City Fuzhou Financial News

18.10 / 13:23

markets Digital CAT trends PAM country social Pets in this country are 'working' in cafes, earning snacks as salaries

One example is 27-year-old PhD student Jane Xue, who decided to send her two-year-old Samoyed, OK, to work at a dog cafe in Fuzhou. For Xue, it’s a win-win situation. “It’s just like sending a child to school,” she told CNN. «OK gets to play with other dogs and won’t feel lonely, and we save on the cost of running the air conditioning all day.» Xue and her partner, who are often out on weekends, found the cafe job a perfect way for OK to socialize.

09.09 / 12:01

UPS Manufacturing economy Nov Healthcare hospital China opens more sectors to foreign investment

China deepened its push to further open up the economy, eliminating restrictions on the manufacturing sector and expanding opportunities for foreign investment in the health sector in an effort to revive growth. The Chinese government will reduce its list of industries off-limits to foreign investors to 29 from 31 and fulfill its pledge of zero restrictions on the manufacturing sector, the National Development and Reform Commission and the Commerce Ministry said in a joint statement on Sunday. The new list, set to take effect Nov.

03.04 / 01:23

UPS Citi Waves Reuters Southern reports Tsunami warning issued for Japan’s Okinawa after 7.5 magnitude earthquake

Okinawa. "Tsunami waves of up to 3 meters were expected to reach large areas of Japan's southwestern coast," according to the Japan Meteorological Agency, which put the quake magnitude at 7.5, as per Reuters report. Additionally, a powerful earthquake with a magnitude of 7.2 struck offshore Taiwan on the same day, shaking the capital city of Taipei and prompting tsunami warnings for the islands of southern Japan and the Philippines.

15.08 / 07:07

Citi Digital Progressive show cover Tianjin, China, Says It Has Processed $1.76bn Worth of Digital Yuan – CBDC Progressing?

The Chinese city of Tianjin says residents and businesses transacted a cumulative total of over $1.76bn worth of CBDC since it joined the digital yuan pilot in 2022.

09.01 / 22:49

Law Mining regulation CCP Former CCP official apologies for 'grave losses' as a result of supporting crypto miner: Report

Xiao Yi, the former Chinese Communist Party secretary of Fuzhou, has confessed to “acting recklessly” in support of crypto mining during a state-run television broadcast.

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