City Guangzhou Financial News

24.07 / 13:27

COST Citi Reuters Toyota Southern fall Toyota's China venture dismisses some factory workers as sales fall - workers

Toyota Motor Corp has dismissed some workers at one of its plants in China, three workers told Reuters, as the Japanese automaker struggles with a price war and sales slump in the world's largest auto market. The joint venture between Toyota and China's state-owned Guangzhou Automobile Group (GAC) laid off the workers over the weekend and offered them compensation, said the workers, who declined to be named for privacy. The workers affected were hired by labor service companies and dispatched to work at the factory of GAC Toyota in the southern city of Guangzhou.

11.07 / 13:35

Citi Southern fugitive China: Fugitive killer arrested after 30 years, tells wife to find new husband

Beijing Youth Daily reported. Zhou’s accomplices were arrested soon after the crime, but he had managed to stay at large until the end of June when Hubei police apprehended him in the southern city of Guangzhou, where he had been hiding, the report said. A viral video showed that as police officers took Zhou away to board a train back to Hubei, he asked his wife to divorce him and remarry.

09.07 / 12:19

UPS Continental chess Humpy, Harika to spearhead India's challenge in Asian Games; chess league in country planned in December

Dronavalli Harika, for the Asian Games scheduled to commence in Hangzhou on September 23. Vidit Gujrathi and young Arjun Erigaisi in men's and Humpy and Harika in women's section will compete in the individual categories. The men's team comprises Grandmasters D Gukesh, Gujrathi, Erigaisi, P Harikrishna and R Praggnanandhaa.

09.07 / 11:13

Continental Koneru Humpy, Dronavalli Harika to spearhead India's challenge in Asian Games

India will send a strong 10-member chess contingent, including double Asian Games gold medallist Koneru Humpy and bronze medallist Dronavalli Harika, for the continental games, scheduled to commence in Hangzhou on September 23. Vidit Gujrathi and young Arjun Erigaisi in men's and Humpy and Harika in women's section will compete in the individual categories. The men's team comprises Grandmasters D Gukesh, Gujrathi, Erigaisi, P Harikrishna and R Praggnanandhaa.

01.06 / 22:03

CBDC Adoption retail Standard Standard Chartered, PwC make case for programmable CBDC in China Greater Bay Area

British multinational bank Standard Chartered and PwC China have teamed up to produce a white paper on applications for central bank digital currency (CBDC) in the so-called Greater Bay Area of China – Guangdong Province, Hong Kong and Macao. Programmability will make all the difference, they concluded.

31.05 / 01:55

COST UPS VISA Gap Airlines end Very few U.S.-China flights are back despite the end of Covid

BEIJING — Fewer than 6% of U.S. flights to and from mainland China that existed in 2019 have resumed, according to a Nomura report.

29.05 / 09:47

Pony.ai Introduces Driverless Robotaxi Service in Shenzhen, Following Successful Launch in Guangzhou

Chinese autonomous vehicle startup Pony.ai has introduced its driverless robotaxi service in Shenzhen.

31.03 / 13:09

Digital Man Citizens CNY China’s Digital Yuan Makes Import Tax, Commerce Breakthroughs – Are CBDCs Going Global?

Central bank digital currency (CBDC) adoption continues apace in China – where the digital yuan is breaking new ground in the worlds of import taxation and cross-border commerce.

24.03 / 15:03

UPS Citi Digital Platform Cross-border Digital Yuan Adoption Drives Now Focusing on Cross-border Pay – Are CBDCs Set to Take Over?

A growing number of Chinese government city authorities, banks, and firms are looking to adopt the digital yuan as a payment tool – as the central bank digital currency (CBDC) rollout continues to intensify.

30.11 / 13:43

Citi outbreak recovery China Recovery Set Back by Record Covid Outbreak as Lockdowns Spread

SINGAPORE—Widespread lockdowns imposed across China as authorities there struggled this week to contain the country’s largest Covid-19 outbreak threaten to again create uncertainty in global supply chains and dim the prospects for world economic growth.

30.11 / 13:31

Riot COVID protesters and riot police clash in China's fifth biggest city

Riot police clad in white hazmat suits clashed with protestors in the Chinese manufacturing hub of Guangzhou on Tuesday night.

29.11 / 17:01

Citi outbreak recovery China Recovery Set Back by Record Covid Outbreak as Lockdowns Spread

29.11 / 08:07

NFT Ripple Crypto Collectibles Nifty News: China’s lockdown protest NFTs emerge, Candy Digital cuts staff, and more

Nonfungible tokens (NFTs) depicting the ongoing protests in China against the country’s tough zero-tolerance COVID-19 policy have found their way to the NFT marketplace OpenSea.

27.11 / 17:03

Citi outbreak recovery China Recovery Set Back by Record Covid Outbreak as Lockdowns Spread

27.11 / 16:29

Football China: Calls for Xi Jinping to resign as rare COVID rule protests spread across major cities

Rare protests against China's strict “zero-COVID” policies continued in Shanghai and Beijing on Sunday afternoon, which had spread across the country after a deadly apartment fire in the northwestern city of Urumqi on Friday.

27.11 / 12:35

Football China: Protests over COVID controls spread across country after fatal fire

Protests against China's pervasive anti-virus controls that have confined millions of people to their homes spread to Shanghai and other cities after complaints they might have worsened the death toll in an apartment fire in the northwest.

26.11 / 14:37

Citi outbreak recovery China Recovery Set Back by Record Covid Outbreak as Lockdowns Spread

25.11 / 14:39

Citi outbreak recovery China Recovery Set Back by Record Covid Outbreak as Lockdowns Spread

02.11 / 12:59

Citi CBDC Digital Another Digital Yuan Giveaway Will See $2.75m Distributed in China’s Fuzhou

China’s digital yuan pilot continues to gather pace: The nation’s central bank is teaming up with an e-commerce heavyweight in an effort to boost adoption. The parties will be giving away another $2.75m worth of coins (in e-voucher form) in the city of Fuzhou, in China’s Fujian Province.

23.08 / 23:07

business Blockchain Adoption testing e-CNY China begins next phase of CBDC testing with e-CNY payment for public transport

According to multiple sources, on Tuesday, China officially began rolling out the next round of its central bank digital currency (CBDC) pilot test program. In the city of Guanzhou, it is now possible to pay for public bus rides with the digital yuan (e-CNY) CBDC on 10 transit routes, which is a first for the country. To do so, passengers simply need to download the e-CNY app, deposit funds and scan the QR code located in the bus payment section to pay for their ride.

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