China’s Contemporary Amperex Technology Co Ltd (CATL) said on Thursday a subsidiary had won the rights to a lithium mine in the country’s southern Jiangxi province for 865 million yuan ($134.76 …
Monthly Archives For April 2022
China’s Xiaohongshu kicks off staff layoffs – source
Chinese social e-commerce app Xiaohongshu, known as China’s answer to Instagram, has kicked off a round of layoffs, a source familiar with the matter said, as the company joined other internet firms …
China’s non-financial outbound direct investment up 6.3 pct in Q1
China’s non-financial outbound direct investment (ODI) reached 170.95 billion yuan in the first three months of the year, up 6.3 percent year on year, official data showed Thursday. In U.S. dollar …
Cnooc shares soar on Shanghai debut after US delisting on security grounds
Shares in China National Offshore Oil Corporation jumped as much as 44 per cent on their Shanghai debut as the oil and gas producer completed the country’s biggest stock market listing of the year …
CR Vanguard Raises $400 Million Ahead of $2 Billion IPO
China Resources Holdings Co.’s supermarket chain CR Vanguard has raised about $400 million in a private funding round ahead of its proposed initial public offering in Hong Kong, people with knowledge …
China should set up carbon ‘connect’ scheme to woo foreign investors -expert
BOAO, China, April 21 (Reuters) – China should launch a pilot “connect” market access programme for carbon with Hong Kong to enable foreign investors to enter the country’s fast-growing green finance …
China’s two-front fight to quash the virus and revive its economy
T HE FORTUNES of the world’s second-biggest economy hinge on two kinds of hesitancy. The first is over vaccines. China’s elderly are surprisingly reluctant to get inoculated a …
Economic Watch: Racing against COVID-19, China strives to bring economy back on track
In its race against the latest COVID-19 outbreaks, China is making all-out efforts to bring life back to normal with fine-tuned virus control measures. In response to sporadic outbreaks in some 30 …
Shanghai reports eight more COVID-19 deaths, toll goes up to 25
On Wednesday, the Chinese mainland reported total 19,382 COVID-19 cases, including 2,830 who tested positive while the rest were asymptomatic cases with a majority of them in Shanghai, the country’s …
Xi defends China’s Covid-19 response amid mounting economic woes
Xi said nations must expand cooperation to ensure a recovery from the virus-fuelled downturn. . Read more at straitstimes.com.
A prolonged China slowdown raises risks for global economy, IMF chief says
A prolonged slowdown in China would have substantial global spillovers, IMF Managing Director Kristalina Georgieva said on Thursday, but added that Beijing has room to adjust policy to provide support …
CGTN: China stresses Asia’s role in promoting global peace, growth and cooperation
What can we do to boost the steady recovery and sustainable development of the global economy? And how can we seek win-win cooperation? With the three critical questions atop the agenda, this year’s …
With surge in fresh infections, China logs 2,830 new COVID-19 cases
Witnessing a surge in new COVID-19 cases China on Wednesday reported 2830 locally transmitted confirmed cases the National Health Commission said on Thursday …
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