Non-stop heavy rains lashed parts of southwest China on Friday, triggering floods in cities, engulfing roads and partially submerging buildings.
Monthly Archives For June 2023
Dalian Wanda vows legal battle as Chinese court freezes US$270 million worth of shares amid stalled Hong Kong IPO
In a filing dated June 2, the China Securities Regulatory Commission (CSRC) asked Zhuhai Wanda for more details on six areas in relation to its application for an IPO in Hong Kong. They involve the…
Ex-minister urges Beijing to lead in setting global EV battery standards
China should standardise requirements for electric vehicle (EV) batteries in order to keep its edge over other markets such as the U.S. and Europe in the rapidly growing industry, the country’s former industry minister said…
Exclusive: Credit Suisse puts up China brokerage venture for sale
Credit Suisse and a joint venture partner are seeking buyers for their China securities brokerage business due to the Swiss bank’s takeover by rival UBS , said two people with direct knowledge of the …
Hong Kong’s Trading Approval Doesn’t Indicate China’s Crypto U-Turn
The recent trading approval for crypto assets by Hong Kong is seen by many as China’s U-turn on crypto trading. But you shouldn’t.
People in China are so worried about the economy they’re asking for divine intervention
China’s post-Covid reopening was supposed to be the stimulant that the world needed. But after an early burst of activity, growth in the world’s second largest economy appears to be stalling.
China can’t rely on Southeast Asian exports to offset a U.S. slowdown
Slowing global growth, especially in the U.S. and Southeast Asia, doesn’t bode well for the outlook on Chinese exports. BEIJING — China can’t easily rely on its neighbors as export markets in a global slowdown,…
China envoy in South Korea warns of ‘wrong bets’ over Sino-U.S. rivalry
South Korea might be making “wrong bets” in the Sino-U.S. rivalry, the Chinese ambassador in Seoul said, urging Seoul to stop “decoupling” from China and restore economic and diplomatic ties.
China’s producer prices plunge the most in seven years as deflation hangs over economy
Deflation seen in China’s producer prices are in contrast to the high levels of inflation that global central banks have been fighting to bring down for more than a year.
Huawei, 3GPP, and International Partners Launch a 5G-Advanced Core Promotion Initiative
The 5G-Advanced Core Industry Forum — hosted by China Academy of Information and Communications Technology (CAICT) and co-hosted by Huawei — was held at the China National Convention Center during the …
China’s factory gate deflation speeds up in May as demand wanes
China’s factory gate prices fell at the fastest pace in seven years in May and quicker than forecasts, as faltering demand weighed on manufacturing and the fragile economic recovery. As rising interests rise and inflation…
China’s BYD announces new Fang Cheng Bao brand of energy vehicles
BYD announced on Friday a new brand of electric vehicles (EV) ranging from off-road to sports cars as the company looks to meet more diversified consumer demand. The new brand is called Fang Cheng Bao…
In The “New China Playbook,” State Involvement In Business Has Grown Smarter
Compared with 20 years ago, non-state-owned private sector companies such as e-commerce heavyweight Alibaba, Apple supplier Luxshare Precision, and Warren Buffett-backed EV maker BYD have also made …
