As a result of the feeble smartphone sales in their home market China and inflation-induced smartphone purchases reduction by overseas consumers, Chinese smartphone brands, to lower channel inventory …
Monthly Archives For December 2022
China services activity shrank to six-month lows in November: Caixin PMI
A private-sector business survey has shown that China’s services activity shrank to six-month lows in November. This happened amid widening Covid curbs that directly impacted demand and operations.
Chinese mainland reports 4,247 new local confirmed coronavirus cases
The Chinese mainland on Sunday reported 4,247 locally transmitted confirmed COVID-19 cases, the National Health Commission said Monday, News.Az reports citing Xinhua. Altogether 25,477 local …
After doom and gloom, China’s propaganda shifts gears on Covid
Once dominated by doom and gloom coverage of the dangers of the virus and scenes of pandemic chaos abroad, China’s tightly controlled media has dramatically shifted tone as the country tentatively …
China eases controls, gives no sign when ‘zero COVID’ ends
China is easing some of the world’s most stringent anti-virus controls and authorities say new variants are weaker. But they have yet to say when they might end a “zero-COVID” strategy that confines …
Oil prices surge as OPEC maintains production cut targets and China’s thawing Covid-zero stance sparks hope of demand recovery
OPEC said on Sunday it would stick to the oil production target the group set in October — to slash output by 2 million barrels per day.
Asian Stock Market: China soars on easing Covid curbs, oil loses strength
Chinese equities have soared as the economy has started focusing on easing Covid-19 restrictions. Higher interest rate peak projections by Fed’s Evans have supported US Treasury yields. Oil prices …
Chinese astronauts return to Earth after six-month mission
Three Chinese astronauts have returned to Earth after completing a six-month mission aboard China’s space station. They left for space on 5 June to oversee the final construction stage of the Tiangong …
How China Has Managed to Avoid the Inflation Bug
Central banks are scrambling to contain runaway prices with interest-rate hikes, yet China’s inflation remains below 3 percent. With Beijing’s zero-COVID policy restraining demand and little …
Chinese snack maker Weilong Delicious aims to raise up to $141 mln in trimmed-down Hong Kong IPO
CHINESE spicy snack food maker Weilong Delicious Global is aiming to raise up to $141 million in a Hong Kong initial public offering launched on Monday, well below its initial target of about $1 …
Chinese carmakers are ordering their own ships to get export ready
BYD Co., which only makes electric and hybrid cars, is going the extra length to avoid any last mile supply chain snarls, ordering at least six ships in October, each with the capacity to carry…
These Chinese carmakers bought their own ships to make exports smooth
China recently overtook Germany as the world’s second-largest auto exporter, sending almost 2.6 million vehicles abroad in the first 10 months of 2022, eclipsing 2021’s volumes. Even October’s …
Import checks | Quality on lips, China on mind
Highlights India is planning to issue fresh quality control orders (QCOs) to check imports of mass-production items The QCOs mainly aim at stopping goods from China entering India The move creates a …
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