China on Wednesday published revised rules on how local governments should manage funds allocated by Beijing for scientific and technological innovation, at a time when local government finances are …
Monthly Archives For January 2024
State-backed ‘national team’ of investors piles in to support China stocks
A rescue operation is underway in China’s equity markets with large and unusual flows into blue-chip funds suggesting a plunge by state-backed investors.
New China defence minister holds video talks with Russia’s Shoigu
China’s new defence minister Dong Jun held a video call with his Russian counterpart Sergei Shoigu on Wednesday, according to a defence ministry statement, in his first public engagement since being appointed last month.
Taipei protests against Beijing’s ‘unilateral’ moving of flight path closer to sensitive median line
Taiwan has protested against China’s “unilateral” adjustment of civil aviation flight routes that could result in civilian aircraft flying closer to the sensitive Taiwan Strait median line, adding pressure on Taipei in its aviation safety…
Myanmar Junta Takes Heavy Hits Three Years After Coup
One morning last October as the dawn light touched the cold hills of northern Myanmar a barrage of rockets and drones streaked through the sky and slammed into dugouts and bases housing military troops.
Evergrande’s liquidation crisis won’t be China’s ‘Lehman moment,’ China Beige Book COO says
“China’s non-commercial financial system ensures there won’t be a ‘Lehman moment,’ since the government effectively controls all of the intermediaries in the economy and can force them to continue to lend, supply, borrow, etc,” China…
Evergrande Liquidation’s ‘Snowball Effect’: What’s Next For China’s Troubled Real Estate Sector?
Hong Kong court orders liquidation of China Evergrande, biggest real estate developer, sending shockwaves through financial community.
China’s big airlines set for fourth straight lossmaking year
China’s three major airlines are on track to extend a lossmaking streak to a fourth year, as analysts warn that the country’s uncertain economic growth and fewer direct US flights are weighing on …
China comes just shy of Japan as the world’s largest car exporter
More than 70% of China’s car exports in 2023 were of gasoline-powered vehicles, according to the country’s Ministry of Commerce.
China to introduce revised crypto AML regulations by 2025
Major participating Chinese scholars and financial experts said that the AML law involves a relatively broad scope, making it difficult for the revised draft to be comprehensive.
BYD first China marque to break into Singapore’s top 10; Toyota, Mercedes, BMW still the top three
BYD has become the first car brand from China to rank among Singapore’s top 10 bestsellers, jumping to fifth place and becoming the top electric vehicle (EV) brand in 2023. Toyota, Mercedes-Benz and …
China overtook Japan as world’s top vehicle exporter in 2023
China overtook Japan as the world’s biggest vehicle exporter last year, data from the Japan Automobile Manufacturers Association showed Wednesday.That compared with 4.91 million exported by China, as …
Amer Sports’ China Reliance Weighs on 2024’s First Big IPO -Sources
Founded in Helsinki in 1950, Amer Sports was acquired by a consortium of primarily Chinese firms in 2019 for 4.6 billion euros ($5 billion). The biggest shareholder, with a 56% stake, is Anta Sports, …