The death toll in this week’s earthquake in western China has jumped to 74 with another 26 people still missing, the government reported Wednesday, as frustration rose with uncompromising COVID-19 …
Monthly Archives For September 2022
China state firms takeover Evergrande’s $1.1 bln holding in Shengjing Bank
State-owned companies of the Chinese northestern city of Shenyang bought China Evergrande Group’s shareholding in Shengjing Bank in an auction for 7.3 billion yuan ($1.05 billion), Alibaba auction …
Richard Li’s Insurer FWD Eyeing Hong Kong IPO in 2023, Sources Say
FWD Group Holdings Ltd., the Asian insurer backed by billionaire Richard Li, is weighing 2023 as a new target for its long-awaited Hong Kong initial public offering, according to people familiar with …
Chinese Online Fitness Platform Keep Inc. Refiles Application for Hong Kong IPO
By Clarence Leong Chinese online fitness platform Keep Inc. has refiled its application for an initial public offering in Hong Kong to raise funds …
China’s export growth sinks in August, imports shrink
China’s export growth weakened in August and imports shrank as high energy prices, inflation and anti-virus restrictions weighed on global and Chinese consumer demand.
Beijing reports 14 local school-related COVID-19 infections
Beijing on Tuesday reported 14 local COVID-19 infections, all of which were found within school and university campuses as the new semester just started a week ago. According to Beijing Municipal …
China Criticises Italy’s Media For Its Report On Beijing’s ‘practice’ Of Organ Harvesting
Italy has become the target of Chinese propaganda after an article on organ harvesting was published in the Italian weekly magazine Panorama.
China trade surplus with U.S. narrows to $36.77 bln in August
China’s trade surplus with the United States narrowed to $36.77 billion in August, from $41.5 billion in July, according to Reuters calculations based on customs data on Wednesday.
China’s trade falters as demand wanes at home and abroad
China’s exports and imports lost momentum in August with growth significantly missing forecasts as surging inflation crippled overseas demand and fresh COVID curbs and heatwaves disrupted output, …
China’s Exports Weaken on Covid Disruptions, Global Risks
China’s export growth slowed more than expected in August as global demand weakened and Covid lockdowns disrupted manufacturing production. Imports barely grew as domestic demand continued to struggle …
Almost 60% of China’s New Specialty Tea Brands Fail Within Three Years
Nearly 60 percent of China’s new style tea startups — those selling beverages such as bubble tea, cheese-foam tea, and coffee-chai — do not survive more than three years. Thirty-five percent go out …
China’s EV battery firm CALB in sight with $2B IPO
Chinese EV battery firm China Aviation Lithium Battery Technology (CALB) is going public in Hong Kong with $2 billion.
China export growth slows sharply in August: official data
China’s export growth slowed significantly in August, customs authorities said Wednesday, as economic uncertainty is exacerbated by strict Covid-19 lockdowns across the country.
