China’s factory activity likely expanded at the fastest pace in a year in July, a Reuters poll showed on Friday, as production in COVID-hit manufacturing hubs resumed after emerging from lockdowns …
Monthly Archives For July 2022
Ant Group IPO set for further delay as Jack Ma plans to give up control
Jack Ma is planning to give up control of Ant Group, a change that would further delay the Chinese financial technology giant’s plans to launch an initial public offering. Ma’s retreat comes after …
Asian shares mixed on US rally, China economic growth woes
Asian shares were mixed Friday, as Chinese shares sank after leaders acknowledged the official 5.5% growth target for this year won’t be met. Investors appear to have grown more convinced that the …
Bullish on China’s Duty-free Future, LVMH, Kering Show at Hainan Expo
LVMH group president of Greater China attended the Expo to sign a partnership agreement with The Haikou Integrated Free Trade Zone. LVMH will set up a bonded warehouse in the zone dedicated to the …
The Fifth China International Import Expo Embraced by Business Elites and Overseas Firms
A major platform for international procurement, investment promotion, cultural exchanges and open cooperation, the China International Import Expo (CIIE) has been held successfully for four …
Billionaire Jack Ma plans to cede control of China’s Ant Group
Chinese billionaire Jack Ma plans to cede control of Ant Group, the Wall Street Journal reported on Thursday, after a regulatory crackdown that scuppered its $37 billion IPO in 2020 and led to a …
Smart money snaps up China stocks as market rebounds
Elite fund managers have been busy building new positions in Chinese companies as the country’s stock market rebounds from heavy falls.
China’s ‘Zero Covid’ Mess Is Infecting Asia’s Economies
China’s gross domestic product miss is dragging neighbors down, too. ADB just lowered its growth forecast for developing Asia to 4.6% from 5.2% this year largely thanks to slowing Chinese growth. Yet, …
What It Would Take for Jack Ma’s Ant to Reboot an IPO
Chinese regulators torpedoed Ant Group Co.’s would-be record initial public offering, sending shock waves across global capital markets. New rules have been slapped on the fintech giant, which has …
China backs away from growth goal and sticks to Covid-19 controls
China’s leaders promised to “actively act in expanding demand” to make up for lack of consumer and business spending, but affirmed support for strict anti-Covid-19 tactics.
China’s Xi warns Biden over Taiwan, calls for cooperation
President Xi JInping warned against meddling in China’s dealings with Taiwan during a phone call with his US counterpart, Joe Biden.
Apple faces lukewarm demand in China after quarterly revenue drop -analysts
Apple should brace for a weakening of demand in China as shoppers curb spending in an anemic economy, some analysts warned on Friday, after the iPhone maker said demand had rebounded in mid-June after …
China signals it could miss economic growth target
China has signalled that it may miss its annual economic growth target, as Covid restrictions weigh on the world’s second largest economy. On Thursday, the Politburo – the ruling Communist Party’s top …
