More domestic drilling, decarbonization and the end of infrastructure-led growth bode ill for the nation’s consumption outlook.
Monthly Archives For August 2024
Bank of China Plans First-Ever Interim Dividend as Profits Fall
Bank of China Ltd. announced its first interim dividend since listing in 2006 at a time when profit growth is faltering.
Market Cap of China’s Big Six Banks Tops Shenzhen’s ChiNext Board as Investors Seek Safe Haven
(Yicai) Aug. 29 — The market capitalization of China’s Big Six state-owned lenders has surpassed that of the Shenzhen Stock Exchange’s Nasdaq-style ChiNext Board, which boasts more than 1,300 firms, …
Local governments in China to ‘smash iron pots, sell the steel’ to stave off debt risk
Bishan district government in the Chongqing municipality will look to liquidate state-owned assets, such as buildings, land and large equipment.
Local governments in China to ‘smash iron pots, sell the steel’ to stave off debt risk
Bishan district government in the Chongqing municipality will look to liquidate state-owned assets, such as buildings, land and large equipment.
China’s Xi meets with U.S. national security advisor Sullivan
Chinese President Xi Jinping told U.S. national security advisor Jake Sullivan during a meeting that China hoped the U.S. would find “a right way” to get along.
China will not impose anti-dumping measures on EU brandy, for now
Beijing said on Thursday it would not impose provisional tariffs on brandy imported from the European Union despite finding it had been sold in China below market prices, giving both sides room to …
Beijing Holds Back on Brandy Tariffs Amid EU Trade Negotiations
China has decided not to impose provisional tariffs on European Union brandy, despite allegations of it being sold below market prices. This move comes amid ongoing trade talks and could be seen as a negotiation…
China’s new age of swagger and paranoia
In case foreigners miss his coded message—that competent government, equality and order matter more than freedoms—officials boast of “two major miracles” that shaped China’s rise, namely “fast economic development and long-term social stability”.
With China’s Gen Z consumers craving value over status, luxury brands and global markets brace for impact
Amid slower economic growth, young consumers in China are increasingly prioritising value and suitability over pursuing status symbols. This change in attitude is affecting luxury brands and global …
European Spirits Makers Surge After China Pauses Measures Against Brandy Imported From EU
Shares in European spirits makers jumped after China said it would temporarily hold back on dumping measures against brandy imported from the European Union, easing a major concern for investors on …
Pony.ai allowed for autonomous driving tests on Shenzhen’s expressways
Chinese autonomous driving solution provider Pony.ai recently received a permit for autonomous driving testing on expressways in Shenzhen city, the company announced via WeChat on August 29.
China’s Silicon Valley benefits from hi-tech focus as output, investment shine
Shenzhen’s strong performance is in sharp contrast with China’s overall sluggish economic momentum, which saw the world’s second-largest economy grow by a slower-than-expected 4.7 per cent in the …
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