FCMB SME race to China
29 April 2019 | 11:00 am
FCMB SME race to China.
Although the virtual meeting between the US and Chinese leaders did not lead to any big breakthroughs, both sides expressed willingness to cooperate on "guardrails" to prevent competition from turning into catastrophe.
"Spiritual opium" is how the Chinese brand video games. After a tightening of the noose around the industry and rules at the start of the school year that limit screen time for teens to three hours a week, Fortnite has announced that it is folding. Three years on and one billion dollars spent, the popular survival game never got regulatory approval, despite the financial backing of Chinese tech giant Tencent. So what is the matter with Fortnite?
China said it took the punitive step after self-ruled Taiwan opened a de facto embassy in Lithuania.
Chinese officials ordered some of the country's biggest companies — including Alibaba, Tencent and Baiidu — to pay fines for failing to report corporate acquisitions over the past eight years.
President Joe Biden has invited 109 countries to the virtual summit which will take place on December 9 and 10. China said adding Taiwan to the guest list was a "mistake."
China's post-COVID recovery has been hurt by Beijing's crackdown on real estate and tech giants. Strong exports have, until now, saved the economy but what happens when global demand for Chinese goods slows?
East Africa has been ramping up efforts to expose its citizens to Chinese culture - particularly through language. In Kenya Mandarin is offered as a selective language in the national curriculum, while in Uganda it’s now a compulsory subject in some schools. But is this simply an exchange of cultures, or is there more to it?
Chinese real estate giant Evergrande, saddled with around $300 billion in debt, has been struggling to meet interest payments on its loans. If it collapses, some of its partner firms could be driven to bankruptcy, prospective homebuyers could lose deposits and some banks would lend less money, which would lead to a credit crunch in the world's second-biggest economy. Property developers in China have in fact created an oversupply: there is enough empty property in the country to house more than 90 million people. FRANCE 24's team reports.
The EU Commission on Wednesday (1 December) unveiled its plan to invest €300bn by 2027 in global infrastructure in digital and climate projects - as an alternative to China's Belt and Road initiative.
The governing body of women's tennis took the decision after Peng made an allegation of sexual abuse against a Chinese official. WTA chairman Steve Simon said he worried about player safety at tournaments in China.
Since September, the name Evergrande has caused panic on stock exchanges around the world. Paralysed by $300 billion in debt (€260 billion), or the equivalent of 2 percent of Chinese GDP, the country's second-largest real estate developer is now threatening Chinese growth. Evergrande has more than 1,300 construction projects across China, as well as financial products, electric cars, livestock, bottled water and even a football club.
The EU and China have pledged to boost funding of green investment projects in ASEAN. But will these erstwhile partners, whose relations have soured over the past year, be able to work side by side?
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China is bracing itself for the possibility property group Evergrande could default on its huge $300 billion debt pile. Many of Evergrande's creditors are ordinary Chinese who may lose much of their life savings.
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Thousands of Malians take to the streets after the junta calls for protests against sanctions imposed by the West African regional bloc ECOWAS. Also, on the 11th anniversary of Ben Ali's ouster, hundreds of demonstrators in Tunisia defy a ban on public gatherings to protest against President Kais Saied's power grab. And we bring you the latest from the Africa Cup of Nations. Our reporters on the ground have all the day's action.
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Boris Johnson has apologized for attending an event in the back garden of 10 Downing Street on May 20, 2020, at which point Britons were prohibited from gathering due to strict coronavirus restrictions. At the start of the weekly session of Prime Minister's Questions, Johnson said he did attend the gathering for 25 minutes before going inside to work. He said he believed the gathering to be a work event, but with hindsight conceded he should have sent attendees back inside.
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After a pause due to the pandemic, Dion had been scheduled to resume her world tour in November 2021 with a slate of performances in Las Vegas. Those dates were canceled in October after she began “experiencing severe and persistent muscle spasms,” she said at the time on Twitter.
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The United States has accused Russia of planning a so-called “false flag” operation in eastern Ukraine, in an attempt to create an excuse for an invasion. The Pentagon says there is evidence Russian agents might already be in the country to carry out acts of sabotage and blame Ukraine for them.
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China's economy grew by 8.1 percent last year, but the expansion slowed towards the end of 2021. FRANCE 24's Cole Stangler takes a closer look at the factors holding up growth, from sluggish retail sales to the high cost of Covid-19 lockdowns.