A record low 42% of EU companies said they plan to expand their operations in China this year, according to a EU business chamber survey.
Monthly Archives For May 2024
China says it firmly opposes US export control tools
China firmly opposes the abuse of export control tools such as the U.S. entity list, a foreign ministry spokesperson said on Friday, after the U.S. added 37 Chinese firms to a trade restriction list over…
South Korea’s Foreign Minister to Visit China Next Week
South Korea’s Minister of Foreign Affairs Cho Tae-yul speaks during a joint press conference following an Australia and South Korea Foreign and Defence Ministers’ meeting in Melbourne, Australia, May 1,
Iron ore’s big China property problem isn’t going away
Pockets of strength in the Chinese steel market have boosted the raw material after a plunge below $US100 a tonne early last month but investors are cautious.
Beijing can’t wish away China’s overcapacity problem
In Beijing last month, U.S. Treasury Secretary Janet Yellen warned that President Joe Biden could not allow U.S. manufacturers to be “decimated” by a “flood” of “ artificially cheap Chinese products .
Chinese venture capitalists warn IPO freeze will hit innovation
Chinese venture capitalists have warned the country’s IPO freeze is starving tech startups of funds by keeping market participants locked into existing investments, undermining Beijing’s current push …
HKUST and Beijing Tiantan Hospital to launch training programme for physicians
Selected physicians for the programme will undergo research training at the university where they will participate in frontier research projects whilst learning new research approaches and technologies.
China’s green aluminium ambitions hit by erratic rains, power cuts
Erratic rainfall in China’s southwest is frustrating a multibillion-dollar push to green an aluminium industry that accounts for almost 60% of global output and, by some estimates, emits more carbon dioxide than Australia.
What Xi Jinping gets wrong about China’s economy
China’s steel exports, measured in tonnes, increased by more than 28% in the first three months of this year, compared with a year earlier. Its exports of new-energy vehicles increased by almost 24%.
The U.S. is now Germany’s biggest trading partner — taking over from China
After years of China being Germany’s main trading partner, the U.S. quietly overtook that spot in the first quarter of the year, data calculations show.
Beijing slams top US envoy in Hong Kong over ‘blatantly supporting Jimmy Lai and other anti-China disrupters’ after ‘soft repression’ claims
China’s foreign ministry arm in the city hits out at US Consul General Gregory May, who accused Hong Kong of curbing freedom of expression beyond its borders May was speaking at online forum organised …
Beijing bourse facilitates treasury bond issuance of 1.46 trln yuan in Jan-April
BEIJING, May 10 (Xinhua) — Over 1.46 trillion yuan (about 205.67 billion U.S. dollars) of treasury bonds were issued on the Beijing Stock Exchange (BSE) in the first four months of the year, …
China’s biggest chipmaker SMIC warns of fierce competition as it misses quarterly profit expectations
SMIC on Friday warned of intense competition as its net income plunged 68.9% from a year earlier to $71.79 million. Gross margin slid to 13.7% in the quarter – the lowest the firm has ever…
