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China has a black market for cheats in hit game Apex Legends even though it has yet to be launched there

China is already home to a thriving black market for cheats and hacks in video games – and that is also true for new battle royale hit Apex Legends even though the game has yet to be launched in the country.Illegal software that gives players unfair advantages in Apex Legends is now up for sale on the Chinese internet, just as its developer is going after cheaters exploiting the game two weeks into its launch.A search of “Apex support” on Taobao Marketplace, China’s biggest online retail… Source link

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China applauds ‘positive’ Donald Trump tweet, hopes for US trade war deal ahead of Washington talks

Chinese President Xi Jinping urged for a “mutually beneficial” trade deal in this week’s talks when he met US trade representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin in Beijing on Friday, according to Xinhua. Photo: Xinhua Source link

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China crackdown on fraudulent P2P platforms results in 62 overseas arrests, US$1.5 billion of assets frozen

Chinese police have investigated more than 380 peer-to-peer (P2P) platforms on suspicion of illegal fundraising and frozen assets worth 10 billion yuan (US$1.5 billion), following the dramatic implosion of the once-booming shadow banking sector.China’s Ministry of Public Security said it had arrested 62 suspects who were operators of fraudulent P2P platforms from 16 foreign countries including Thailand and Cambodia, the state-run news agency Xinhua reported on Sunday.This was a rare public… Source link

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Singapore’s January exports to China collapsed in ‘very worrying’ development for both economies

Singapore is feeling the pinch of China’s economic slowdown as exports to the mainland collapsed in January.Non-oil exports to China showed a dramatic fall in January, crashing by 25.4 per cent, while Singapore’s oil exports to China plummeted by 30.8 per cent, showing a broad-based decline, and sparking concern about the economic prospects of both nations.Sales of gold to China collapsed by 94.9 per cent, while specialised machinery exports fell 55.2 per cent and measuring instruments fell 40… Source link

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Crop technology firm Syngenta helping China enhance food security with goal to grow after acquisition by ChemChina

Crop technology firm Syngenta aims to quadruple its market share in China in the next five years, according to its chief financial officer.The Swiss-based multinational company was acquired by state-backed China National Chemical Corporation (ChemChina) 20 months ago for US$43 billion.Syngenta aims to achieve its growth goal partly via partnerships with both Chinese and overseas peers to bring advanced overseas crops-growing technology to China – the world’s largest agricultural products… Source link

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China and Hong Kong stocks climb on record new lending and trade deal outlook

China and Hong Kong stocks rose for the first time in three days after official data showed that new lending by mainland banks surged to a record in January and on optimism that the Asian nation and the US are close to clinching a deal to resolve their trade dispute.The Shanghai Composite Index rose 1.3 per cent, or 33.68 points, to 2,716.06. Hong Kong’s Hang Seng Index added 1.4 per cent, or 378.93 points, to 28,279.77.Traders cheered the news that China’s banks are pumping more money into the… Source link

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Global 

With or without trade war deal, disputes between China and US set to intensify, says Beijing commentator

It is wrong to advocate confrontation, but it is not right to pretend there is peace either. In the current economic climate, China and the United States may reach a trade deal to avoid an escalation in the current tariff war, but such an agreement will not lead to harmonious coexistence between Beijing and Washington. Demands from Washington can be generalised into two main themes. One is asking China to open up its market further, and the other is asking China to reform its state-led… Source link

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China begins to embrace global sustainable investment trend, but big names still missing, says China chief of UN-backed body

The idea that companies’ environmental, social and governance performance should be weighed in investment decisions is beginning to catch on in China. Above, a dead fish floats in water filled with blue-green algae at the East Lake in Wuhan, Hubei province in this August 20, 2012 file photo. Photo: Reuters Source link

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As China gets used to buying on credit, it remains important for GM financing arm even as new car sales soften

As concerns are increasing about rising delinquency rates among car buyers in the United States, GM Financial, the car loans arm of US carmaker General Motors, is increasingly looking to mainland China for potential growth. Not only is China the world’s biggest market for car purchases, but Chinese buyers make larger down payments and pay off their loans quicker than their US counterparts when they borrow money for new or used cars. Beijing, pushing its electric vehicle market, is making it harder for start-ups to enter as it fights overcapacity…

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China 

How could a sharp slowdown in China affect growth prospects for the rest of Asia?

The threat of a sharper-than-expected economic slowdown in China could damage Asia’s growth prospects, according to analysts. While optimism is rising over continuing trade talks between the United States and China, they have yet to reach a deal and remain far apart on key structural issues. If the conflict were to intensify, China’s challenge would be to cushion its economy from a fall. China’s latest data on foreign trade, GDP growth and the purchasing managers’ index suggests the economy will continue to slow, at least for the next month or…

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