1. TikTok assets cannot be sold with out CCP’s approval? It is said that TikTok deal could be postponed after the election.
2.Huawei focuses on cloud computing to secure its survival and probably plot to steal U.S. chips.
3. Sinopec H1 reported a loss of Rmb 21.7bn ($3.2bn), and its comprehensive income had a loss of Rmb 23.9bn ($3.3bn)
4.CCP banks faces the worst profit among the past decade. Profit at Industrial & Commercial Bank of China, China Construction, Agricultural Bank of China and Bank of China all dropped over 10%
G Translator / Finance and Law Team