BEIJING (AP) — Asian stock markets tumbled Thursday after Wall Street sank as a plunge in Credit Suisse shares reignited worries about a possible bank crisis following the failure of two U.S. lenders.
Monthly Archives For March 2023
China, Hong Kong stocks fall as growing banks turmoil unnerves investors
Hong Kong, Mar 16 (Reuters) – China and Hong Kong stocks fell on Thursday, weighed by new energy and oil stocks, as Swiss regulators’ unprecedented move to pledge a liquidity lifeline to top lender …
China’s EV brand BYD launches in UAE, signs up with Al Futtaim Electric Mobility Co.
BYD recorded unit sales of 1.86 million NEVs (or New Energy Vehicle) in 2022, and sees the Gulf markets as offering the right sort of conditions to pursue more growth outside of China … established…
China’s Consumption Conundrum
A particular vulnerability is exports. The pandemic hardly dented China’s export sector—it now exports 15 percent of the world’s goods, its highest level ever—yet that bright spot will turn from an …
Consumer confidence in China will continue to pick up, says Ping An Group
Jessica Tan of the insurance company says China’s external environment is “quite positive … Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, …
China sees record 7.7 million applicants for 200,000 government jobs
In the 2023 application round, a record 7.7 million people took the civil service exam this year for more than 200,000 government jobs at a national and provincial level, according to CNBC analysis of …
With Saudi deals, US, China battle for influence in Mideast
In a matter of days, Saudi Arabia carried out blockbuster agreements with the world’s two leading powers, signing a Chinese-facilitated deal aimed at restoring diplomatic ties with its arch-nemesis …
CORRECTED-UPDATE 2-China’s property sector draws closer to exit from protracted slump
“The figures are a good start to the recovery of the property market for 2023, and will further boost confidence,” said Yan Yuejin, analyst at the E-house China Research and Development Institution in …
Baidu Showcases China’s Answer to ChatGPT in High-Stakes Debut
Baidu Inc. will debut its ChatGPT-equivalent in a highly anticipated launch event, firing China’s first salvo in a battle with the US to dominate a potentially transformative technology. Billionaire …
TSMC’s founder says he supports US efforts to slow China’s chip advances
China was five or six years behind Taiwan in chip manufacturing, Morris Chang said at an event in Taipei. Reporting by Sarah Wu in Taipei, Writing by Brenda Goh; Editing by Muralikumar Anantharaman …
China science, technology news summary — March 16
China on Wednesday evening successfully sent a new experiment satellite into space from the Jiuquan Satellite Launch Center in northwest China. The Shiyan-19 satellite was launched at 7:41 p.m.
UPDATE 1-China will reduce number of high-risk institutions, defuse ‘bombs’ – central bank
BEIJING, March 15 (Reuters) – China will steadily reduce the number of high-risk institutions to help fend off systemic financial risks，its central bank said on Wednesday Reforms of problematic small …
Taiwan warns Honduras against ‘poison’ of aid from China
Honduran Foreign Minister Eduardo Enrique Reina said on Wednesday the decision to switch allegiance to China was partly because Honduras was “up to its neck” in financial challenges and debt – …
