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Global FDI hit 15-year low in 2020, China overtook US

Global foreign direct investment flows ebbed to a 15-year low last year and China, one of the few major economies to eke out growth, overtook the United States as the top destination, OECD data showed on Friday.As the coronavirus wreaked havoc on the global economy, global FDI flows dropped 38% in 2020 to $846 billion,…

Nokia targets China fightback – Mobile World Live

HomeAsiaNews30 APR 2021Nokia CEO Pekka Lundmark (pictured) used the vendor’s Q1 earnings call yesterday (29 April) to vow it will bid in the next round of network tenders in China later this year.The CEO highlighted the competitiveness of China, a market he previously stated was an important target for Nokia.“We will participate in the upcoming…

China’s Paper Tiger Surveillance State

Credit: Flickr/Zach SternChina is the quintessential surveillance state: cameras perch on every street corner and bots monitor every corner of the internet. Chinese officials believe these measures will enable them to anticipate and preempt threats to the regime. But might Beijing’s growing reliance on surveillance actually weaken the Chinese Communist Party (CCP)’s hold on power?China’s…

WSJ News Exclusive | China Orders Tech Giants to Unbundle Financial Services

SINGAPORE—In recent years, China’s technology giants have turned consumers’ embrace of mobile payment apps into lucrative ecosystems offering a range of financial services, from personal loans to insurance policies.Now, Beijing wants to put a stop to that.On Thursday, China’s central bank and four other regulatory agencies told some of the country’s biggest financial technology firms—including…

China’s Xi offers more help to India in message to Modi

State media reported that Xi told Prime Minister Narendra Modi in a personal message of condolence Friday that he was “very concerned about the recent situation” in India with the COVID-19 outbreak.He said China is willing to provide additional support and assistance because “Mankind is a community of common destiny sharing weal and woe and…