Shenzhen struggles under weight of lost jobs, dwindling profits and demand woes HONG KONG: Late last month, Zeng Zhao, who runs a Shenzhen tech company developing educational software and has been …
Monthly Archives For July 2022
Coronavirus: online booking system for PCR tests halves morning wait time at Shenzhen checkpoint for Hong Kong cross-border travellers, but queue lengthens by afternoon
Procedures mostly smooth with wait time for test results cut from three hours previously to about 1 1/2 in the morning, but crowd builds by afternoon Those who arrive before their test slot will have…
More than 2.6 million users signed up for the City of Shenzhen’s digital yuan airdrop
The city has about 18 million residents in its prefecture-level area. According to data obtained from local news outlet Sohu.com, the Shenzhen Chamber of Commerce has recorded over 2.6 million signups …
Why Are People Across China Refusing to Pay Their Mortgages? What to Know So Far
Property prices have plunged and a domino line of developers have defaulted on their bonds. China’s financial system is sitting on 46 trillion yuan ($6.8 trillion) of outstanding mortgages and still …
Homebuyers in China are refusing to keep paying mortgages for unfinished apartments, adding to the cash crunch in the sector that could spread globally
Buyer sentiment has also slumped in China as movement restrictions drag on. The situation is so dire that some developers have even started accepting crops for down-payments. Developers use mortgage …
Is crypto repeating the mistakes of traditional finance? S’pore firms shed light on market crash
Bear markets are nothing new. Even in crypto, a space that’s just over a decade old, there have been a number of crashes which have triggered periods of downturn. The 2013 boom was cut short…
How Burberry is reaching customers face-to-face, on social media and virtually as it mitigates effect of China Covid-19 lockdowns
Burberry is working to reach its customers face-to-face, on social media and virtually as it looks to mitigate the effects of continuing Covid-19 lockdowns in China. The luxury brand says its …
{New Stock}CHINA GRAPHITE up 4.62% at HK$0.34 on grey market
(18th). It is currently at HK$0.34 on Phillip’s grey market, 4.62% higher than the IPO price of HK$0.325. Based on 10,000 shares per lot, excluding handling fees, the book value gain per lot is HK$150…
What inflation? China’s peppercorn purveyors are feeling the heat.
From Sichuan cuisine to cotton to housing, the concern this year in China is that prices are too subdued. It’s a stark difference from the West.
China hosts political dialogue with Pacific on same day as regional leaders meet
China hosted a separate political dialogue with Pacific island countries on the same day Pacific Island Forum leaders met and agreed to resolve security issues within “the family”, highlighting rising …
Burberry sales hit by Covid outbreaks in Mainland China
Burberry has been hit by the resurgence of Covid in its largest market and key growth country China posting only a 1% rise in store sales across the group for the three months until the…
Copper price slides as China’s GDP misses forecasts, and European car sales plunge – business live
China’s economy shrank 2.6% in April-June, as Covid lockdowns added to pressures on global economy Mining giant Rio Tinto has warned that the economic outlook is weakening due to the Russia-Ukraine …
China’s Economic Growth Sees Major Slump Following Months Of Stringent Covid Lockdowns
Earlier this year, China’s largest city and its financial hub witnessed its worst Covid-19 outbreak since the start of the pandemic prompting officials to put the city under lockdown. The lockdown was …
