Alibaba founder Jack Ma has returned to China, ending a more than year-long stay overseas that was viewed by industry as reflecting the sober mood of China’s private businesses and troubled …
Monthly Archives For March 2023
Duty-free sales up nearly 37 pct on-month in Feb. after China’s reopening
SEOUL, March 27 (Yonhap) — South Korea’s duty-free sales rose nearly 37 percent on-month in February, industry data showed Monday, as China resumed short-term entry for Korean travelers. Combined …
Amid strained U.S. ties, China finds unlikely friend in Utah
China’s global campaign to win friends and influence policy has blossomed in a surprising place: Utah, a deeply religious and conservative state with few obvious ties to the world’s most powerful …
Asia FX dips as bank fears, weak China data keep sentiment dim
Asian currencies fell on Monday as persistent fears of a banking crisis kept investors wary of most risk-driven assets, while a weak economic indicator from China also dampened optimism over a …
Mark Mobius still keen on investing in China after recent hiccup, but wants Beijing to relax capital controls
My view on China has not changed and we are still looking at investment opportunities,’ Mobius says The veteran emerging markets investor believes the current banking crisis in the US and Europe will …
China vows tougher scrutiny of auditors including Big Four firms
China has pledged to toughen oversight of international and local auditors as President Xi Jinping tries to stamp out risks to the country’s financial system after a series of massive corporate …
China’s biggest export hub struggles to stay afloat amid uncertainties
Located 50 km from Shanghai, Kunshan used to boast up to 30 per cent higher wages than other provinces, but now the companies there are cutting back their production amid the slowing economy of China…
Club Med owner is bullish on China’s reopening, says resort is ‘definitely not for sale’
While there’s been a “significant demand for outbound travel” since China’s reopening, there’s still some catching up to do, Xu acknowledged. There was a strong rebound in Club Med’s business from the …
Saudi Aramco inks $12.2 bln China oil refinery, petchem complex deal
Guangdong, China’s largest provincial economy … reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop …
Interview: Shipping giant Maersk sees growing business opportunities in China
“We are relatively optimistic about the Chinese economy for 2023 and see growing business opportunities ahead,” said Vincent Clerc, who is currently in China to attend the ongoing China Development …
China’s growth slumps as ‘Covid-stunned’ consumers ‘not in splurging mood’
Beijing: Consumers in China continue to remain “stunned” from disruptions due to Covid-19 pandemic and are “not in a splurging mood right now,” said head of shipping company Maersk, Vincent Clerc, …
China seeks to replicate its 5G success story in the 6G era
In order to gain an early advantage in 6G development, China’s Future Mobile Communications Forum and Purple Mountain Lab held the 2023 Global 6G Technology Conference in Nanjing on March 23, focusing …
China’s Baidu scraps public launch for ChatGPT-like product
Chinese search engine giant Baidu on Monday cancelled a planned livestreamed product launch related to its ChatGPT-like “Ernie bot” that it had advertised as being open to media and the public.
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