Together, these companies control more than 60% of the Indian smartphone market, according to data from research firm Counterpoint. Xiaomi, the top-selling brand in the country, was the first company …
Monthly Archives For July 2022
Backlash in China after authorities raid homes to find ‘close contacts’ of those infected with coronavirus
Some 500 people tested positive for COVID at a tourist resort in southern China, meaning more than 2,000 tourists were forced to stay there under the country’s restrictive COVID policies.
China Disputes Report Xi Invited Europe Heads to Beijing Meeting
China flatly denied a report that President Xi Jinping had invited top European leaders to meet him in Beijing later this year, and was still awaiting their response, as tensions fray between Beijing …
3 missing in gas explosion in major north China port city
A gas explosion after a partial building collapse in the northern Chinese port city of Tianjin on Tuesday morning left three people missing and 11 injured. The incident remains under investigation, …
Digital-Led and Innovation-Driven Digital Finance Forum of the Global Digital Economy Conference 2022 to Be Held on July 30
Highlights of the Digital Finance Forum of the Global Digital Economy Conference 2022. BEIJING, July 19, 2022 /PRNewswire/ — The Global Digital Economy Conference (hereinafter re …
‘My Worldview Has Been Destroyed’: Chinese Banking Scandal Tests Faith in the System
The disappearance of ordinary savers’ money, and the government’s seemingly indifferent response, could pose a major test for the Communist Party’s legitimacy.
China’s Henan bank crisis: Despite promises, banks fail to repay depositors
Despite promises that depositors in China’s Henan villages will get their frozen money back in batches with the first due on July 15, only a handful of depositors have received the payments, posing a …
China bond defaults hit US$20 billion in 2022, more than double last year’s total, as property developers teeter
The value of bond defaults in China in 2022 has already more than doubled the full-year total from last year, as the accelerating debt crisis in the country’s US$2.7 trillion property market spills …
China property stimulus to rescue copper demand, but not yet
Copper demand is unlikely to recover significantly until China stimulus targets its property market, but this may not happen for months, until sliding exports trigger a sizeable response.Prices of …
EMERGING MARKETS-Stocks slip as China growth fears weigh; FX muted on dollar lull
Stocks in emerging markets fell on Tuesday, weighed down by Chinese shares as rising domestic COVID-19 cases sparked fears of a further economic slowdown, while currencies were subdued as the dollar …
China uses ‘unfair trade practices’ to gain ‘dominant’ advantage, Yellen says in South Korea
United States Treasury Secretary Janet Yellen concluded her 11-day Indo-Pacific visit with a stop in Seoul, South Korea on Tuesday, where she called out China and their “unfair trade practices.” …
SHENZHEN INVEST Jun Contracted Sales +1.1x YoY; 1H22’s -31%
SHENZHEN INVEST (00604.HK) announced that the Group’s contracted sales for June 2022 amounted to approximately RMB2.927 billion, representing a significant increase of 768.5% MoM and an increase of …
China Is Still Attractive to Multinationals as Fundamentals Have Not Changed, Roland Berger Exec Says
China provides many multinationals with additional engines for their growth, Dai said. Before the latest wave of Covid-19 struck this year, most multinationals in the country were not badly affected …
