Bloomberg Business

China Says Pivot Away From Covid Zero Predated Mass Protests

China said it started making major changes to Covid Zero even before nationwide protests widely credited with prompting the shift, as Beijing sought to counter the narrative that President Xi Jinping was forced to abandon a signature policy.

Country Garden Stocks Triple on Funding, China Property Support

Country Garden Holdings Co. and its sister company have both seen their stocks triple in value since late October, underscoring optimism about China’s top developer after a series of fundraising and as Beijing widens a property rescue campaign.

Taiwan Passes Its Chips Act, Offers Tax Credits to Chipmakers

Taiwanese lawmakers have passed new rules that let local chip firms turn 25% of their annual research and development expenses into tax credits, part of efforts to keep cutting-edge semiconductor technologies at home and maintain the island’s technology leadership.

Hong Kong Stresses Pro-Crypto Stance as Industry Reels

Hong Kong will be a great place for crypto, fintech and other startups to set up shop in the new year, the city’s financial secretary said on Monday, looking past the current upheaval in the industry.

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