Containers full of frozen food and chemicals are piling up at China’s biggest port in Shanghai as a Covid lockdown in the city and compulsory virus testing means truckers can’t get to the docks to…
Monthly Archives For April 2022
Chinese Gen Z want ‘China chic’ not foreign brands, as the rise of Anta Sports at the expense of Adidas and Nike in China shows
The ‘China chic’ or guochao trend has grown among young consumers in China – millennials and Generation Z – as seen in rising sales for home-grown fashion and beauty brands and falling sales for …
Green Tea delays Hong Kong IPO
Mainland-based restaurant owner Green Tea Group has pushed back its Hong Kong IPO timeline amid increasingly poor market conditions. Green Tea was set to pre-market its IPO in March and was initially …
Shanghai lockdown snarls world’s busiest port and China supply chains
Shanghai’s grinding coronavirus lockdown is slowly clogging China’s supply chains, as delays hit the world’s busiest container port where staff are tangled in a morass of Covid controls.
China Endeavors to Ensure Internet Celebrity Economy Brings Consumers Better Products and Experience
From Internet-famous bread and bookstores to popular towns and coffee shops that won fame online, products and services that have caused an online sensation are springing up everywhere, which also …
Xi Jinping hails Beijing Winter Olympics and Paralympics legacy
Chinese President Xi Jinping hailed the massive legacy of the 2022 Winter Olympics and Paralympics, noting the Games helped engage more than 300 million people in winter sports and served as a …
China central bank conducts reverse repos to maintain liquidity
China’s central bank on Friday conducted 10 billion yuan (1.57 billion U.S. dollars) of reverse repos to maintain liquidity in the banking system. The interest rate for the seven-day reverse repos was …
China’s Shanghai seeks medical care amidst worst COVID-19 outbreak
China’s financial hub, Shanghai, has been facing the worst COVID-19 outbreak and has been desperately seeking medical care and basic supplies like food. Shanghai authorities have imposed draconian …
Law to improve financial stability
China’s new draft law on financial stability has proposed a comprehensive framework of financial risk prevention that will help navigate the world’s second-largest economy through the rising economic …
Financial moves can help ease realty woes
Further optimization of financial policies should be introduced into the real estate sector to better meet people’s rational demand for home consumption, promote the stable and healthy development of …
China Targets Big Tech’s Algorithms as Crackdown Persists
China kicked off a formal campaign to rein in the potential abuse of algorithms by internet giants from ByteDance Ltd. to Tencent Holdings Ltd., taking aim at the way social media platforms serve up …
China Developer Rally Fueled by Fear and Greed Tests Policy Vow
The Chinese government’s pledge of support for embattled developers ignited a frenzied rush for stocks and bonds.Most Read from BloombergCanada to Ban Foreigners From Buying Homes as Prices SoarMocked …
Global Funds Cut China Bond Holdings by Record as Premiums Erode
Global funds slashed their holdings of Chinese bonds by the most on record last month amid the nation’s dwindling yield advantage over the U.S. and geopolitical uncertainties posed by the war in …
