China’s manufacturing activity improved in December but at its weakest rate in three months as the economy recovered from the coronavirus pandemic while its trading … ( read original story …)
Monthly Archives For January 2021
China makes debt rating agency pay for default, in a precedent for legal and financial service firms to be responsible for their work
The Hangzhou court’s ruling sets the precedent for bond underwriters, accounting and law firms to be financially responsible for bondholders’ losses, potentially offering a new road map for handling … ( read original story …)
China says opposes U.S. politicizing trade issues on U.S. delisting of Chinese telcos
China said on Monday it firmly opposes the United States government’s behaviour of politicizing trade issues after the New York Stock Exchange began delisting three Chinese telecom firms that … ( read original story …)
Beijing won’t retaliate strongly against the U.S. for delisting Chinese companies, analysts say
The New York Stock Exchange’s move to delist three Chinese companies has drawn ire from China, but analysts say Beijing won’t likely take significant action. ( read original story …)
China-US trade war: Biden team seeks to work out economic differences with EU and then pressure Beijing
In the backwash of China and the EU signing an investment accord, the incoming US government wants leverage to end China’s ‘problematic trade abuses’. ( read original story …)
China’s Dec factory activity moderates, higher costs hit firms
Activity in China’s factory sector rose in December as the world’s second-largest economy sustained its recovery to pre-pandemic levels, a business survey showed on Monday, however, increasing cost … ( read original story …)
China Banks, Developers Slump as Beijing Caps Loans to Curb Risk
Shares of Chinese banks and developers tumbled on Monday after regulators made an unprecedented move to cap loans for the real estate sector, the latest effort to snuff out systemic risks. ( read original story…
China Makes Rating Firm Pay for Debt Defaults for First Time
A Chinese court ruled that a local ratings firm should help compensate some creditors for a construction firm’s 1.4 billion yuan ($216 million) bond defaults three years ago, a first in the country as ……
How China Will Shape the Fashion System
While the industry in the West is struggling to tamp down COVID-19, China’s digital-first and fast-paced retail cycle is pulling ahead to better cater to its fashion lovers. The country ov … ( read original…
China’s Manufacturing Growth Moderates In December
China’s manufacturing sector growth moderated at the end of 2020 as output and new work logged slower expansions, survey results from … ( read original story …)
China manufacturing sentiment in December remained strong but pace of expansion eased
Activity among China’s smaller manufacturers decelerated slightly in December as the economy rounded out its 2020 recovery from the coronavirus outbreak, a private survey showed on Monday. The … ( read original story …)
Mainland Chinese lawyer who assisted one of Hong Kong fugitives in Shenzhen threatened with loss of licence
Lu Siwei has been given three days to defend ‘inappropriate remarks on the internet’, according to a document seen by the Post. ( read original story …)
China’s Three Big Telcos Slide on NYSE’s Move to Delist Shares
China’s state-owned telecommunications companies declined in Hong Kong after the New York Stock Exchange said it is delisting them to comply with a U.S. executive order that sanctioned companies … ( read original story …)
