Banks eliminated more than 60,000 jobs worldwide in 2023, as a decline in dealmaking and public listings caused fees to plummet. The declines in China contrast with earlier hopes that their business in the country…
Monthly Archives For July 2024
Microsoft consolidates retail channels in China
Microsoft is consolidating its retail channels in mainland China, the firm said in response to media reports that it is closing its network of authorised physical retailers in the world’s second-largest economy.
China’s Xi calls for ‘Bridges’ amidst trade and diplomatic tensions
This move could potentially open a new front in the ongoing tariff war between the West and Beijing, which began with Washington’s import duties in 2018. The EU has accused China of flooding its …
Russia looking for China’s help to develop Arctic shipping route – but is it worth it for Beijing?
Moscow is keen to develop the Northern Sea Route to counteract sanctions, but China is ‘less motivated’ despite the potential benefits.
Explainer: What is China’s planned financial stability law and how will it work?
China is moving closer to unveiling its financial stability law, which includes setting up a fund to rescue troubled financial institutions, as part of Beijing’s broader efforts to prevent systemic …
{Hot Stocks}CHINA UNICOM(00762) quoted at HK$7.39, up 3.1%
[ET Net News Agency, 2 July 2024] CHINA UNICOM (00762) rose 3.1% to HK$7.39. It hits an intra-day high of HK$7.39, hitting a 52-week high, and an intra-day low of HK$7.12. The total shares traded…
China’s mobile phone shipments continue to rise in May, as 618 shopping festival boosts market
Demand for mobile phones in China continues to surge, which helps to reduce the seasonal decline in global mobile phone shipments in the second quarter.
American Express has high confidence in Chinese market, boosted by Beijing’s steadfast opening-up efforts
VCG. American Express said it is bullish on the Chinese financial market, noting that the country’s opening-up has been a trigger for the company to consid …
China’s Plastics Boom Is Set to Create Another Trade Headache
A surge of Chinese plastic supply is threatening to overflow in the face of weak domestic demand, morphing into a fresh trade challenge for the rest of the world.Parts of the country’s sprawling …
China executes $347 billion plot to control world’s electric vehicle market
China has been accused of “cheating” in the race to control the world’s electric vehicle market, spending a staggering amount of money in order to crush its rivals.
A deep look into burgeoning blockchain audit
A new study explores the emerging trend of smart contract audits and shows that in the realm of assurance, decentralised finance is proving its worth …
China’s property crisis forces local hukou reform, laying groundwork for national change
Local governments in China are experimenting with changes to their household registration system, leading some to wonder if national policy is forthcoming A slump in China’s property market has helped …
One in every three cars sold by 2030 will be from Chinese brand, study predicts
Chinese brands are expected to significantly increase sales in markets outside of China while also competing stronger in the domestic markets, perhaps at the expense of western brands.
