China-based EV company Li Auto will likely start production at a new plant in the Shunyi district of Beijing between July and August. The facility is expected to make 100,000 battery EVs annually.
Monthly Archives For June 2023
Serbia grants gold medals of merit to Chinese medical team to commemorate co-efforts against COVID-19 and ironclad friendship
Serbia’s Gold Medals of Merit were conferred on to nine members of a Chinese medical team, who arrived in Serbia at the very beginning of the COVID-19 pandemic and, at the Serbian Embassy in China…
China’s new financial gatekeeper Li Yunze strikes an optimistic note, vowing to wipe out ‘blind spots’ to protect economy from risks
There is “no change in China’s role as the main driver of global growth,” said Li Yunze, head of the National Financial Regulatory Administration (NFRA) in Lujiazui The regulator will spur banks to …
Hong Kong’s IPO market set for slow recovery, with 2023 fundraising seen surpassing 2022 but falling well short of 2021
PwC Hong Kong estimates that around 100 companies will list in Hong Kong in 2023, with total funds raised as high as US$21.7 billion Mainland China’s exchanges expected to lead the world in IPOs again…
Australia news live: ACT passes nation’s first intersex surgery ban; trade with China up 20% this year
No time for vaccine complacency, AMA says as Covid-19 cases soar The nation’s peak medical body is urging Australians to get Covid-19 boosters and flu shots, warning against complacency as infection rates take off. The…
China’s biggest state banks cut interest rates on yuan deposits
China’s biggest banks on Thursday said they have lowered their interest rates on yuan deposits, action that could ease pressure on profit margins and make room for reduced lending costs. Industrial …
China Financial Watchdog Vows to Further Open Up, Control Risks
China will continue to open up its $60 trillion financial market to foreign institutions, while sticking to the bottom line of preventing systemic risks, the nation’s new top regulator said.
China to open finance markets as investors grow nervous
“The overall risk in China’s finance industry is controllable, and we’re fully confident and able to safeguard the bottom line of preventing systemic risks,” Mr Li said at the forum. While recent …
UPDATE 1-China’s forex reserves dip, but Beijing keeps buying gold
China’s foreign exchange reserves fell only slightly in May despite a sharp drop in the yuan currency which many analysts had feared would trigger further capital outflows from the country’s stock and …
Europeans Reluctant to De-Risk From ‘Partner’ China, Survey Says
Most Europeans consider China a key economic partner despite seeing limits to the relationship, according to a survey that comes as the bloc tries to find a safe way to engage with Beijing.Most Read f
China’s air force stages new mass incursion near Taiwan
Taiwan activated its defence systems on Thursday after reporting 37 Chinese military aircraft flying into the island’s air defence zone, some of which then flew into the western Pacific, in Beijing’s latest mass air incursion.
U.S.-China chip war could hurt South Korea’s tech giants — but not for long, Fitch says
South Korea’s memory chip makers Samsung Electronics and SK hynix face risks from U.S.-China tensions but the impact is likely to be small, says Fitch Ratings.
China’s Dalian Wanda appeals court decision to freeze shares
China’s largest commercial property developer Dalian Wanda Group on Thursday said it is appealing a court decision to freeze 1.9 billion yuan ($266.23 million) worth of shares it owns in a subsidiary.
