News briefing for Wednesday, September 7, 2022
Notable China news from around the world.
Hereโs what else you need to know about China today:
Washington banned U.S. โadvanced techโ firms from building factories in China for the next decade, as the tech war continues to escalate between the two world superpowers. Meanwhile, Xรญ Jรฌnpรญng ไน ่ฟๅนณ again urged top officials to step up efforts in critical technologies.
China will pay in rubles and yuan for Russian gas, Russian state-owned giant Gazprom announced, as the Kremlin shifts trade away from currencies like the euro amid U.S. and European sanctions.
Chรฉng Lฤi ๆ่พ โshould have access to her familyโฆThereโs been no transparency in any of these processes at all. And the Chinese Government needs to do better,โ Australiaโs prime minister, Anthony Albanese, said, reiterating calls of support for the Australian citizen and former host for state TV who was detained for unknown reasons in August 2020.
โChinaโs Pelotonโ โ Keep, which claims to be Chinaโs largest online sports and fitness platform โ has submitted a second application for an IPO in Hong Kong, following the expiration of its previous application submitted in February. Keepโs revenue in the first quarter increased by 37.6% year-on-year to 417 million yuan ($59.98 million). Read this and more in todayโs business briefs from the Chinese economy:
- Exports and imports are up, but trade growth slowed in August.
- State Grid is Chinaโs largest company according to a new list.
This week is Chinaโs biggest philanthropic event of the year, which raises nearly $1 billion in a few days alone: Lessons from Chinaโs innovations in digital philanthropy on WeChatโs 99 Giving Day show how technology, gamification, and lowering barriers to entry make philanthropy appealing and accessible to millennials and Zoomers โ both stories are via the Serica Initiative, our sister nonprofit.
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