The number of rich families in China declined for the second time in 15 years as the world’s second-largest economy tackles a slew of economic challenges, ranging from a property crisis to dampened …
Monthly Archives For March 2024
China may be developing plans to take out US satellites from the moon, Space Force general says
China may be planning to take out US satellites from the moon, a US Space Force commander said. Analysts are warning that China could be planning to use its power in space for military purposes. But …
American CEOs Get Ready to Go to Beijing. But Who Will Receive Them?
China wants to use annual business gathering to attract more foreign investment but is opaque about which leader will attend.
China, India hail Putin election win; West brands it ‘undemocratic’
Allies of Russian President Vladimir Putin including China and India congratulated him Monday on winning a fifth term in power but Western leaders dismissed the election as illegitimate, held under …
China Unicom expects profit gain as capex falls
China Unicom chair and CEO Chen Zhongyue targeted stable operating revenue gains and double-digit profit growth in 2024, with network investment peaking last year as its 5G coverage goal was nearly …
China Unicom (Hong Kong) GAAP EPS of RMB 0.61, revenue of RMB 372.6B; initiates FY24 outlook
FY GAAP EPS of RMB 0.61. Revenue of RMB 372.6B (+5.0% Y/Y). Return on equity reached 5.4%, the best in recent years.
China’s Xiaomi Q4 2023 revenue rises 11%, beats estimates
Chinese smartphone maker Xiaomi reported a 10.9% rise in fourth-quarter revenue on Tuesday, boosted by strong smartphone sales in an industry showing signs of recovery.
Focus sharpens on China’s tech
The House-passed measure designed to force China’s ByteDance to divest TikTok is only part of an expanding effort aimed at curtailing China’s tech ties to the United States. As lawmakers were …
Is TikTok different in China? Here’s what to know
More noticeable differences between TikTok and Douyin arise when the respective apps are looked at through the lens of young users, some experts said. In the U.S., children experience the same version …
The Western Companies Plowing Billions Into China
From LEGO to American Express, see the famous Western firms that are investing in new factories and stores across China.
China Releases Action Plan To Attract Foreign Investment
China’s State Council released an action plan to further … and loosen visa rules, to make doing business easier in the world’s second-largest economy.
Beijing says Evergrande and its tycoon founder committed a $78 billion fraud. That would rank it as one of the biggest financial frauds ever.
Beijing has accused Evergrande of inflating revenue by $78 billion in 2019 and 2020.Regulatory authorities have fined Evergrande’s founder and banned him from the securities market for life.The …
Hong Kong Adopts Sweeping Security Laws, Bowing to Beijing
The legislation targets “external interference” and the theft of state secrets, with implications for businesses, journalists, civil servants and others.
ADVERTISEMENT
