Updated 11/25/2021 09:42 am China’s Foreign Ministry said it accepted the apology offered by Jamie Dimon, CEO of JPMorgan Chase, for a comment he made about the Communist Party and noted that he hoped the media would stop “promote” the topic. Dimon maintained that JPMorgan would outlast the Communist Party of China, a comment issued […]
Tag: China
China removes license from Evergrande from the land of its mega-stadium, according to media
The authorities of the Chinese city of Canton (southeast) withdrew the indebted Chinese real estate giant Evergrande the license of the land where it is building a huge stadium for its soccer team, according to information published in the local press of the Asian country. The Evergrande Stadium It was going to be the largest […]
China does not commit to releasing US crude reserves.
China, the world’s largest oil importer, did not promise to disclose whether it will release crude from its reserves, as requested by the United States, while sources from the Organization of the Petroleum Exporting Countries (OPEC) said that the US action has not done that. the producer group changes course. On Tuesday, the administration of […]
China’s Response to Climate Change
Chinese Ambassador to Peru Planet Earth is humanity’s only home. In recent years, climate change, loss of biodiversity, and extreme weather events have created serious challenges for human survival and development. Faced with the threat of climate change, humanity is a community of common destiny and no country can remain alone without being affected. Cooperation […]
Will China be amused by Dimon’s joke?
Por Shuli Ren In America, CEOs like to be funny and joke on stage to get the audience’s attention and show off their charisma. But some jokes can go too far, especially when they involve China, where politicians have a different sense of humor, and sometimes just lack it. “The Communist Party is celebrating its […]
JPMorgan chief says regrets comment on Communist Party of China
Updated on 11/24/2021 12:36 pm JPMorgan Chase Chief Executive Jamie Dimon regretted his comments that the Wall Street bank would outlast the Communist Party of China. “I regret it and shouldn’t have made that comment. I was trying to emphasize the strength and longevity of our company“, said Dimon in a statement issued by the […]
Some Chinese banks were told to issue more loans for real estate projects, sources say
Updated on 11/22/2021 11:05 am Financial regulators told some Chinese banks to issue more loans to real estate companies for project development, said two bank sources with direct knowledge of the situation, in efforts to marginally ease liquidity strains in the industry. The Chinese authorities have yet to give some sign that they will relax […]
China quarantines packages from abroad over COVID-19 fears
Updated on 11/22/2021 10:20 am China has begun to impose 48-hour quarantines on packages coming from abroad for fear that they could spread the COVID-19 coronavirus, reports the local newspaper Global Times. The Air Mail Processing Center in the Chinese capital processes 120,000 packages coming from abroad every day, which, after two rounds of disinfection, […]
Wuhan market re-emerges as probable source of COVID
An accountant from Wuhan, China, believed to have been the first person with COVID-19, actually developed symptoms eight days after what was initially reported, turning a seafood vendor from the now infamous Huanan market in the first known case. The confusion was caused by complications from dental treatment that made the 41-year-old sick on December […]
Fed up with the city, the Chinese go back to the country
Despite a high-paying job at a Shanghai multinational, Hu Siqin gave up everything to grow vegetables. Like her, many young Chinese are fleeing the stress of big cities to settle in the countryside. This thirty-year-old decided to give up a career that allowed her to pay for restaurants and to go out at night. But […]