Feb 2(Reuters) – Starbucks’ quarterly sales decline in China was four times worse than the coffee chain expected and it has no “line of sight” into when business there will fully recover, the company …
Monthly Archives For February 2023
China, Hong Kong scrap cross-border travel quota, COVID test
Travel between Hong Kong and China will no longer require COVID-19 PCR tests nor be held to a daily limit as both places seek to drive economic growth …
China IPO Reform Is ‘Significant Milestone’, Goldman Sachs Says
China’s planned easing of rules for initial public offerings will allow more mid-sized companies to tap domestic investors with larger firms considering listing onshore instead of Hong Kong, Goldman …
Chinese spy balloon flying over US nuclear strategic silos is a ‘message from Beijing’: Lt. Col. Danny Davis
DANNY DAVIS: I really think that this is supposed to be some sort of message from Beijing, because it comes just days before Secretary Blinken is supposed to meet with his Chinese counterpart and it…
Chill pervades China’s tech firms even as crackdown eases
And the crackdown has left a “chilling” effect on the industry, potentially slowing innovation, while U.S. restrictions against China’s computer chips industry are hindering progress in developing …
Investors beware as Beijing tightens grip on China’s tech platform behemoths at the expense of profits, BCA Research warns
Investors should consider trimming their holding in Chinese technology platform stocks as the sector enters a new era of active government control, putting shareholders’ interests at risk, according …
Beijing Lobbies US Allies Amid Push to Contain China’s Chips
China is reaching out to US allies as Washington pushes through restrictions to stuffle the Asian heavyweight. Both Japan and the Netherlands have agreed to join the US in putting curves on China’s …
China fell in EIU’s democracy index partly because of its Covid restrictions, analyst says
Fei Xue of the Economist Intelligence Unit says the country has been a laggard in terms of lifting Covid restrictions on social and economic life. Got a confidential news tip? We want to hear from…
Japanese chip equipment makers closely watch new export bans on China; Canon sees limited impacts
With US officials acknowledging that Washington has indeed been in talks with the Japanese and Dutch governments regarding new restrictions on semiconductor equipment exports to China, many have …
China boosts imports of fuel oil blended from Russian barrels
China’s independent refineries are ramping up imports of discounted fuel oil blended from Russian barrels to use as low-cost feedstock amid a shortage of government crude oil import quotas for some of …
China unveils massive blockchain cluster running homebrew tech
China’s ambition to record government and commercial activity on a blockchain has a new engine: a 1,000-server cluster in Beijing capable of handling 240 million smart contract transactions each …
China to fully resume travel with Hong Kong, Macau, scrapping COVID-19 protocols
1:09 China says critical COVID-19 cases have peaked as holiday travel surges Group tours between China and its two special administrative regions of Hong Kong and Macau would resume, while the number …
China and Russia are as close as ever, and that’s a problem for the US
When Antony Blinken touches down in Beijing in the coming days for the first visit to China by a US secretary of state since 2018, he will be cutting a stark contrast to the scene…
