Local governments in China are wooing deals with tech giants to build on the so-called “platform economy,” per the SCMP.
Monthly Archives For July 2023
China factory activity shrinks in July, adding to pressure to reverse economic slump
A survey shows Chinese factory activity contracted in July as export orders shrank. That adds to pressure on the ruling Communist Party to reverse an economic slowdown.
A New Semiconductor Shortage? What China’s Export Restrictions Mean For Big Tech
Via Metal Miner China’s announced restriction on the export of gallium and germanium goes into effect in August. Both of these …
Morning Bid: Beijing stimulus given benefit of the doubt
China’s July PMIs were mixed with manufacturing steadying at 49.3 but services slowing to a disappointing 51.5. Yet that merely stoked wagers Beijing would have to dole up sizable stimulus at some point or risk…
China’s factory, services sectors show weakness, need for stimulus
China’s manufacturing activity fell for a fourth straight month in July while the services and construction sectors teetered on the brink of contraction, official surveys showed on Monday, threatening …
China’s biggest cities vow to introduce steps to boost property sector
China’s biggest cities including Beijing and Shenzhen said over the weekend they would implement measures to better meet the needs of homebuyers, without giving details, aiming to prop up a property sector that is seeing…
Despite booming trade, US-China relationship evolving into an ‘ideological rivalry’
The US imported $ 575.69 billion worth of goods from China in 2022, the highest value of imported goods since 2018, according to the United Nations Comtrade Database. Despite an increase in the trade …
Shell to export LNG to China under new deal
UK supermajor Shell has signed an agreement with China’s state-owned PipeChina to export liquefied natural gas to the world’s largest energy consumer.
India’s accelerating growth can fill the global commodity demand gap left by a slowing China
India can make up for some of the commodity demand gap left by China given the latter’s slowing economic growth, ANZ projects.
Why Beijing and Hong Kong’s complaints about Fukushima wastewater are hypocritical
Nowhere has the plan been more officially opposed than in China. Beijing has accused Japan of being “extremely irresponsible,” of violating its “international moral and legal obligations” and of treating the ocean like a “private…
First Mover Asia: Bitcoin Climbs Back to $29.4K; Crypto’s Decoupling From Stocks May Not Be Over
An exploit of stablecoin exchange Curve Sunday could jeopardize more than $100 million in cryptocurrency. PLUS: What’s behind Russia’s mining boom?
Japanese Eateries in China Fear Ruin as Fukushima Water Discharge Looms
China is the biggest importer of Japanese seafood. Shortly after the 2011 tsunami and earthquake damaged the Fukushima plant, it banned the import of food and agricultural products from five Japanese …
Most of what we’ve heard about the yuan dethroning the dollar is from the West. Here’s what China’s actually said about it.
China wants the yuan to play a more prominent global role but doesn’t necessarily want it to be the world’s dominant reserve currency right now.
