Zeekr uses Geely platforms and factories, and holds a specific strategic position within the group. Learn why I rate ZK stock a hold.
Monthly Archives For July 2024
PwC mulls cutting down 50% staff in China amid regulatory scrutiny
PricewaterhouseCoopers (PwC) is considering reducing up to half its financial services auditing staff in China, according to two sources familiar with the situation, as a regulatory investigation and …
Taiwan firms shift supply chains to India from China, trade body chief says
Taiwan firms are shifting supply chains to India from China, as Taipei and New Delhi strengthen economic ties, the head of the island’s key trade body told Reuters, as global trade tension rises among …
China looks to South African food exports as way of reducing reliance on US and Australia
The country is already a major supplier of metals and minerals, but now its agricultural sector could benefit from strong demand in China.
Chinese bubble tea maker Chagee reportedly hires Starbucks talent, mulls US IPO
Chinese bubble tea chain Chagee has reportedly hired Li Tao, vice president of Starbucks China, paving the way for the rising brand’s further expansion, according to local media outlet 36Kr. However, …
Exclusive: PwC weighs halving of China financial services audit staff, say sources
PricewaterhouseCoopers (PwC) is considering slashing up to half its financial services auditing staff in China, two people with knowledge of the matter said, as a regulatory investigation and an …
US Nuclear Submarine Surfaces in China’s Backyard
The U.S. Navy currently has about 9,900 VLS cells spread across its fleet, while the Chinese navy has around 4,200, according to a report published last month by the Center for Strategic and …
Signed, sealed, delivered by drone, China students excited by flying university admission
A small group of students in China have become the first in the country to have their university admission letters delivered by drone.
China’s GDP forecasts cut by some banks to below 5% target, Beijing facing ‘critical point’
Some major investment banks cut their forecasts for China’s 2024 economic growth to below 5 per cent following disappointing second-quarter data.
China ramps ups military education for younger ages to help sow ‘seeds’ of patriotism
More primary and secondary schoolchildren are participating in pilot programmes to improve their military awareness and skills.
Chinese state-owned brokerage to ramp up investment banking business in Southeast Asia
A unit of state-owned brokerage China Galaxy Securities (CGS) plans to expand its investment banking team in Southeast Asia to 50 people next year from 30 now, a senior executive said, betting on a …
Chinese finance firms ask Hong Kong staff to pay back part of their bonuses
Some of China’s largest state-backed financial firms are asking employees in Hong Kong to return a portion of their pay, extending President Xi Jinping’s ‘common prosperity’ campaign to the offshore …
Experts worry that a U.S.-China cold war could turn hot: ‘Everyone’s waiting for the shoe to drop in Asia’
They also worry that China may quickly erode the U.S.’s technological advantage and Washington’s global influence. Many of China’s trading partners are in the “middle powers group: The Brazils and …
