In Depth: How Chinese companies can exit social credit blacklists

In Depth: How Chinese companies can exit social credit blacklists

Authorities in eastern China’s Wenzhou caught a pet products store selling veterinary drugs in October 2018 without a license. They fined the owner 10,000 yuan ($1,405) and added his company to an online government list of businesses recently cited for illegal...
Top Japanese companies furlough thousands as demand plummets

Top Japanese companies furlough thousands as demand plummets

TOKYO — Leading Japanese companies including IHI and West Japan Railway have joined the growing ranks of businesses furloughing employees to weather the financial hit from the pandemic, further exacerbating the economic pain for ordinary workers. IHI, a jet...
Taiwan tech companies’ China exit fuels $25bn investment drive

Taiwan tech companies’ China exit fuels $25bn investment drive

TAIPEI — The rumble of construction rings out in the northern Taiwanese city of Taoyuan, a sound that has become more common on the self-ruled island — and one that heralds change in mainland China. Dozens of workers in masks scurry across the site as two...
Japan to offer $112bn safety net to companies hit by pandemic

Japan to offer $112bn safety net to companies hit by pandemic

TOKYO — The Japanese government will provide 12 trillion yen ($111.62 billion) in aid to companies to help them cope with the effects of the new coronavirus. The Development Bank of Japan and public-private funds will use subordinated debt and stock purchases to...
Fears of Wall Street delisting drive Chinese companies to Plan B

Fears of Wall Street delisting drive Chinese companies to Plan B

NEW YORK/HONG KONG — China’s biggest tech players are reaching for contingency plans for raising capital on the heels of the U.S. Senate passing legislation that could oust them from the New York exchanges. A common pillar of those contingency plans is to...