Hong Kong stocks hovered at the lowest level since July 24 after Washington’s measures on restricting investments in China rekindled concerns about geopolitical risks.
Monthly Archives For August 2023
Weak consumer, overseas sales pressure ZTE
Chinese vendor ZTE booked a rise in overall revenue in H1 as consumer product and international sales suffered declines, with profit growth on one-off gains. In an earnings statement last week, ZTE …
China’s ambitious plan to dominate the Metaverse raises alarming concerns
It has come to light that China is reportedly considering the implementation of a system reminiscent of its existing social credit system, but this time within the realm of the Metaverse and other …
China’s lending rate drops amid strengthened policies to boost economy
A signal was sent to intensify counter-cyclical adjustments and promote a quicker economic recovery, said Dong Ximiao, the chief researcher of Merchants Union Consumer Finance Company Limited. The …
China Stops Importing Taiwan’s Mangoes, Blaming Pests Amid Political Tensions
China suspended imports of Taiwan mangoes, saying mealybug pests were found in the fruit, in a possible example of “fruit diplomacy” amid heightened tensions between the two near neighbors. The …
China targets Taiwanese mangoes in latest import suspension
BEIJING/TAIPEI–China’s customs authority has suspended mango imports from Taiwan from Monday after detecting pests in the fruit, the latest measures targeting Taiwanese agriculture which Taipei has …
China’s state investors to infuse $1.7B in wafer production plant in Shenzhen – report
State investors including China’s largest government-backed chip investment fund agreed to invest RMB 12.6B ($1.7B) in a wafer production plant in Shenzhen as China tries to strengthen its domestic …
China’s Stock-Market Selloff Deepens After Underwhelming Rate Cut by Banks
Chinese shares took another hit Monday, after banks in the country cut interest rates less than many economists had predicted. Banks lowered the benchmark one-year loan prime rate by 0.1 percentage
As China Falls Into Deflation, the Mood Turns Dark
Consumers and business owners say they feel paralyzed by despair, and their reluctance to spend and borrow is feeding what could become a dangerous cycle.
It’s all about the politics as China targets Taiwanese mangoes in latest spat between both countries
China’s customs authority has suspended mango imports from Taiwan from Monday after detecting pests in the fruit, the latest measures targeting Taiwanese agriculture which Taipei has denounced as …
China Halts Buying Taiwan Mangoes Amid Tensions, Blaming Pests
China suspended imports of Taiwan mangoes, saying mealybug pests were found in the fruit, in a possible example of “fruit diplomacy” amid heightened tensions between the two near neighbors.
China’s Evergrande Bankruptcy Filing Sends Ripples Through Crypto Markets
In a reverberation felt across the cryptocurrency landscape, China’s Evergrande Group’s recent bankruptcy filing has triggered substantial drops in major digital assets and has cast a shadow of doubt …
Alibaba is so confident Beijing’s tech crackdown has ended that it has just listed over 2,000 jobs for fresh graduates
Alibaba’s massive recruitment drive comes at an opportune time for China’s young graduates after youth unemployment hit a record high in June.
