Indebted China Evergrande Group’s shares and bonds were under fresh pressure on Thursday after media reports that the company would suspend interest payments due on loans to two banks later this month …
Monthly Archives For September 2021
China Factory Inflation Surge to Add Pressure to Global Prices
China’s factory-gate inflation accelerated to a 13-year high, adding to the pressure on global consumer prices which have been pushed up by a commodities boom, soaring shipping costs and an uneven …
Chinese businessman Qin Shuren gets 2 years in jail for exporting US marine tech to China
A Chinese businessman was sentenced on Wednesday to two years in prison after admitting that he illegally exported marine technology with uses in anti-submarine warfare from the United States for the …
COLUMN-Were China’s August commodity imports strong? Depends on your time frame: Russell
China’s imports of major commodities appeared to show signs of strength in August, but the gains in volumes are more nuanced and illustrate the difference between a short-term view and longer-term …
Arcane Crypto Places First Bitcoin Mining Rig Order
Full-service digital finance platform Arcane Crypto has announced its first purchase of bitcoin mining equipment via subsidiary Arcane Green Data Services.
China’s first mRNA COVID-19 vaccine production base to be put into use in October
Web. China’s first mRNA vaccine against COVID-19 production base located in Southwest China’s Yunnan Province set up recently is expected to be put into use …
China sees COVID-19 vaccine partners Cambodia, UAE achieve highest inoculation rates
With close connection with China on COVID-19 vaccines, Phnom Penh in Cambodia has become the capital city with the highest vaccination rate in the world, while the United Arab Emirates now has the …
Hard Luxury Brands Tap Co-Stars in Hot Chinese Drama as Spokespeople
LVMH-owned jeweller, Bulgari, on Wednesday announced Chinese actor Yang Yang, the leading man in one of China’s most popular dramas of the year, You Are My Glory, as its new spokesperson. This move …
Byju’s To Raise $400- $600 Million Ahead Of IPO Amid Booming Tech Sector
Byju could close the pre-IPO fundraising in a few weeks at a valuation of about $21 billion, said one of the people, asking not to be named because the details are private …
Kunshan Guoli Electronic Technology’s IPO to debut on SSE STAR Market
Kunshan Guoli Electronic Technology (688103) to start trading on the Shanghai Stock Exchange’s STAR Market Sep 10, tomorrow. The firm has issued 23.89 mln shares priced at RMB 12.04 per share raising …
COVID-19: Asian Youth Games in China postponed to 2022 COVID-19: Asian Youth Games in China postponed to 2022
The Asian Youth Games have been postponed by more than a year to December 2022 because of the COVID-19 pandemic, the organizers announced on Wednesday. The games were due to be held in Shantou city…
China property market rocked as giant Evergrande struggles to repay $300bn debts
Shares in Hong Kong-listed firm slump 10% and bond trade suspended amid fears of contagion in shaky Chinese real estate market …
ZTE exclusively wins bid for 5G nomadic base stations from China Mobile Research Institute
Shenzhen, China – ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the mobile internet, today announced …
