China’s economy started the new year on a weaker footing as new coronavirus outbreaks and pandemic-containment measures sapped factory production and weighed on the country’s services recovery. ( read original story …)
Monthly Archives For January 2021
ICBC, WeChat among world’s top-10 brands
The report, which put China’s WeChat in the top 10 for the first time, revealed that United States and Chinese brands together account for two-thirds of the world’s brand value. It found 21 of the…
China temporarily bars entry of foreigners travelling from Canada
China has temporarily banned entry of foreign nationals travelling from Canada, even if they hold valid Chinese residence permits for work, the Chinese consulate in Toronto said. ( read original story …)
China greenlights five sci-tech innovation IPOs
China securities regulator has approved the initial public offerings IPOs of five companies on the science and technology innovat … ( read original story …)
China’s Manufacturing, Services Sectors Weaken in January
An official indicator of China’s manufacturing activity has weakened for a second consecutive month in January, following outbreaks of domestic COVID-19 cases that affected the operations of some … ( read original story …)
Chinese capital Beijing cracks down on illegal use of loans for real estate
Financial authorities in the Chinese capital of Beijing will launch a city-wide probe into illegal flows of funds from personal loans into the real estate sector, the official Xinhua new agency … ( read original…
Britain launches new visa for millions of Hongkongers fleeing China’s crackdown
Scheme allows Hong Kong residents with a BNO passport to live and work in the UK with a pathway to citizenship after five years … ( read original story …)
Foreign telemedicine firms struggle to crack China market on guanxi hurdle despite vast opportunities
Personal connections or business networking remain a barrier for foreign telemedicine companies seeking a toehold in the world’s second-largest health care market, according to Singapore-based DocDoc. ( read original story …)
China reports biggest rise in new coronavirus cases in six days
China reported on Sunday the biggest daily increase in new coronavirus cases in six days, driven by a jump in infections in a northeastern city. ( read original story …)
Retail buyers flood China’s Kuaishou HK IPO with $162 billion offered
China’s Kuaishou Technology raised $5.4 billion from its IPO, the top of the range, with offers from retail investors reaching a mammoth $162 billion, nearly half of it backed by margin loans, three … (…
Fearing Beijing crackdown, thousands flee Hong Kong for the U.K.
Cindy, a businesswoman and mother of two young children, is one of thousands of people fleeing Hong Kong since Beijing imposed a draconian national security law on the territory last summer. ( read original story…
Thousands flee Hong Kong for UK, fearing China crackdown
Thousands of people from Hong Kong are fleeing their hometown since Beijing imposed a draconian national security law on the territory last summer … ( read original story …)
China’s factory activity expands at slower pace in Jan – official PMI
China’s factory activity expanded at a slower pace in January, but still in line with the strong recovery from the coronavirus slump seen in the world’s second-largest economy. The official … ( read original story…