Beijing WeLion New Energy Technology, a Chinese maker of long-range electric vehicle batteries, including one capable of going 1,000 kilometers (620 miles) on a charge, plans to go public as soon as …
Monthly Archives For August 2023
China: At least 20 dead as Beijing suffers ‘worst rainfall in at least 140 years’
Beijing has recorded its heaviest rainfall in 140 years over the past few days, leaving at least 20 people dead and an unknown number trapped by the severe floods that have hit the city and…
Deadly floods hit China’s major grain-producing region, fueling food security concerns
Days of heavy rain have caused severe flooding in China’s leading grain-producing region in the northeast, killing 14 people and raising concerns about food security as floodwater inundated farmlands.
The most interesting part of China’s stimulus announcement was the omission of a key phrase that ignited the 2020 crackdown on the real-estate sector
President Xi Jinping famously said “Houses are for living in and not for speculation” in October 2017, which kicked off measures to cool a red-hot property market.
Chinese property developer Yuzhou unveils offshore debt restructuring plan, says has not defaulted on onshore debt
Sunac China Holdings, and Shimao Group who are also seeking a revamp of their financial structures as sector conditions continue to deteriorate even as authorities roll out supportive policies. The …
Shares of China’s second largest chip foundry Hua Hong jump 13% in Shanghai debut
Shares of Chinese chipmaker Hua Hong jumped 13% at the open during its debut on Shanghai Stock Exchange’s Nasdaq-style Star Market on Monday.
China chipmaker Hua Hong posts modest gains in Shanghai debut
Hua Hong Semiconductor, China’s second-largest chip foundry, posted modest gains in its Shanghai debut on Monday, reflecting a weak market sentiment and investor caution amid mounting Sino-U.S. chip …
China can no longer ‘extend and pretend’ on municipal debt
BEIJING – China’s promised “basket of measures” to defuse local government debt risks is likely to include special bond issuance, debt swaps, loan rollovers, and something Beijing really loathes: …
Authorities work to restore normalcy in Beijing after floods
Large machineries carry out restoration work in Shijiaying town of Fangshan district in Beijing, capital of China, Aug 6, 2023. [Photo/Xinhua] More efforts will be made to restore normalcy for residents of Beijing affected by…
Ron DeSantis is just a medium-sized version of Trump that China doesn’t need to worry about: Chinese state media pundit
A columnist at the Chinese state-run Global Times wrote that DeSantis is a “smaller-sized” Trump, who’ll just “create more noise” and do nothing else.
China’s exports likely contracted further in July, imports downturn seen slowing – Reuters poll
BEIJING, Aug 7 (Reuters) – China’s exports likely contracted further in July, as manufacturers in the world’s second-largest economy struggled for buyers in markets grappling with high inflation and …
Hua Hong, China’s second-largest chip maker, in strong debut on Shanghai’s Nasdaq-style Star Market
13 per cent higher than the IPO price of 52 yuan Hua Hong raised 21.2 billion yuan from the sale of 408 million shares on the Nasdaq-style market last month Hua Hong Semiconductor stocks made…
China EV Maker’s Stock Surge Mints Second Li Auto Billionaire
Share price gains by fast-growing Chinese EV maker Li Auto have generated a second billionaire from the eight-year-old business. Stock held by Fan Zheng … Li Auto has emerged as one of China’s most …
