China’s factory activity in January is expected to have contracted more slowly than in December, a Reuters poll showed on Monday, with production hampered by many workers falling sick after the …
Monthly Archives For January 2023
China has a good chance of standing out as a fast-growing economy this year, strategist says
Min Chen of Somerset Capital Management says factors such as China’s supportive monetary and fiscal policies will help it do so in the face of a global slowdown.
China’s 2022 smartphone sales plunge to lowest level in a decade
China’s smartphone sales endured a record fall in 2022, tumbling 13% to their lowest level in a decade as COVID controls and a slowing economy sapped consumer appetite, data from third-party research …
China Presses Students to Head Back to Overseas Universities
China urges students at foreign universities to head back to campus, a sign that the country is moving past its Covid Zero isolation.
The Netherlands ‘holds the key’ to effectiveness of chip export controls on China, says analyst
Daniel Newman of Futurum Research says it will be “really problematic” for the U.S. if the most advanced manufacturing technology from ASML is sent to China.
China’s trade in service value grows
Photo by Yuan Bin/For China Daily] The value of China’s trade in services grew 12.9 percent on a yearly basis to 5.98 trillion yuan ($884.44 billion) in 2022, data from the Ministry of Commerce showed…
Approval for homegrown COVID-19 pills granted
The administration said that the two oral pills will be used for mild and moderate COVID-19 adult patients. As of Jan 19, 10 domestically made COVID-19 drugs had either been granted official or …
China-Australia relations: Beijing’s coking coal order another sign of thawing ties
Before the Lunar New Year, 80,000 tonnes of coking coal was ordered from the Moranbah North mine in Queensland to be shipped to China in February and March – China has not imported Australian coal…
Flights handled by Beijing’s airports increase dramatically
A total of 9,831 flights were handled at Beijing’s airports from Jan 21 to Jan 27, the Spring Festival holiday, a year-on-year increase of 185 percent and about 87 percent of the volume in 2019.…
China Junk Dollar Bond Prices Swing From Record Low to Longest Winning Streak
Chinese high-yield dollar bonds are on a record winning streak, as efforts to buttress the ailing property sector and the government scrapping its Covid Zero policy have boosted the country’s economic …
China has a long way to go before it indigenizes semiconductor production capacity, analyst says
Paul Scharre of the Center for a New American Security says the country has been making progress, “but it’s been slow.” …
Intl investment banks, financial institutions upgrade 2023 growth outlook for China
Multiple international investment banks and financial institutions have upgraded their forecast for China’s economic growth rate in 2023, thanks to the country’s reopening policies, rosy statistics, …
China Stocks Set to Enter Bull Market on Return From Holidays
China’s benchmark equity gauge was set to enter a bull market as trading resumed after a week-long Lunar New Year break, with a rebound in consumption reinforcing optimism that the economic outlook is …
