Auto sales in China fell 11.7% in March versus an 18.7% rise in February, industry data showed on Monday, as the country’s zero COVID-19 policies kept people from shopping for cars. Wealth of …
Monthly Archives For April 2022
Chinese oil giant CNOOC to raise up to US$5.1 billion in Shanghai IPO
The company will sell 2.6 billion shares at 10.8 yuan starting on Tuesday China’s largest offshore driller was delisted from New York Stock Exchange under Trump era executive order CNOOC, China’s …
Investing In China: Have We Seen The Bottom For Chinese Stocks?
While investors were focused on the much-anticipated Fed rate increase, it was Chinese stocks that stole the headlines with sharp falls and rises in the past month. To recap, a combination of concerns …
European business chamber writes to China’s State Council on challenges from COVID policy
The European Union Chamber of Commerce in China said on Monday it sent a letter to Beijing’s State Council describing the challenges firms are facing due to recent COVID prevention measures.In the …
Chinese telecom industry logs a 9% jump in Jan-Feb
The combined industrial revenue of China’s telecommunications sector rose 9% year-on-year to 258.6 billion yuan ($40.72 billion), a pace 3.2 percentage points faster than the same period last year, …
H.K. Billionaire Rebounds From Blunders With Win From Goto IPO
In 2005, he sold 20% of it to a state-owned firm now part of the China Unicom Group to cut down on debt after borrowing $12 billion to fund PCCW’s purchase of Hong Kong’s then…
Satellite Images Show China Readying Hundreds of Nuclear Missile Launch Sites; US Warned Over Taiwan
Beijing accelerated the work on nuclear missile launch facilities at a site in Gansu province; the Communist regime has been expanding its nuclear weaponry for months.
China’s CATL enacts ‘closed loop management’ at factory to fight COVID
Chinese battery giant Contemporary Amperex Technology has implemented a so-called “closed-loop management” system at its main factory to keep production going as the country battles an Omicron wave of …
Shanghai Covid crisis puts China tech on eggshells
Officials in Shanghai have called on Meituan and other food delivery apps to help feed the city’s 26 million residents under strict Covid-19 lockdowns. It’s a chance for the companies to win political …
The Commodities Feed: China Covid risks linger
There is growing concern over the Covid situation in China, with it appearing as though there is no end in sight for the lockdowns that we have been seeing. Shanghai reported another record amount of…
Interview: Rising influence of RMB reflects China’s robust economic growth, financial openness, says Pakistani expert
The consistent rise in international status and influence of the Chinese currency renminbi (RMB), or the yuan, reflects China’s robust economic growth, high-level financial openness and the financial …
European firms confident in Chinese market as China, EU deepen cooperation
… released by the German Chamber of Commerce in China and KPMG showed that nearly 60% of German companies in China reported improved business operations last year and 71% planned further investment …
COVID-19: China’s Shanghai to lift lockdown in some areas
Some areas are struggling to find food and medicine after spending more than three weeks locked down in China’s battle to contain its biggest COVID-19 outbreak since coronavirus was first discovered …
