior to Apple’s decision to remove the app, the Chinese…

Read More