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After conquering short-video market, Kuaishou guns for China’s gamers with promise of ‘support’

Kuaishou took China’s internet community by storm with its 15-second videos. Now it is after the growing number of consumers who go online to watch other people play video games.The Tencent Holdings-backed start-up said in a statement on Monday that it plans to “support” about one million video game broadcasters on its Twitch-like live-streaming service. A Kuaishou spokesman declined to provide details of this programme ahead of its formal launch on July 23.The company said its goal was to help… Source link

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Global 

Donald Trump accuses China of ‘letting us down’ by not keeping G20 promise to buy US farm goods

US President Donald Trump is accusing China of “letting us down” by not promptly buying more US farm products.“They have not been buying the agricultural products from our great Farmers that they said they would,” the president said on Twitter. “Hopefully, they will start soon.”After meeting with Chinese President Xi Jinping late last month, Trump said China had agreed to buy more US agricultural products as part of a ceasefire in the two countries’ trade war.The truce suspended US plans to… Source link

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China 

Trump’s Huawei promise met with silence from China as Beijing plays down prospects of progress

China has taken a cautions approach in its reaction to Saturday’s meeting between President Xi Jinping and US counterpart Donald Trump, remaining quiet over remarks made by the American leader in Japan that some restrictions would be lifted against telecommunications manufacturer Huawei.After a closed-door, 80-minute meeting between Xi and Trump at the G20 summit in Osaka, Japan, on Saturday, the government published only a short statement summarising the talks, which stated that the two… Source link

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China 

China’s economic census uncovers more fake data as officials promise ‘zero tolerance’ to data manipulation

Officials in the central Chinese city of Guanghan have been found to have gone to extraordinary lengths to manipulate raw data to obscure the real picture of the health of the economy, according to the National Bureau of Statistics, in the latest case to undermine the accuracy of economic data in the mainland.Local census staff from the county-level city in southwestern Sichuan province, which has a population of more than 600,000, had been instructed by local officials to create a system that… Source link

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China’s promise of responsible belt and road investments is in the hands of its bankers

Over the past few months alone, Chinese banks and corporations have been reinforcing a negative reputation with local people in places like Kenya, Myanmar and Peru, where Chinese-supported projects are taking root. In Kenya, communities have been raising concerns about harm from a coal-fired power project, sending three years of unanswered letters to the Industrial and Commercial Bank of China (ICBC), which is financing it. Kenyan litigation has stalled the project.In Myanmar, officials… Source link

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Does Japan’s Reiwa era promise a new economic dawn even as China rises?

On May 1, Japan will restart its clock, drawing the curtain on the Heisei era of Emperor Akihito and waking to a new – and hopefully brighter – Reiwa era of 59-year-old Emperor Naruhito. For many Japanese, this is perhaps not a moment too soon. For a couple of years, Japan’s economists have been talking up the “true dawn” unfolding in the country, as they try to put behind them the disaster, drift and global decline of three decades of Heisei.Most of their tentative optimism has arisen from… Source link

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Macau group targets rich Hong Kong retirees with promise of better quality of life in Greater Bay Area

A Macau conglomerate is targeting Hong Kong’s affluent retirees, urging them to leave the city’s cramped retirement homes for a better quality of life across the border in the Greater Bay Area.“It is time for Hong Kong’s retired people to embrace high-end housing and services,” said Amber Li, founder of Serensia Woods, a 300-unit retirement community in Zhuhai’s Hengqin area. “Hongkongers are among the wealthiest people in the world, but they live in cramped spaces.”The 2 billion yuan (US$298… Source link

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Hong Kong developers promise to sell 20 per cent of flats in housing projects on open market as government condemns ‘unfair’ tender process

The industry body for Hong Kong’s property developers said its members would from now on ensure that 20 per cent of flats in a new project are sold on the open market, as the government warned it could take action against those that sell through tender.Lawmakers have slammed developers for the increasingly widespread and “unfair” practice of selling new flats through tender, a marketing tactic they claim puts the buyer at a disadvantage. And they were quick to criticise Thursday’s decision by… Source link

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Vietnam 

Banks promise loans to struggling rice exporters – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — The State Bank of Việt Nam (SBV) has urged credit institutions to ensure adequate funds to meet the capital demands of rice exporters for the winter-spring crop this year. Since the Lunar New Year (Tết) holiday, the rice export market has seen prices dropping due to oversupply. The SBV directed commercial banks to focus on timely lending to enterprises so they can buy rice from farmers.  At a meeting held late last week in Đồng Tháp Province, commercial banks, including…

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Could promise of ‘spillover’ revenue make infrastructure investment more attractive for private sector?

The estimated cost of supplying the world – and its fastest growing region of Asia in particular – with infrastructure such as transport, energy and communications systems over the next couple of decades runs into trillions of dollars, and the gap between the finance needed and what is being spent at present likewise amounts to thousands of billions. How is the gap to be closed if economic growth and social welfare are not to suffer? Policymakers have been wracking their brains for decades over this question and are still nowhere…

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