With the market saturated in China’s top-tier cities, luxury brands are turning to fashion-conscious millennials in second- and third-tier cities such as Chengdu and Hangzhou. ( read original story …)
Monthly Archives For January 2021
China economy grows in 2020, only major economy to rebound from coronavirus
China eked out 2.3 percent economic growth in 2020, likely becoming the only major economy to expand as shops and factories reopened relatively early from a shutdown to fight the coronavirus while the … (…
China’s top banking watchdog rebuts criticism of ‘state capitalism’
HONG KONG/BEIJING, Jan 18 (Reuters) – China’s top banking regulator said on Monday it was incorrect to label China’s economic system as being “state capitalism”, in the wake of recent criticism of … ( read…
Chinese Vaping Firm Seeks Up to $1.2 Billion in U.S. IPO
Chinese e-cigarette maker RLX Technology Inc. is looking to raise as much as $1.17 billion from a U.S. initial public offering, highlighting how American stock exchanges remain attractive fund-raising … ( read original story …)
China’s Kuaishou to open books for $5 billion Hong Kong IPO next week – sources
Chinese online short video company Kuaishou will open the books for its Hong Kong initial public offering to raise at least $5 billion next Monday in the city’s biggest float in more than a year,…
Crypto News Recap: BTC Correction Might Not be over Yet, Nvidia Mulls Making Mining GPUs Again
The world’s first cryptocurrency price (trading now around $35,230) lost around 1.35% of its value over the last 7 days. Source: coinmarketcap.com … ( read original story …)
China’s economic recovery picks up speed after Covid-19 shock –business live
Bloomberg explains that China’s growth beat forecasts, and will aid the global economic recovery this year: “China has more than returned to trend growth,” said Raymond Yeung, chief economist for … ( read original story…
NCS launches innovation centre in Shenzhen, eyes further expansion in China
Local information technology firm NCS launched an innovation centre in Shenzhen city on Monday (Jan 18) to drive cross-border collaboration in applications of 5G and other emerging technologies such … ( read original story …)
Forum on Chinese cultural economy held in Beijing
The second session of the Academic Forum on Chinese Cultural Economy was held at the Renmin University of China in Beijing on Saturday … gave a keynote speech on aspects such as cultural finance, ……
China’s growth faces underlying risks beyond Covid in 2021: Mizuho Bank
China tensions and boosting domestic growth without increasing financial risk remain daunting tasks ahead for the Chinese economy, says Vishnu Varathan of Mizuho Bank. ( read original story …)
Lack of detail in Angola’s debt deals with China could hide future risk
Three-year relief package with Exim Bank unlocks more IMF funding but agreements with two other Chinese banks may be less favourable. ( read original story …)
China’s V-shape recovery is ‘complete,’ but analysts warn of a slowdown ahead
There is no full-scale lockdown in most locations in the country,” said Iris Pang, chief economist for Greater China at Dutch bank ING. She said in a Monday note that the Chinese economy is forecast…
China’s economy grows at fastest pace in two years
China powered to a 6.5 per cent year-on-year expansion in the fourth quarter, beating economist estimates for 6.2 per cent growth in the world’s second largest economy, which is good news for … ( read…
