Geely Automobile Holdings Ltd on Monday booked a 43% drop in half-year profit and trimmed its full-year sales goal, sending its shares down 4%, as the coronavirus outbreak continues to trouble the … ( read…
Monthly Archives For August 2020
Markets subdued after Japan’s GDP slumps and US-China trade talks postponed – business live
Global markets are subdued this morning, after Japan became the latest country to suffer a historic economic slump due to the Covid-19 pandemic. And with factory output weaker than hoped in June, the … (…
China Grants Country’s First COVID-19 Vaccine Patent to CanSino: State Media
China’s vaccine specialist CanSino Biologics Inc has won a patent approval from Beijing for its COVID-19 vaccine candidate Ad5-nCOV, state media reported, citing documents from the country’s … ( read original story …)
830,000 people tested, 21 Hema stores closed after Shenzhen staff found infected with coronavirus
Guangdong province swings into rapid action testing, sanitising and isolating to shut down potential new outbreak. ( read original story …)
Shenzhen becomes the first Chinese city to realize full-scale 5G deployment
Shenzhen, a city in South China’s Guangdong Province known as the ‘new Silicon Valley’ for playing host to a number of rising Chinese high-tech firms, announced on Monday that it has finalized its 5G ……
Here’s why postponing the U.S.-China trade deal review may not be a bad thing
It’s in the interest of the U.S. and China to have a little more time to review the progress of the phase one trade deal due to outstanding issues between the two, said David Dollar,…
China shares gain on reform hopes, PBOC boost; securities stocks shine
Securities firms soar on ChiNext listing expectations. PBOC issues 700 bln yuan in medium-term loans. SHANGHAI, Aug 17 (Reuters) – Chinese sha … ( read original story …)
Volvo Owner’s China Business Posts 43% Profit Drop on Pandemic
Geely Automobile Holdings Ltd., the Chinese automaker controlled by Volvo Cars owner Li Shufu, reported a 43% drop in first-half profit after the coronavirus outbreak shuttered factories and decimated … ( read original story …)
From livestreaming to online shopping, more and more China jobs are going digital
Since the coronavirus pandemic forced millions of people to stay at home, teaching students online and selling directly to consumers via live video streaming has taken off in China. ( read original story …)
China Traders Ready for Stock Daily Limits to Double Next Week
Stocks on China’s Nasdaq-like ChiNext board will be allowed to rise or fall 20% as of next week when the first batch of listings under revamped rules start trading. ( read original story …)
Chinese shares rise as central bank injects cash
China’s CSI 300 index of Shanghai- and Shenzhen-listed stocks gained 1.4 per cent in early trading on Monday after the central bank injected Rmb700bn ($101bn) of liquidity into the financial system … ( read original…
China’s Bank Regulator Warns Dollar Dominance Is Seed of Crisis
China’s top banking watchdog cautioned that U.S. dollar dominance combined with the massive stimulus unleashed by the Federal Reserve could push the world to the edge of another financial crisis. ( read original story …)
China central bank injects 700 billion yuan of MLF loans, rates steady for fourth month
China’s central bank on Monday rolled over maturing medium-term loans while keeping borrowing costs unchanged for the fourth straight month. ( read original story …)
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