Commerce Secretary Gina Raimondo took flak from Beijing this week shortly after delivering some of her hardest lines yet on the Biden administration’s intention to best China in the ongoing tech war.
Monthly Archives For December 2023
Prada CEO says it aims to double business in China in medium term
Prada has ambitions to double its business in China over the medium term, Gianfranco D’Attis, chief executive of the Italian luxury fashion house’s flagship brand, said on Wednesday.
(LEAD) China’s AliExpress vows investment to protect intellectual property of S. Korean brands on its platform
SEOUL, Dec. 6 (Yonhap) — Chinese e-commerce platform AliExpress said Wednesday it plans to invest 10 billion won (US$7.6 million) in South Korea over the next three years to better protect the …
Analysis-Moody’s outlook cut complicates Beijing’s ‘war’ against market bears
Moody’s negative outlook on China has intensified Beijing’s battle with market bears, raising pressure on the government for more forceful measures to prop up sinking stocks and stabilise the yuan as …
China’s Wang Stresses Promoting Stable, Healthy Sino-US Relations With Blinken
Blinken also thanked Wang for going to the U.S. Embassy in China to express his condolences to former U.S. Secretary of State Henry Kissinger, said the Chinese foreign ministry. Henry Kissinger, the most powerful U.S.…
Cameron Re-Engages With China in Call With Foreign Minister Wang
Former UK Prime Minister David Cameron has re-engaged with China in his new capacity as foreign secretary, holding a call with counterpart Wang Yi, according to an announcement by China’s foreign ministry.
TikTok owner ByteDance offers to buy back US$5 billion worth of investor shares as IPO prospects remain slim
The price offered to investors is similar to the US$160 per share offered to employees, which puts the company’s total valuation at US$268 billion In the second quarter, ByteDance’s China revenues …
China blue-chip stocks hit 5-year lows, yuan eases after Moody’s move
China’s economic recovery has shown signs of losing steam quickly after an initial burst in consumer and business activity at the start of the year, weighed down by an ailing housing market, local …
Moody’s puts China on downgrade warning as growth, property pressures mount
Ratings agency Moody’s slapped a downgrade warning on China’s credit rating on Tuesday, saying costs to bail out local governments and state firms and control its property crisis would weigh on the …
China Debt Outlook: Moody’s Cuts To Negative As Property Crash Continues To Weigh
Ratings agency Moody’s cut its outlook on China’s credit rating to negative on Tuesday, saying the country faces an economic slowdown as it continues to grapple with the fallout from the collapse in …
Moody’s cuts China credit outlook to negative, cites slowing economic growth, property crisis
Credit rating agency Moody’s has downgraded its outlook for Chinese sovereign bonds to negative, citing risks from a slowing economy and a crisis in its property sector …
Moody’s cuts China credit outlook, citing lower growth, property risks
Ratings agency Moody’s on Tuesday cut its outlook on China’s government credit ratings to negative from stable, citing lower medium-term economic growth and risks from a major correction in the …
Fitch says China’s local government financing vehicles at lower risk of default in 2024
China’s municipalities will see lower default risks at their local government financing vehicles (LGFVs) next year, thanks to a gradual recovery in fiscal revenues and policy support from the central …
