A courier arranges parcels to be delivered to residents at a residential compound in Haidian District of Beijing, capital of China, Jan. 16, 2022. (Xinhua/Ren Chao) BEIJING, April 29 (Xinhua) — …
Monthly Archives For April 2022
Apple loses top spot in China as smartphone sales slump
Hong Kong (CNN Business)Just three months ago, Apple became the top-selling smartphone brand in China for the first time in six years. Now it’s fallen back behind its Chinese rivals after …
Shanghai’s lockdown is giving China’s online grocery apps a second chance
Without them, she would have run out of food. The Shanghai lockdown is the latest stage of a two-year roller-coaster ride for the online grocery industry in China. Its rise and fall and rise again…
Eileen Gu sparks praise and debate after thanking China in farewell post
“Thank you China,” complete with a Chinese flag and a heart emoji, might seem like an innocuous enough farewell message from China’s Winter Olympics superstar Eileen Gu. After winning two gold medals, …
China, U.S. discussing audit deal plan- sources
BEIJING/HONG KONG (Reuters) – China and U.S. regulators are discussing operational details of an audit deal that Beijing hopes to sign this year, sources familiar with the matter said, in the latest …
Renminbi on course for steepest monthly fall as China’s economy slows
The renminbi is set to close out its steepest monthly fall on record as China’s economy reels from severe Covid-19 lockdowns and the US Federal Reserve prepares to raise interest rates, driving global …
China battery maker CATL suffers profit fall as costs soar
as it battles soaring raw material costs and a resurgence of COVID-19 in China. That was down from 1.95 billion yuan profit a year earlier. Revenue rose to 48.68 billion yuan from 19.17 billion yuan…
Analysis-Globalised yuan complicates Beijing’s bid to stem capital flight
“I’m more worried about the impact from COVID” than yuan, said Jin Shengrong, finance manager at Chinese importer Nanjing … largely due to the fallout of Beijing’s tech crackdown, according to …
Globalised yuan complicates Beijing’s bid to stem capital flight
Combined with increasing tailwinds for the U.S. dollar, these risks could lead to further yuan weakness with the People’s Bank of China unable or less … largely due to the fallout of Beijing’s tech …
Fonterra says China dairy imports dropped 29 per cent in March
Covid-related port congestion and supply chain delays helped drive China’s imports of Fonterra dairy products down sharply in March, the co-op said in a global market update. It said China’s import …
China pledges to stabilise economy as COVID-19 closures raise risks
Beijing | China will step up policy support to stabilise the economy, including its embattled internet platforms, as domestic COVID-19 outbreaks and the Ukraine war raise risks, a top decision-making …
China’s Covid lockdowns: What you need to know about restrictions hitting up to 180 million people
China has introduced lockdown measures in its two biggest cities, Beijing and Shanghai — the twin engines that power much of the nation’s economy — in an uncompromising bid to stamp out Covid-19 …
China to step up policy support to steady economy
BEIJING (Reuters) -China will step up macroeconomic policy support to stabilise the economy as domestic COVID-19 outbreaks and the Ukraine war raise risks, state media quoted the Politburo, a top …
