China’s PMI indices show that the economy was weak in October. Rising Covid cases, further contraction in construction and a possible contraction …
Monthly Archives For October 2022
Stellantis says Jeep joint venture in China to file for bankruptcy
The venture between Stellantis and Guangzhou Automobile Group producing Jeep vehicles in China is filing for bankruptcy, Stellantis said on Monday.
Workers at major Apple supplier Foxconn are fleeing China’s biggest iPhone factory amid Covid fears
The facility located in the central Chinese province of Henan employs over 200,000 workers who make half of the world’s iPhones.
Workers in China flee one of world’s largest iPhone factories amid Covid curbs
Videos on social media showed workers returning to their hometowns on foot as they left the Foxconn facility in the city of Zhengzhou.
Video Shows Foxconn Workers Climb Fences To Escape Covid-19 Curbs in China
The Foxconn plant in Zhengzhou is one of the largest factories in China that assembles products for Apple including its newest iPhone 14 series. Workers from the facility are leaving to escape another …
With sweeping chip export rules, U.S. moves to choke off China’s tech rise
The unprecedented controls may have far-reaching implications as Washington seeks to slow Beijing’s technological and military rise.
China’s factory, services activity skids on persistent COVID curbs
China’s factory activity unexpectedly fell in October, weighed by softening global demand and strict domestic COVID-19 curbs, which hit production, travel and shipping in the world’s second-largest …
VW, Mercedes and BMW Cross Their Fingers as China Risk Escalates
President Xi Jinping’s consolidation of power has only worsened worries that extend far beyond the auto industry.
Bankers blasted for ‘whitewashing’ China’s crackdown on Hong Kong
Hong Kong’s government invited Wall Street’s biggest names to a summit to show the financial hub is open for business after nearly three years of isolation due to pandemic curbs. Instead, top bank …
In Xi’s China, even internal reports fall prey to censorship
When the coronavirus was first detected in Wuhan in late 2019, reporter Liao Jun of China’s official Xinhua News Agency told conflicting stories to two very different audiences.
China Property Billionaire Wu Resigns as Longfor Chair During Sector Crisis
Chinese developer Longfor Group Holdings Ltd. plummeted the most on record after billionaire Chairman Wu Yajun stepped down, underscoring investor concern about the country’s deepening property crisis …
Why China Could Tighten its Purse Strings on CPEC Projects
Pakistan’s inability to pay off its existing debt to China, and the slowdown of the Chinese economy, could make Beijing cautious about lending more to Pakistan.
China Economy Weakens as Covid Hits Factory, Services Output
China’s factory and services activity contracted in October as tighter Covid curbs and an ongoing slump in the property market continue to pressure the world’s second-largest economy.Most Read from …
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