China’s official gauge of business activity outside factory floors expanded faster in August as the country’s service sector showed more signs … ( read original story …)
Monthly Archives For August 2020
China says manufacturing activity expanded in August, slightly missing expectations
China’s official manufacturing Purchasing Manager’s Index (PMI) for the month of August came in at 51.0 as compared to 51.1 in July, according to the National Bureau of Statistics. ( read original story …)
China’s factory activity expands at a slower pace in August: official PMI
China’s factory activity expanded at a slightly slower pace in August, missing analysts’ expectations, dragged lower by disruptions from floods and adding to risks for the world’s second-largest … ( read original story …)
Growth in China’s services sector accelerates in August: official PMI
Activity in China’s services sector expanded at a much faster pace in August, official data showed on Monday, as demand across the economy continues to recover from a coronavirus-induced slump. ( read original story …)
China’s Mega Banks Post Worst Profit Slump on Bad Debt Wave
China’s biggest banks suffered their worst profit decline in more than a decade as a cascade of loans to businesses across China are going bad.Reporting their first-half earnings on Sunday, Industrial … ( read original…
China reports 17 new COVID-19 cases on August 30 vs nine a day earlier
China reported 17 new COVID-19 cases on Aug. 30, up from 9 reported a day earlier, the country’s health authority said on Monday. ( read original story …)
US sanctions on China’s Huawei spell trouble for Shenzhen economy
A downturn in Huawei’s business would not only deal a blow to Shenzhen’s economy, but undermine confidence in China’s technological and economic strength, analysts say. ( read original story …)
Europe should stop grovelling to Beijing
China’s foreign minister, Wang Yi, is on a hurriedly arranged damage-limitation visit to Europe. He is not coming to Britain. Our stance on Hong Kong and 5G technology puts us in the diplomatic … (…
Asia Pacific stocks set to trade mixed; China’s August manufacturing activity data ahead
China’s official manufacturing Purchasing Managers’ Index for August is set to be released at around 9:00 a.m. HK/SIN on Monday. ( read original story …)
Jack Ma’s Ant Fuels Tech IPO Frenzy Not Seen Since Dotcom Bubble
Ant Group’s potentially record-sized initial public offering could propel technology capital-raising in 2020 past the dizzying heights of the dotcom bubble, an extraordinary showing in a … ( read original story …)
What Happens To The Phase One China Trade Deal If Biden Is President?
Joe Biden will be elected president on November 6. What happens to one of the biggest signature trade policies of the Trump era in that case — the “amazingly great” China phase one trade deal?…
TikTok Deal Talks Slowed Over New China Rules Designed to Affect Sale
Plans to quickly finalize a deal between the Chinese parent company of TikTok and suitors for the app’s U.S. operations have been thrown off track as the parties huddled this weekend to weigh new ……
China doesn’t know if its coronavirus vaccines work, but it wants other countries to use them
Coronavirus vaccine updates from China indicate that several of the experimental drugs that are in the final stages of testing have received approval for emergency use in the country. Drugs from … ( read original…
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