China’s yuan eases to a seven-month low against the dollar, set for a sixth straight monthly decline in June. The central bank guides official fixing weaker amid capital outflows and speculation of …
Monthly Archives For June 2024
Bad manners: China coffee shop chain feels heat after hard-worked staff lose it with patrons
The story of an employee at a well-known café chain in China who screamed at a customer in frustration and doused them with coffee granules has sparked a debate about workers’ rights.
Chinese fast-fashion giant Shein filed for London IPO in early June, sources say
The company has also updated China’s securities regulator officially about its change of listing venue, the sources say Shein confidentially filed papers with Britain’s markets regulator in early June …
China says its EVs, lithium batteries meet domestic demand, enrich global supply
DALIAN, China, June 25 (Reuters) – China’s Premier Li Qiang told delegates at a World Economic Forum meeting in Dalian the country’s green technologies were not only meeting domestic demand but also …
China’s premier defends national competitiveness as trade tensions simmer
Chinese Premier Li Qiang on Tuesday defended the country’s technological development while criticizing efforts to restrict global cooperation.
Most China Businesses Sticking It Out In U.S. Amid Strains: Survey
A majority of Chinese companies with operations in the U.S. are looking to maintain or increase their investments in the country despite growing concerns about the outlook for relations between the …
China’s Rich Spend Millions on Shanghai Property, Bucking Crisis
A $15 million penthouse was snapped up hours after it went on sale. More than 200 homes priced from nearly $5 million were taken in less than a day. Apartments worth $3.8 million were five…
On China and AI, US sends mixed message about talks to ban the technology from nuclear use
That said, China “may be prepared to talk about other issues around … But Tarun Chhabra, senior director for technology at the US National Security Council, said Beijing did not agree with American …
Exclusive-US probing China Telecom, China Mobile over internet, cloud risks
The Biden administration is investigating China Mobile, China Telecom and China Unicom over concerns the firms could exploit access to American data through their U.S. cloud and internet businesses by …
U.S. Moves Toward Restricting Investments in China’s AI and Technology Sectors
On June 21, the U.S. Treasury Department issued draft rules aimed at curtailing or requiring notification of investments by U.S. entities in China’s artificial intelligence (AI) and other sensitive …
China Market Update: Did The National Team Intervene In The Mainland Market? Kweichow Moutai Reverses Intra-Day
Asian equities were mixed overnight on little news and light volumes following Friday’s high volume FTSE rebalancing and Triple Witching. The Philippines outperformed while China, Taiwan, and Korea …
Uni-Trend Technology China Leads Trio Of Stocks Possibly Priced Below Estimated True Value On Chinese Exchange
Amidst a backdrop of fluctuating global markets, Chinese stocks have shown mixed responses to recent economic data, with sectors like real estate continuing to face challenges. As investors navigate …
Shenzhen’s Nanshan Gathers Efforts for New Progress in China-Germany Cooperation
SHENZHEN, China, June 24, 2024 (GLOBE NEWSWIRE) — An economic and trade delegation from Nanshan District Government of Shenzhen has traveled to Frankfurt, Nuremberg, Munich, and other cities in …
