Volkswagen CEO Herbert Diess said the company is planning “big moves” in China. “We will do some major investments in China,” Diess said in an interview posted Tuesday on LinkedIn. “In a few years, we…
Monthly Archives For July 2022
New Chinese Fuel Export Quotas Won’t Solve Supply Crisis
China has released new fuel export quotas for refiners, quotas that are 39 percent lower than this time last year …
Treasury announces sanctions targeting cheap Iranian oil heading for China
The Treasury Department announced sanctions Wednesday against a number of export companies shipping Iranian petroleum products to China and other east Asian countries, coming to the aid of U.S.
China Data Show Economy Shrinking in Challenge to Xi’s Target
(Bloomberg) — Signs are mounting that China’s economy shrank in the second quarter for … The bullish story for growth in the second quarter rests largely on industrial production for export and a …
China issues 5 mln T of fuel export quotas – sources
China has issued a fresh batch of refined fuel exports quota at 5 million tonnes, sources told Reuters on Wednesday, which would allow refiners to cash out the solid exports margins and help ease the…
Is President Xi’s Dual Circulation Strategy for China Under Threat?
China’s goals have shifted from development in which domestic and international dual circulation reinforce each other to an emphasis on domestic development.
Millions under lockdown in China as new Covid-19 outbreaks emerge
Tens of millions of people were under lockdown in China on Wednesday as businesses in a major tourist city were forced to shut their doors and fresh clusters sparked fears of a return to blanket…
U.S. counterintelligence warns of China stepping up influence operations
A U.S. counterintelligence agency on Wednesday warned state and local officials that China is intensifying influence operations aimed at manipulating them into pressing the federal government to …
Record 274 Companies Apply for IPOs in Last Week of June
A record number of companies are rushing to submit applications for initial public offerings (IPOs) on China’s A-share market even as a rising number of others are withdrawing flotation plans. In the …
China targeting state, local leaders in push to influence Beijing-friendly policies: intel officials
The intelligence community said leaders at the state level are at risk of being targeted by China in an effort by Beijing to lobby for federal policies starting at the local level.
China’s Powerlong Real Estate seeks delay in 600 million yuan bond payment – sources
Chinese developer Powerlong Real Estate Holdings seeks to delay payment of 600 million yuan ($89 million) of onshore bonds due on July 15 and to repay the principal in batches over one year, two …
Stocks of ASML Holdings suffers as US plans to restrict supply to China
ASML Holdings is one of very few companies in the world that is into the manufacturing lithography systems and other such vital machines …
China demands ‘fair and non-discriminatory business environment’ for enterprises in India amid Vivo raid
China has reacted to the Enforcement Directorate’s raid on the offices of its Vivo Communication Technology Company Limited and demanded “a fair, just and non-discriminatory business environment” for …
