China’s economic recovery is losing momentum after an initial burst in consumer and business activity early in the year, prompting calls for more policy stimulus to bolster growth.
Monthly Archives For May 2023
BYD wins bid for land use rights in Shenzhen worth RMB 376 million
BYD recently secured a 520,000 square kilometer (200,773 square mile) parcel of industrial land for a 30-year lease at RMB 376 million ($54 million) on the outskirts of Shenzhen, according to Shanghai …
China’s Central Bank Outlook Spurs Call for Monetary Action
The People’s Bank of China pledged Monday to keep the overall amount of monetary policy in the economy “appropriate” while interest rate levels will remain reasonable, as debate intensifies over …
China’s SOE, tech stocks rally to strengthen as traders seek shelter from faltering economic recovery, say brokerages
CSC Financial, Western Securities say listed state-owned firms will remain attractive because of their appealing valuations and dividend payouts SOEs and tech companies are among the few sectors to …
Stock market today: Asian shares turn lower after China economic data weaker than expected
Asian shares were mostly higher on Tuesday even though the latest data showed China ’s economy is weaker than expected, with domestic demand failing to bounce back as much as hoped for after the …
China Chip Firm Seeking to Rival ASML Weighs IPO Filing, Sources Say
Dongfang Jingyuan Electron Ltd., a semiconductor software firm, is weighing filing for an initial public offering in China as soon as next year, according to people familiar with the matter, as the …
Beijing LGBT Center closes its doors, a blow for diversity in China
The move coincided with a new milestone for same-sex couples in Taiwan – they can now adopt – and underscored the lack of progress on LGBTQ issues in China.
China’s Youth Unemployment Tops 20% Amid Signs of Stalling Recovery
China’s youth unemployment rate rose above 20% for the first time since Beijing began tracking the data five years ago.
Meet the first and only F1 driver from China who’s already notched deals with Dior and Lululemon
Zhou Guanyu, the first-ever Chinese F1 driver and Alfa Romeo racer, is raking in brand deals. But his team has yet to reap the benefits.
Official: China recovery faces pressure after April activity weaker than expected
BEIJING — China’s economic recovery faces pressure from sluggish consumer and export demand, a government official said Tuesday, after retail sales and other activity in April were weaker than …
China’s property investment, sales drop sharply in April on subdued demand
BEIJING: A slide in China’s property investment and sales more than doubled in pace in April, a sharp decline in …
Morgan Stanley Weighs Cutting 7% of Asia Investment Bank Jobs
Morgan Stanley is considering a 7% cut in its Asia-Pacific investment banking workforce, with China taking the biggest hit as deteriorating relations with the US and weaker economic growth curb …
China’s Economic Recovery Worries Mount as Data Disappoints
China’s consumer spending and industrial activity grew at a slower pace than expected in April, adding to signs the recovery in the world’s second-largest economy is losing momentum.Industrial …
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