The stamp duty cut and IPO slowdown mark the latest attempt by Beijing to reinvigorate Chinese markets, which have completely reversed net foreign inflows spurred in late July by vows of greater …
Monthly Archives For August 2023
China won’t require COVID-19 testing for incoming travelers starting Wednesday
BEIJING (AP) — China will no longer require a negative COVID-19 test result from incoming travelers starting Wednesday. It is a milestone toward ending the virus restrictions imposed in China since …
The Foreign Ministry says China will drop its COVID-19 testing requirement for entry starting Wednesday
The Foreign Ministry says China will drop its COVID-19 testing requirement for entry starting Wednesday. Asian shares are trading mostly higher as investors felt relief from the head of the Federal …
China’s Evergrande says losses narrowed by 50% in the first half of 2023 as shares plunge
Evergrande Group, the world’s most indebted real estate developer, has reported a significant narrowing in its net losses for the first half of the year, thanks to a rise in revenue because of “the …
Shenzhen Airlines Begins Airbus A330 Flights To Barcelona
Shenzhen Airlines has launched direct flights between Shenzhen and Barcelona, providing a link between China’s tech hub and Spain’s art and architecture scene. The airline will operate the route twice …
MORNING BID-Beijing tries new ways to lift moribund markets
Recent PMI data did point to a slowdown, with services particularly disappointing. Analysts note the PMIs have a better track record on predicting the European economies than for the U.S., where the …
The Real Contest With China
China views dominance of advanced industries as a key to national security. It aims to increase its power by establishing global preeminence in a broad array of developing technologies. Many of these, …
Top Chinese Brands Abroad
China has a large car market with 170 different brands, but only a few have potential abroad. The top five Chinese brands with high potential are MG, BYD, Geely/Zeekr, NIO, and Baojun/Wuling via …
China new home prices growth likely flat in 2023, dragging on economy – Reuters poll
China’s new home prices will likely show no growth this year, according to a Reuters poll, highlighting the intense pressure in the crisis-hit property sector that has put a choke-hold on the economy …
China’s CanSino to Buy 10% Stake in Solution to Deepen Ties With Malaysian Vaccine Maker
CanSino’s Shanghai-listed shares [SHA: 688185] rose 0.5 percent to CNY71.20 (USD1) as of 1.50 p.m. today. In Hong Kong, the shares [HKG: 6185] jumped 0.8 percent to HKD24.15 (USD3.08).
U.S., China trade officials express wish for easier trade, but hurdles remain
Commerce Secretary Gina Raimondo and her Chinese counterpart say they want trade conditions to get better, but stalemates remain.
BYD unit buys US firm Jabil’s China mobility business for $2.2 billion
Chinese automaker BYD said on Monday its electronics unit has struck a deal with U.S.-based manufacturer Jabil Inc to buy its mobility business in China for 15.8 billion yuan ($2.2 billion). The deal …
Love, Death and Robots, Shenzhen-style
He added that the show was commissioned by the Shenzhen government, and premiered in Shenzhen in March. “The city is home to many technology companies and talents. This makes the dance drama special,” …
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