Chinese automaker Geely has purchased 7.6% of Aston Martin Lagonda’s shares during a fundraising round aimed at raising cash for future investments.
Monthly Archives For September 2022
China just boosted bank liquidity by 843%, adding further pressure on the yuan as the currency suffers its weakest year in almost 3 decades
The People’s Bank of China made the biggest cash injection into its banks since 2019 ahead of a key Communist Party celebration slated for next week.
China’s external debt drops in Q2
China outstanding foreign debt stood at about 263 trillion US dollars at the end of June data from the country forex regulator …
China’s non-manufacturing PMI down in September
The purchasing managers’ index (PMI) for China’s non-manufacturing sector came in at 50.6 in September, down from 52.6 in August, the National Bureau of Statistics (NBS) said Friday.
China’s Service Sector Slows in Latest Economic Warning Sign
Chinese economic activity remained feeble, with the services sector slipping into contraction, offering fresh evidence of the damage that Beijing’s Covid-prevention measures and a real estate slide …
More Trouble for China’s Export Juggernaut
China is more dependent on exports for growth than it has been in years. But the export boom is starting to lose steam.
Apple will take a decade to move just some production out of China
A new report estimates that it would take Apple eight years to move even as little as ten percent of its production away from China.
The Download: text-to-video AI, and China’s big methanol bet
But it also raises some big ethical questions. Read the full story. —Melissa Heikkilä China is betting big on another gas engine alternative: methanol cars As the Chinese government works to reach …
Indonesia authorizes emergency use of China’s mRNA vaccine
Indonesia’s drug regulator on Friday announced it had authorized the emergency use of China’s AWcorna COVID-19 vaccine, becoming the first known country to approve a Chinese mRNA jab. Penny Lukito, …
China Tells Banks to Provide $85 Billion in Property Funding
China’s financial regulators told the nation’s biggest state-owned banks to extend at least 600 billion yuan ($85 billion) of net financing to the embattled property sector in the final four months of …
China asks top banks to provide $84 billion in property funding- Bloomberg News
China’s financial regulators have asked its six largest banks to offer at least 600 billion yuan ($84.32 billion) of financial support to the property sector in a bid to gear up for the deepening …
China sets oil products export quotas at about 15 million tonnes
China has set the size of its latest batch of oil products export quotas for 2022 at about 15 million tonnes, trade sources with knowledge of the matter said on Friday, a shift in fuel…
The U.S. Dollar Juggernaut Is Undermining China’s Exports and Imports
A strengthening U.S. dollar is piling pressure on both China’s exports and imports amid weakening overseas demand and higher currency exchange costs, industry insiders said. The onshore yuan is on …