China is facing growing pressure to stabilise its imports and exports and the major challenge is the slowing growth of external demand, vice commerce minister Wang Shouwen said at a press conference …
Monthly Archives For September 2022
Rare protest in China tech hub over Covid lockdown
Dozens of people have taken part in a rare protest in the southern Chinese tech hub of Shenzhen, social media footage shows, after officials announced a snap lockdown over a handful of Covid cases.
China Mobile and Huawei Win the TM Forum Sustainability Excellence Award 2022
Recently, the TM Forum held the Digital Transformation World (DTW) summit, during which the “Green 5G Enables Sustainable Development” project of China Mobile and Huawei won the Sustainability …
CHINA MOBILE, BOC Ink Strategic Alliance Agreement
CHINA MOBILE (00941.HK) and BANK OF CHINA (03988.HK) have inked a strategic alliance agreement yesterday, reported Securities Times. Pursuant to the agreement, the two parties will conduct in-depth …
China growth lags Asia-Pacific for first time in decades as World Bank cuts outlook
East Asia and Pacific annual growth forecasts downgraded from 5% to 3.2% as China’s economy cools, largely due to zero-Covid policy …
World Bank slashes economic outlook for Asia over China slowdown
The region’s economies are expected to grow 3.2 percent in 2022, down from a 5 percent forecast in April, as China’s lockdowns continue to disrupt factories and dampen spending, the Washington-based …
China regulators ask funds to stabilise markets before Communist Party Congress – sources
China’s securities regulators recently told some fund managers and brokers to avoid massive equity sales ahead of next month’s Communist Party Congress, in an effort to avoid big market fluctuations, …
Vietnam’s steel exports to China nosedive
China is no longer a major export market for Vietnamese-made steel, as revenue from steel shipments to the northern neighbor has plummeted, the General Department of Vietnam Customs reported. Vietnam …
Developer Sunac China seeks to extend payment for 4 bln yuan bond for the 3rd time-sources
Struggling Chinese property developer Sunac China is seeking to extend the repayment for a 4 billion yuan ($558.35 million) bond for the third time by pushing out the deadline by another 6 months, two …
China’s Renewables Growth Lifts Copper Demand as Housing Falters
China’s rapid build-up of clean energy is claiming more copper, supporting the market at a time when traditional sources of demand like housing are in the dumps.
China Business Risks Likely To Keep Rising After Party Congress, Scholar Says
Foreign companies doing business with China that have endured heightened risks this year from geopolitical tension and Covid-19 pandemic fallout aren’t likely to get much of a break after the …
China’s Economic Recovery Faces Fresh Risks From Global Slowdown
China’s shaky recovery continued in September, with a pickup in car and homes sales in the biggest cities compensating for weaker global demand and falling business confidence.
TikTok-Ing Off High Valuation, ByteDance Offers To Buy Out Early Investors
ByteDance, of TikTok fame, has been the subject of numerous IPO rumors. What’s the best way to quiet noisy shareholders? Click here to find out.
