15 Jun 2020
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On June 13, the People’s Bank of China (PBoC) announced that it had granted a network clearing license to American Express’s (AmEx) China joint venture, Express (Hangzhou) Technology Services.
Why that’s a big deal: This makes AmEx the first foreign payments netwo...
April 16, 2024
Meet the State Council's new international spin doctor. On Thursday, Mo Gaoyi was announced as director of the State Council Information Office (SCIO). Mo was simultaneously appointed as a deputy head of the Central Propaganda Department (CPD). Gao replaces Sun… Read More »
April 16, 2024
On Sunday, German Chancellor Olaf Scholz began his four-day visit to China, stopping in Chongqing and Shanghai. He is scheduled to meet Xi Jinping in Beijing on Tuesday. Some context: The EU is pushing back against China's alleged anti-competitive trade… Read More »
April 16, 2024
Top diplomat Wang Yi wants everyone to take a deep breath. On Monday, Wang separately called Saudi Foreign Minister Prince Faisal bin Farhan Al Saud and Iranian Foreign Minister Hossein Amir-Abdollahian to discuss heightened Middle East tensions. ICYMI: Over the… Read More »