It was one of the very first international auto brands to enter China, widely recognized by consumers and understood by its owners to have huge potential. And yet, Jeep is shutting down its only plant…
Monthly Archives For July 2022
China’s industrial activities continue recovery from COVID-19
China’s industrial activities are continuing a recovery trend following recent COVID-19 outbreaks, led by production in high-tech industries. The country’s industrial output jumped 3.4 percent …
Chinese Home Décor Firm Tubatu Pulls Out of Shenzhen IPO
Tubatu, which had been hoping to raise as much as CNY704 million (USD104 million), applied to withdraw its IPO application on July 11, the Shenzhen bourse said yesterday. The withdrawal is based on a …
China has over 1.85m 5G base stations in use
In the second quarter of the year, the country added nearly 300,000 5G base stations, said Wang Peng, an official with the ministry, at a press conference on Tuesday. Information infrastructure …
‘Power of Siberia 2’ gas pipeline via Mongolia to further balance China’s gas import mix: experts
The “Power of Siberia 2” gas pipeline will benefit Russia, China and Mongolia, with the capacity to channel cleaner energy to China to help the world’s second-largest economy balance its reliance on …
Famous Shanghai brands head to Hainan for a consumer expo
Over a dozen time-honored brands from Shanghai will participate at the second China International Consumer Products Expo in Hainan next week. Over a dozen Shanghai watch, wine, jewelry, and chopsticks …
Stellantis plan to end Jeep joint venture in China leaves analysts pondering what’s next
Stellantis will end production of Jeeps in China and rely on importing the SUV brand after deciding to end a joint venture there.
China to fine Didi more than $1 billion for data breaches, sources say
Chinese authorities are preparing to impose a fine of more than $1 billion on ride-hailing firm Didi Global , people familiar with the matter said on Tuesday, a move that could bring an end to…
EU Envoy Endorses China’s ‘Peaceful Reunification’ With Taiwan
The European Union’s incoming ambassador to Beijing has struck a conciliatory tone by declaring the bloc’s support for China’s “peaceful reunification” with Taiwan, triggering displeasure in Taipei.
China’s banking crisis is a litmus test of Xi Jinping’s anti-corruption campaign
The anxiety to stash cash to tide over contingencies may also have contributed to a run on the banks, which in turn, revealed the weaknesses of these financial institutions …
Swap Connect: A new milestone in China’s financial opening-up
The People’s Bank of China (PBOC), the Hong Kong Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) on July 4 jointly announced a new mutual access program between the …
China says it will take ‘forceful measures’ if Pelosi visits Taiwan
China’s Foreign Ministry said there would be consequences for the United States if House Speaker Pelosi visits Taiwan.
Sri Lanka, Rajapaksas and China — A cautionary tale
The saga of Sri Lanka and the fall of Rajapaksa clan have represented before the world a cautionary tale — a lesson to not back on China at the time of crisis. Here’s an analysis.
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