Moody’s downgraded Chinese property developer Shimao Group Holdings on expectations that the company will find it harder to repay investors on time.
Monthly Archives For February 2022
‘China-chic’ jewellery brand Hefang makes duty free debut with CDFG in Haitang Bay
Hefang founder Sun Hefang is a rising star of the jewellery world, one whose work appeals to a patriotic younger generation with a strong loyalty towards China-made products.
ZF to develop chassis for Baidu’s smart EV brand Jidu
German supplier ZF Friedrichshafen AG will assist Jidu, a smart electric-vehicle brand of Chinese self-driving technology developer Baidu, to develop chassis and other components.
Tesla To Break Ground On New Manufacturing Plant In China
Tesla To Break Ground On New Manufacturing Plant In China Electric vehicle maker Tesla (TSLA) plans to break ground on a new manufacturing plant …
China’s Alibaba Shares Slump as Revenue Growth Disappoints
China’s Alibaba Group Holding shares slumped over 6% on Thursday after the e-commerce giant recorded the slowest revenue growth since it went for an IPO in 2014. The multinational technology giant …
Coronavirus: hundreds of medical staff from mainland China set to treat Hong Kong Covid-19 patients after government invokes emergency law
Beijing is finalising plan to mobilise hundreds – if not thousands – of mainland medical personnel to operate temporary facilities in the city, sources say Covid-19 crisis continues to escalate, with …
Vehicle export rally extends
Vehicle exports from China continued to forge ahead in January, spiking 88 percent from a year earlier to some 231,000, the China Association of Automobile Manufacturers said this week.
Alibaba quarterly revenue grows at slowest pace on record as business in China remains hobbled by tightened regulation, weak consumer spending
The e-commerce giant’s revenue in the quarter ended December rose 10 per cent to US$38.07 billion, which missed analysts’ consensus estimates Net income was down 74 per cent from a year ago to US$3.21 …
China Antigraft Body Says Financial Agencies Lack Risk Awareness
China’s top disciplinary watchdog criticized financial agencies for lacking risk awareness following a probe of the country’s regulators and state banks. Some agencies “do not have sufficient …
China refuses to call Russian attack on Ukraine an ‘invasion,’ deflects blame to U.S.
BEIJING — China’s Foreign Ministry spokesperson refused to categorize Russia’s attack as an “invasion” during a press conference Thursday. Russian President Vladimir Putin announced an attack on …
China calls for talks on Ukraine, OKs Russian wheat imports
China has repeated calls for talks to resolve the crisis in Ukraine while refusing to criticize Russia’s attack and accusing the U.S. and its allies of worsening the situation …
China’s net gold imports via Hong Kong slid in January
Feb 24 (Reuters) – China’s net gold imports through Hong Kong dropped by 5.6% to their lowest level in five months in January, official data showed, although demand rose on an annual basis. Net …
China’s Supreme Court adds digital currency to list of illegal fundraising methods
China’s hardline policy on crypto took another turn on Thursday as the Supreme Court of the country revised its judicial interpretation for illegal fundraising to include digital currency …
