China’s finance ministry announced an enhancement to its national financing guarantee fund to support small and medium-sized technology enterprises. The move seeks to foster innovation and …
Monthly Archives For July 2024
China Using AI To Bring People Back From Dead
The nascent grief tech industry is booming in China on the back of advances in artificial intelligence, offering the bereaved the chance to “resurrect” deceased loved ones in the form of avatars.
Typhoon Gaemi lashes China after pounding Taiwan, Philippines
BEIJING (Reuters) -Typhoon Gaemi pummelled towns on China’s coastal Fujian province on Friday with heavy rains and strong winds as the most powerful storm to hit the country this year began its widely …
Fridges not bridges: China veers off beaten path with consumer stimulus
China’s use of ultra-long treasury bonds to fund a consumer goods trade-in programme deviates from the usual playbook of boosting investment to support the economy and is fuelling expectations for …
The world’s biggest luxury brands are hurting as Chinese shoppers rein in spending
The value of some of the world’s best-known luxury companies is plunging as Chinese consumers pull back on spending, with even the most exclusive brands feeling the pain.
GMIF2024 Innovation Summit Invites All to Gather in Shenzhen on September 27
Driven by production cuts and price increases from upstream manufacturers, alongside a gradual revival in the consumer electronics market, the memory industry is witnessing a recovery after two years …
{Hot Stocks}CHINA UNICOM(00762) quoted at HK$6.77, down 5%
[ET Net News Agency, 26 July 2024] CHINA UNICOM (00762) fell 5% to HK$6.77. It hits an intra-day low of HK$6.77, and an intra-day high of HK$7.13. The total shares traded was 20.36 million, with…
Pakistan ministers in China, plead for debt relief
During a visit to China, Pakistan finance minister Muhammad Aurangzeb met with Chinese counterpart Lan Fo’an to seek relief from Pakistan’s power sector debts. The Pakistani delegation requested an …
Exclusive: China’s Iranian crude imports find new market in northeast
Imports of Iranian crude have been flowing into the port and refining city of Dalian since late last year, tanker tracking firms and trading sources said, helping sustain the country’s purchases of …
End of tax loophole risks dimming Shein’s IPO appeal, investors say
Moves by authorities in the European Union and elsewhere to end tax breaks for low-value parcels threaten Shein’s profitability and risk denting the fast fashion retailer’s long-term attractiveness …
Most luxury companies are struggling in China — except one
Hermès defied China’s luxury slump, with uptick in sales in Asia. Its chairman said Chinese travelers are buying Hermès at home or in Europe.
Signify misses expectations on gloomy Europe, China woes, CEO says
By Alberto Chiumento (Reuters) -Signify CEO Eric Rondolat blamed a “gloomy” economic situation in Europe and “increased difficulties in China” after the world’s biggest maker of lights missed expectations on Friday for second-quarter adjusted core…
China drives Asia’s venture capital market with 6 of the top 10 quarterly deals: KPMG
A total of 2,155 venture-capital deals worth US$17.4 billion were finalised in the Asia-Pacific region in the year’s second quarter, according to a KPMG report.
