China has lodged a grievance against US electric vehicle subsidies at the World Trade Organization, alleging ‘discrimination’ in selective treatment for products depending on the venue of their final …
Monthly Archives For March 2024
Hong Kong stocks tumble as Alibaba’s scrapping of logistic unit IPO weighs on sentiment
Hong Kong stocks underperformed the region as sentiment was dealt a blow by the cancellation of a Hong Kong IPO of Alibaba Group’s logistic unit and a cautious outlook from electric vehicle maker BYD.
Jan-Oct foreign investment in Shenzhen manufacturing surges nearly twofold
According to the report, Shenzhen showcased its magnetic pull for foreign investment in 2023 with the city’s endeavors to refine its business milieu to global standards and as a result, 7,258 new …
China invests in green, transition finance systems and frameworks
The regional leader in green bonds will keep looking at labelling and internationally aligned standards, such as the common ground taxonomy with the EU, experts discussed at ICMA’s inaugural summit.
China’s anxious jobseekers face reality as career aspirations vanish, youth unemployment pressure remains
Young jobseekers in China are grappling with disillusionment within the grim employment market, while Beijing is eager to maintain social stability and boost consumption.
Alibaba scraps Cainiao IPO plans, proposes acquisition: ‘Poor market conditions’
China’s e-commerce pioneer Alibaba Group Holding Ltd. decided to postpone the transaction because of poor market conditions.
China’s industrial profits rise 10.2% in Jan-Feb
China’s industrial firms posted higher profits in the opening months of the year, official data showed on Wednesday, suggesting an economic recovery was gaining momentum despite persistent …
China ‘Very Close’ to Ending Australia Wine Tariffs, Business Chief Says
The Chinese government is “very close” to lifting the heavy tariffs on Australian wine imports, a business lobby said, while tempering expectations about all producers returning to the market after …
European flying car technology sold to China
The tech behind a flying car, originally developed and successfully test-flown in Europe, has been bought by a Chinese firm. Powered by a BMW engine and normal fuel, the AirCar flew for 35 minutes …
Apple iPhone shipments in China fell 33% in February, state data show
It extends a slump in demand for the iPhone in its most important overseas market. Read more at straitstimes.com.
China’s Xi to meet foreign business leaders amid jitters over economy
Last year, foreign direct investment in China fell 8 percent as companies scaled back operations … also made some firms question whether they are truly welcome, while the COVID-19 pandemic drew …
More Chinese Companies to Be Added to U.S. Import Ban List
A list of companies banned over forced labor concerns is expected to grow in the next few months, says Laura Murphy, a Homeland Security adviser.
Alibaba scraps logistics arm’s IPO after market turmoil worsens
It’s the second time Alibaba has nixed a high-profile debut for one of its main businesses. Read more at straitstimes.com.
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