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Monthly Archives For December 2021
China’s Huawei says 2021 revenues down almost 30%, sees challenges ahead
BEIJING: Chinese telecoms equipment giant Huawei Technologies Co Ltd, battered by U.S. sanctions, expects 2021 revenue to have declined nearly 30% and predicted continued challenges in the New Year.
Asian stocks fillip by China tech rally
Hang Seng Tech Index rose about 4% and China climbed in wake of Nasdaq Golden Dragon China Index’s biggest one-day jump since 2008 on Thursday, though it’s still down more than 40% for 2021.
China factory activity edges up in December as commodity prices ease
Manufacturing activity in China edged up in December, official data showed Friday, beating expectations as the price of commodities eased and despite sporadic closures due to Covid outbreaks. The …
China reports 195 new Covid-19 cases
China reported 195 new confirmed coronavirus cases on December 30, from 207 a day earlier, its health authority said Friday. Of the new infections, 166 were locally transmitted, according to a …
Putin wishes Beijing 2022 success in New Year greetings to Xi
Russian President Vladimir Putin wished 2022 Beijing Winter Olympics success in a message of New Year greetings to Chinese President Xi Jinping, according to a statement released by the Kremlin on …
China’s December factory activity edges up despite virus outbreaks
China’s factory activity unexpectedly accelerated in December, but only by a small margin, according to an official survey released on Friday.
Asia Stocks Boosted by China Tech Rally; Oil Falls: Markets Wrap
Asian stocks may get a boost Friday from a surge in U.S.-listed Chinese shares. American equities dipped from a record high and Treasuries climbed in thin year-end trading.Most Read from …
China Dec Factory Activity Unexpectedly Accelerates – Official PMI
China’s December factory activity unexpectedly accelerated despite disruptions from COVID outbreaks and as the economy loses momentum in the fourth quarter, according to an official survey released on …
Didi reveals US$4.7bil loss ahead of Hong Kong IPO next year
Didi Global Inc disclosed a US$4.7bil (RM19.60bil) loss after revenues shrank in the September quarter, revealing the rising cost of a series of regulatory actions that will force China’s ride-sharing …
China central bank makes biggest weekly cash injection in two months
China’s central bank injected short-term funds through open market operations on Friday, bringing the weekly net cash support to the highest in two months.The People’s Bank of China (PBOC) said it …
China tech giants invest like there’s no stock slump
Amazon’s stock rose 6.5% during 2021, while its closest Chinese equivalent, Alibaba, lost nearly half its market capitalization. So why is Alibab …
China manufacturing activity continues to expand, beating exceptions in December
The official manufacturing purchasing managers’ index (PMI) rose to 50.3 in December, up from 50.1 in November The official non-manufacturing PMI, which measures business sentiment in the services and …
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