China Evergrande Group kicked off a nationwide sales promotion with a 30% discount on all real estate properties as the developer tries to boost sales and meet its target of cutting debt by half. (…
Monthly Archives For September 2020
China August exports rise 9.5% y/y, beat forecasts; imports down 2.1%
China’s exports in August rose at a faster-than-expected pace, increasing by 9.5% from a year earlier, though imports dropped 2.1%, customs data showed on Monday. China posted a trade surplus of … ( read original…
China says August exports beat expectations, jumping 9.5% from a year ago
China’s dollar-denominated exports rose 9.5% for the month of August while imports fell 2.1% in the same period, data from the country’s General Administration of Customs showed on Monday. ( read original story …)
China August exports rise 9.5% year-on-year, beat forcasts; imports down 2.1%
China’s exports in August rose at a faster-than-expected pace, increasing by 9.5% from a year earlier, though imports dropped 2.1%, customs data showed on Monday. ( read original story …)
China’s driverless car upstarts see robotaxis scaling up in 3 years as tech firms race to get ahead
A number of so-called “robotaxi” projects have popped up in the world’s second-largest economy over the past two years, with the companies involved eyeing creating viable autonomous ride hailing … ( read original story …)
Top Democrat accuses U.S. attorney general of lying about China election threat
The Democratic chairman of the House of Representatives Intelligence Committee on Sunday accused U.S. Attorney General William Barr of lying when he said China posed a bigger threat to November’s U.S. ( read original story…
A Bubble Scarier Than Big Tech Is Brewing in China
In China, an even scarier bubble than Big Tech is brewing. It’s engineered not by the nation’s notorious mom-and-pop investors, but professional stock pickers. These days, even a soy sauce maker can … ( read…
China Jan-Aug iron ore imports at 760 mln tonnes – customs
China Jan-Aug soybean imports at 64.74 mln tonnes – customs * China Jan-Aug unwrought copper imports at 4.27 mln tonnes – customs Reporting by Beijing Newsroom and Dominique Patton; Editing by Kim Cog … (…
China Plans Caps on Ant’s Lending Rates to Control Risk
China’s financial regulators plan to cap the interest rates Ant Group can charge borrowers on quick consumer loans, a move that could curb the financial technology giant’s biggest revenue driver as it … ( read…
China’s experimental reusable spacecraft lands successfully: Xinhua
An experimental reusable spacecraft launched into orbit two days ago by China has successfully returned to a designated site on Sunday, the official Xinhua News Agency reported. ( read original story …)
With Shenzhen poised in the wings, is Hong Kong’s time in the sun over after protests, Covid-19 and US-China row?
Hong Kong’s premier position has weakened in the past year as it was rocked by months-long civil unrest and hit by economic recession amid pandemic. ( read original story …)
RPT-INSIGHT-TikTok troubles narrow gap between Beijing and ByteDance founder Zhang Yiming
ByteDance founder Zhang Yiming has long positioned himself as a global internet entrepreneur, largely eschewing Chinese government involvement, but U.S. demands to sell his crown jewel TikTok are … ( read original story …)
China Returns to Old Construction Playbook to Boost Growth
China is returning to its stimulus playbook, with local governments borrowing a record amount to spend on infrastructure this year to drag the economy out of its coronavirus- induced slump.In past … ( read original…
