Iron ore dropped to the lowest level in 10 months as China’s years-long property crisis keeps pressure on prices even amid wider signs of a pick-up in growth.
Monthly Archives For April 2024
India, Korea and Japan to Stay Busy With IPOs While China Stalls
After the worst quarter in five years for Asia Pacific initial public offerings, a pick up activity is expected from South Korea, India and Japan while Chinese deals are likely to remain sparse.
BHP executive criticises Xi, predicts China’s decline
Chief economist Huw McKay says Xi Jinping’s ideological grip over state-owned enterprises is hurting the Asian superpower.
After zero-Covid, China fears zero-tourist
Sealed off during the health crisis, the Middle Kingdom is now opening its doors wide. Despite a visa waiver measure, the country is suffering from a tarnished image and struggling to attract Western …
Beijing upgrades website to ease foreigners’ lives
An updated version of a website that provides services for foreigners in Beijing has been unveiled amid efforts by the capital to help them work, study, live and travel in the city. The upgraded …
Exclusive: China’s SAIC aims to slash jobs at GM, VW ventures and EV unit, sources say
China’s SAIC Motor aims to cut thousands of jobs this year at its joint ventures with General Motors and Volkswagen and at an electric-car unit, two people with knowledge of the matter told Reuters.
Manufacturing PMI boost for China’s recovery
Figures are the latest indicator that the Chinese economy is gradually building momentum after recent setbacks …
Asia markets set to rise as China factory activity assessed; Japan business sentiment on deck
China released its official PMI figures over the weekend, while Japan is set to release its Tankan survey, which gauges business sentiment in the country.
China’s manufacturing activity recovers in March
China’s factory activity expanded in March after five consecutive months of contraction as enterprises reported recovery in production and demand and showed optimism in business outlook.
Behind China’s new-energy overcapacity as it changes the face of manufacturing and raises the stakes of competitiveness
Otherwise it will be hard to survive Wang Rongshuo, Guangdong Yangshuo Green Technology “Tech breakthroughs in new energy are crucial for China’s national security,” said Wang, the founder of …
China’s hypersonic science aces train their sights on high-speed rail safety
“When paired with wireless sensing technology, our flexible wheel-rail force sensors can keep a real-time, continuous pulse on high-speed train wheel-rail forces. This is a game-changer for the next …
In tech rivalry with the US, China is behind on a key asset: Its own OpenAI
China has artificial intelligence talent, a growing advanced chip sector, and tech giants like Baidu making gains in gen AI, but it’s trailing the U.S.
China opposes US abuse of national security as chip export restrictions extended
The previous “downgraded” chips failed to gain traction in China. With tightened restrictions, American companies could lose valuable business opportunities and suffer from the restrictive policies of …
