The announcement from the Ministry of Commerce that Imports of polyoxymethylene copolymer -which is used in electronics and cars – is a signal that China will hit back in its trade disputes with the US…
Monthly Archives For May 2024
China leaves benchmark LPRs unchanged, in line with expectations
China left benchmark lending rates unchanged at a monthly fixing on Monday, in line with market expectations.WHY IT’S IMPORTANTThe steady monthly LPR fixings come after China announced “historic” steps last week to stabilise its crisis-hit…
‘China’ hacks bank details of 250,000 British MOD workers: Beijing blamed as soldiers, veterans and officials are targeted in huge data breach – as President Xi is wined and …
Their names and bank details are amongst the information that has been … campaign of ‘malicious’ cyber attacks in an unprecedented joint operation to reveal Beijing’s espionage. Britain publicly …
China adds some U.S. companies to unreliable entities list
China’s Ministry of Commerce announced on Monday the inclusion of some companies on its unreliable entities list as they sold arms to China’s Taiwan region. The companies include General Atomics Aeronautical Systems,
Nio’s ONVO brand offers an affordable alternative for families
Nio unveils the ONVO brand and its first model on May 15 in Shanghai. [LI FUSHENG/CHINA DAILY] Nio unveiled volume car brand ONVO last week, becoming the first Chinese electric vehicle startup to …
Taiwan inaugurates new president for ruling party’s historic third term after voters snub China’s warnings
Lai Ching-te was sworn in as Taiwan’s president Monday, marking the start of a historic third consecutive term for the island’s ruling Democratic Progressive Party (DPP), which has championed democracy in the face of years…
China’s top rideshare boss vacates her role
PLUS: Singapore’s Grab’s fintech profits surges; TSMC exec gets ASML sticker shock; US and China talk about AI, and more.
Kakao to liquidate character business in China amid ongoing closures
South Korean IT giant Kakao is closing some of its overseas subsidiaries and winding down a string of businesses accused of infringing on local businesses.According to the company’s quarterly report on May 19,
Asia shares touch two-year top as China plans property boost
Asian shares started the week by rallying two-year highs on Monday, buoyed by China’s strongest measures yet to address its property crisis and by expectations for global rate cuts within weeks, while the dollar steadied…
China launches anti-dumping probe into EU, US chemical imports
China’s commerce ministry on Sunday said it had launched an anti-dumping investigation into imports of an important engineering chemical from the European Union, the United States, Taiwan, and Japan.
As US hikes China tariffs, imports soar from Vietnam
As the United States intensifies efforts to reduce trade with China by hiking tariffs, it has greatly boosted imports from Vietnam, which relies on Chinese input for much of its exports, data show.
How can China get the best tech? Keep calm and learn from the US, economist says
Yao Yang from Peking University says a developed, capitalist market and openness to immigrants helped the United States lead the way over the past century.
Morning Bid: China clouds darken market mood
Broadly speaking, the global backdrop for Asian markets is still bright, with investors confident that the Fed will soon cut U.S. interest rates keeping the dollar, bond yields and volatility in check …
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