News That Matters

Tag: China&#039s

Huge fossil discovery made in China's Hubei province

Huge fossil discovery made in China's Hubei province

Science
Scientists say they have discovered a "stunning" trove of thousands of fossils on a river bank in China. The fossils are estimated to be about 518 million years old, and are particularly unusual because the soft body tissue of many creatures, including their skin, eyes, and internal organs, have been "exquisitely" well preserved. Palaeontologists have called the findings "mind-blowing" - especially because more than half the fossils are previously undiscovered species.The fossils, known as the Qingjiang biota, were collected near Danshui river in Hubei province. More than 20,000 specimens were collected, and a total of 4,351 have been ...
China's tech-savvy millennials are fueling interest in US stocks

China's tech-savvy millennials are fueling interest in US stocks

Finance
As China's technology companies have become some of the largest in the world, they're influencing the investing habits of their employees and customers, and spurring a new business of online stock trading. Real estate remains by far the hottest investment in China, but young people are increasingly turning to new smartphone apps to trade stocks. Those are often shares of familiar Chinese tech giants such as Alibaba, or the host of other homegrown companies that have chosen to list in the U.S. or Hong Kong. China's domestic online retail securities market is already the largest in the world. For offshore assets, consulting fir...
Italy is reportedly going to support China's Belt and Road program

Italy is reportedly going to support China's Belt and Road program

Finance
Italy is planning to officially announce its support for China's Belt and Road Initiative this month, the Financial Times reported Wednesday. It would be the first endorsement by a G-7 nation, the report pointed out. Chinese President Xi Jinping's regional infrastructure investment program is widely seen as Beijing's attempt to expand its influence globally through the construction of a network of land and maritime routes across Asia, the Middle East, Africa and Europe. Critics say that through the project, China forces developing nations to take on high debt burdens while benefiting Chinese companies which are often state-ow...