The world’s biggest money manager lost confidence in Chinese stocks and their emerging-market peers after turning bullish in February The MSCI China Index has lost 11.8 per cent since late February; …
Monthly Archives For September 2023
Mutually assured financial destruction won’t deter China
America’s economic reliance on China won’t prevent a Sino-American War. Indeed, it might even make a conflict more likely.
UPDATE 1-China’s Tuhu Car to raise $146 mln in Hong Kong IPO -sources
Chinese car maintenance service startup Tuhu Car is set to raise HK$1.137 billion ($146 million) in its Hong Kong initial public offering by pricing its shares at HK$28 apiece, according to three …
China Aims To Replicate Human Brain in Bid To Dominate Global AI
The pursuit of the most advanced AI—human-like artificial general intelligence—has prompted concerns among experts about potential dangers if it runs amok.
Foreign business lobbies warn working in China harder than ever
Foreign business confidence in China has reached its lowest in years, US and European enterprise lobbies warned Tuesday, as slowing growth and geopolitical tensions hit investment prospects.US firms in China now report “record-low” optimism and…
China lashes out against German foreign minister for calling Xi a ‘dictator’
China has lashed out at Germany after its foreign minister called Xi Jinping a “dictator” and summoned Berlin’s ambassador for a dressing down, in the latest flaring of tensions with a western democratic power over…
US-China chip restrictions ‘could hit Irish exports’
US restrictions on selling high-end computer chips to China could be partially responsible for a slowdown in Irish exports, Ireland’s Central Bank has suggested. The value of Irish exports fell by €3bn in the first…
Analysis-Investors temper pessimism on China, but bullish tilt remains distant prospect
Investor negativity on China is showing signs of shifting as money managers stop or slow cuts to their exposure, even if they see a durable bullish tilt in the market or sentiment as distant. After…
Shell Opens Its Largest EV Charging Station Globally in China
BEIJING (Reuters) – Shell said it has opened its largest electric vehicle (EV) charging station worldwide in Shenzhen, China. The station, located adjacent to Shenzhen airport, features 258 charging points, as well as solar panels…
China battles major capital outflow, yuan under pressure
China’s economy is currently grappling with a significant capital outflow, the largest it has seen in years. This situation is causing major distress to its already struggling currency, the yuan, and …
Starbucks bets on China with $220 million roasting and distribution center
Starbucks says it has poured more than $200 million into a new campus in China, in a sign of how the Chinese consumer remains crucial to the global coffee chain despite a major economic slowdown.
Shenzhen’s Foreign Trade Grows Faster Than Shanghai, Beijing in First Eight Months
Shenzhen’s private firms imported and exported CNY1.55 trillion worth of goods and services in the first eight months of the year, up 15.6 percent from a year earlier, accounting for over 65 percent …
China approves import of avocados from Venezuela, coconuts from Cambodia
BEIJING (Reuters) – China has approved the import of avocados from Venezuela, customs authorities said in a statement on Tuesday. In a separate statement, customs also approved the import of fresh …
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