China’s chip imports fell 12.4 percent in September, according to official customs data published on Monday, continuing a decline amid tensions with the United States and an ongoing chip shortage. The …
Monthly Archives For October 2022
China economy grows in quarter, continues COVID-19 struggles
China’s economy grew faster than expected over the September quarter but was well short of the official target as the country struggled with the COVID-19 pandemic and efforts to contain the virus.
Tesla’s stock sinks after cutting prices on cars in China
Tesla has cut starting prices for its Model 3 and Model Y cars by as much as 9% in China, reversing a trend of increases across the industry amid signs of softening demand in the…
Factbox: China’s new political elites and their connection to Xi
Sunday secured a third term as leader of China’s ruling Communist Party and unveiled a new leadership team dominated by his allies, including the entire seven-member Politburo Standing Committee, …
Alibaba, Tencent shares plummet 11% alongside China tech stocks as Xi tightens grip on power
Investors fear Chinese President Xi Jinping’s tightened grip on power will lead to continued strict policies on the tech sector.
China’s exports to Russia up by more than 20% as growth slows elsewhere
China’s exports to sanctions-hit Russia rose at a double-digit pace for the third consecutive month in September, bucking the trend of weakening external demand elsewhere amid the Russia-Ukraine war …
Foreign business groups in China wary as new Xi term begins
Overseas business groups in China expressed on Monday wariness about President’s Xi Jinping’s newly unveiled leadership team and his stated priorities, with some urging against greater state …
China’s Richest Lose $9 Billion in Selloff After Xi’s Reshuffle
The richest tycoons doing business in China have lost more than $9 billion in the market selloff that followed Xi Jinping’s tightening grip on the government.
China’s exports of COVID-19 protection equipment to North Korea surge
BEIJING: China’s exports to North Korea rose at a slower pace in September, but shipments of masks and other COVID-related items surged as the isolated country stepped up its battle against possible …
Joe Biden Quietly Crushes China’s Tech Ambitions
The latest U.S. export controls could have a huge impact on China’s burgeoning semiconductor industry—and slow its military modernization.
Telefonica to Sell Part of China Unicom Stake
The Spanish telecom company says it is selling a 4.56% stake in China Unicom (Hong Kong) Ltd. to China Unicom’s parent for $1.4 billion. The Spanish telecom company says it is selling a 4.56% …
Beijing Pulling Back? China’s Loans to Kenya Drop for First Time in 15 Years, Treasury Data Shows
National Treasury report indicated that Kenya’s borrowing from China reduced significantly from KSh 7.05 billion recorded in 2021 to KSh 6.83 billion in 2022.
Xi Jinping’s Power Grab Spooks China Investors
The concern is that President Xi now has unfettered power to pass policies that are not friendly to the market,” says Justin Tang of United First Partners.
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