After the Hong Kong close and before the US open, Alibaba told filed with the Hong Kong Stock Exchange that, during Q1 2024, the company spent $4.8 billion buying back 65 million ADRs, representing …
Monthly Archives For April 2024
US Treasury’s Yellen to return to China, emphasize excess capacity threat
U.S. Treasury Secretary Janet Yellen will return to China this week to continue her economic dialogue with top Chinese officials amid a new emphasis on the global threat posed by the Asian …
US Attack Submarines to Counter China Are Running Up to Two Years Late
Delivery of the US Navy’s two new attack submarines to counter China’s growing surface fleet is running as much as two years late, according to service budget documents. The USS Idaho was given a …
Lawmakers want prompt resumption of Nepal-China transit points shut after pandemic
Parliamentarians have demanded the prompt resumption of Nepal-China transit points closed with the outbreak of the COVID-19 pandemic.
Biden, China’s Xi hold phone call on Taiwan, AI, trade
President Biden and Chinese President Xi Jinping held a phone call to discuss Taiwan, artificial intelligence and other issues, the White House says.
Yellen Heads to China This Week to Press Beijing on Overcapacity
US Treasury Secretary Janet Yellen will this week travel to China for the second time in nine months, aiming to press her counterparts on a build-up of industrial overcapacity that poses threats to …
Joe Biden and China’s Xi Jinping speak by phone
President Biden spoke with Chinese President Xi Jinping on the phone to “check in” and discuss U.S. concerns about economic relations, Ukraine and cybersecurity threats. The White House has …
China, India boost seaborne thermal coal imports as power demand surges
China and India lifted imports of seaborne thermal coal to three-month highs in March as the world’s two biggest buyers took advantage of lower international prices of the fuel to meet strong domestic …
How we got to ‘Made in China’
Crow founded and ran what was then the most successful advertising company in Shanghai. In newspapers, magazines and a sprawling empire of over 15,000 billboards, Crow marketed Colgate toothpaste, …
China burglar in hyper-real silicone old-man mask steals valuables worth US$14,000 is caught within 24 hours
A serial house robber in China who tried to fool police by wearing a hyper-real silicone mask was caught within 24 hours of his crimes, causing much hilarity on mainland social media.
China’s Foreign Minister Warns Europe: De-risking Against China Not in Your Best Interest
Central Foreign Affairs Commission (also serving as the Foreign Minister), met with the French Foreign Minister, expressed China’s position by stating that France’s participation in the U.S.-led …
Is China’s economy finally bottoming out?
No surprise then to see China’s manufacturing investment beginning to bounce back a bit more convincingly: Overall factory investment rose nearly 10% year over year in January and February. Investment …
In depth: Cainiao’s IPO withdrawal and Alibaba’s bumpy ride
The Chinese internet giant’s recent ride hasn’t been easy amid geopolitical tensions, a gloomy domestic economy and the high cost of capital. FA spoke to analysts and economists to assess the firm’s …
