China’s independent refineries are snapping up fuel oil, resuming imports after a nearly five-year hiatus, as Beijing’s crackdown on crude oil quota trading along with new fuel taxes limit refinery …
Monthly Archives For June 2021
Biden wants the G-7 to unite against China. Beijing’s trade wars are helping.
China’s aggressive economic diplomacy is pushing America’s allies bruised by Trump’s go-it-alone foreign policy back into the U.S. orbit.
China’s digital currency: Beijing firms launch trials with employee salaries
China is rolling out another $6.2 million worth of its digital currency as part of an ongoing trial run. Residents in Beijing can join an online lottery through banking apps. Winners get electronic …
China credit slowdown ‘happening faster than expected’ even as bank loans rose unexpectedly in May
Banks in China extended 1.5 trillion yuan (US$235 billion) in new yuan loans in May, up from 1.47 trillion yuan in April and beating analysts’ expectations of 1.41 trillion yuan.
Long road to success: From 1978 to 1,000 brands at China International Consumer Products Expo
Over 1,000 global brands gathered at the first China International Consumer Products Expo in Haikou, capital of south China’s Hainan Province in May. With a large host of business, trade, invention …
Didi, The Uber Of China, Files For U.S. IPO As Covid Recovery Continues
Didi, China’s riding sharing leader, on Thursday took a step toward a U.S. listing that could be one of the year’s largest IPOs. The offering would test investor interest in China businesses with have …
China Youran Dairy Said to Price $643 Million Hong Kong IPO at Bottom
China Youran Dairy Group Ltd. and its shareholder, private equity firm PAG, have raised about HK$5 billion ($643 million) after pricing the dairy product maker’s Hong Kong initial public offering at …
China Still Buys American DNA Equipment for Xinjiang Despite Blocks
The U.S. government has long tried to prevent the sales over concerns about rights abuses and surveillance. Documents show those efforts have failed.
Didi embarks on ultimate IPO road-test
Didi is cruising headlong into some rocky terrain. The Beijing-based ride-hailing giant on Thursday unveiled plans to go public in New York. Growth has resurged, but exuberant markets, U.S. political …
China may not be a member of the G7, but it’s dominating the agenda
CNN will be launching the Meanwhile in China newsletter on June 21, a three-times-a-week update exploring what you need to know about the country’s rise and how it impacts the world. Sign up here.
China’s auto sales fell 3% in May, first drop in 14 months
Vehicle sales in China fell 3% in May from the same month a year earlier, snapping a streak of 13 consecutive months of gains since April 2020, industry data showed on Friday.
China stocks slide as liquor, financial firms retreat; Hong Kong up
China stocks slipped on Friday, weighed down by liquor and financial stocks, after data showed the country’s broader credit growth slowed in May. ** The CSI300 index fell 0.8% to 5,230.86 points at …
Didi, The Uber Of China, Files For U.S. IPO As China Covid Recovery Continues
Didi, China’s riding sharing leader, on Thursday took a step toward a U.S. listing that could be one of the year’s largest IPOs. The offering would test investor interest in China businesses with have …
