China has for years been guiding money into its innovative companies, but investors sensed an urgency for technology independence this week after the United States threatened to sanction chip maker …
Monthly Archives For May 2023
Morgan Stanley Asia Job Cuts Include Key China Bankers, Six MDs
Morgan Stanley is letting go of at least six managing directors, including some key China bankers, as part of broader job cuts in Asia where dealmaking has been stymied by growing China-US tensions …
China Bulls Are Stepping Back as Stocks Witness Renewed Selloff
Chinese equities are losing their bullish strategist calls after a key benchmark wiped out all its gains for the year earlier this week.
China Steel Prices Hit Three-Year Low on Demand Woes
That’s the lowest since April 2020, when the start of the COVID-19 pandemic in China had curbed most industrial activity. Disappointing demand in what is normally the peak construction season during March and April kicked…
Travel industry looks to Chinese tourists to cap post-Covid-19 rebound
There are predictions that “millions” of Chinese tourists could soon boost the travel industry. Read more at straitstimes.com.
Coronavirus cases hit record high in 6 months
The country has registered record high in coronavirus infections cases in last one day compared to six months. In last 24 hours, Covid-19 detection has surpassed 5 percent which was below 1 percent in …
Gwadar port starts its first-ever direct export to China
In a major development, Gwadar port started its first-ever direct export to China on May 24, as five containers carrying pharmaceutical raw materials left the Gwadar Free Zone for the Chinese port city of Tianjin,
China new home prices growth to narrow in 2023: Reuters poll
China’s new home prices will see a slower growth this year, according to a Reuters poll, suggesting pent-up demand after the country’s economic reopening is fading though a slew of stimulus policies …
China’s Fox ESS completes pre-IPO round of capital raising led by Sparkedge Capital
BEIJING, May 26 (Reuters) – China’s new energy firm Fox ESS said on Friday it has completed a pre-IPO round of capital raising of more than 1 billion yuan ($144.67 million), which is being led…
New COVID-19 Wave Looms: Chinese Authorities Race To Release Vaccines To Tackle XBB Variants Surge, Predicted To Affect 65 Million Weekly: Report
Covid-19 cases rising alarmingly in China. China is quickly distributing vaccines to curb a new wave of COVID-19, which is forecasted to reach its peak in June. The new XBB variants of the virus are…
Highest coronavirus cases diagnosed in 6 months
The highest coronavirus infections within 68 new cases have been diagnosed till Thursday morning within six months. The rate of coronavirus infection has increased to 5.25 percent within 24 hours …
As China and the U.S. redefine geopolitics, Europe faces a win-win situation
“The U.S.′ hawkish policy stance towards China means that China needs to improve relations with Europe to mitigate the impact of export controls. Therefore, China has an incentive to work hard on improving EU relations,”…
U.S., China’s top commerce officials meet to discuss trade concerns
The meeting between Secretary of Commerce Gina Raimondo and her Chinese counterpart Wang Wentao marks the first cabinet-level U.S-China exchange in months.
