Shares of China’s largest bottled water producer Nongfu Spring slumped after posting a sharp slowdown in its half-year profit growth.
Monthly Archives For August 2024
CHINA UNICOM Chairman Projects Data Assets to Worth RMB500M This Yr
Chairman Chen Zhongyue said at the opening ceremony of an expo that starting this year, UNICOM has listed the value of its data assets on its balance sheet, and it is expected that data assets…
Foreign smartphone sales in China edge up 2.7% in July, according to research data
Sales of foreign-branded smartphones, including Apple Inc’s iPhone, in China rose 2.7% in July year-on-year, according to data released on Wednesday from a government-affiliated research firm.
Sports brands in China turn in uneven performance despite Olympic year
A bright spot in the first half was Anta Sports Products, one of the largest homegrown Chinese brands. The company on Tuesday evening said its interim revenue grew 13.8% on the year to 33.73 billion…
Prudential New Business Profit Falls 1.4%, Led by China, HK
Prudential Plc reported a 1.4% drop in new business profit for the first half, hit by slower sales in mainland China, Hong Kong and Indonesia.
Popular Taiwanese dumpling chain to close 14 stores in China as economy loses steam
Din Tai Fung, a popular Michelin-starred Taiwanese restaurant known for its long lines and hot dumplings, says it is closing more than a dozen stores in China as the world’s second-largest economy …
Performing group showcases Zhejiang’s vibrant culture in Beijing
Zhejiang Performing Arts Group announced its 5th anniversary Beijing performance season on Tuesday. From September to November, performances from dance drama, acrobatic shows to traditional Chinese folk music, will be staged in Beijing.
China bond bulls warned over bumper debt supply
The warning follows frenzied buying that has driven up the prices of Chinese 10-year central government bonds, pushing yields below 2.2 per cent and leading the People’s Bank of China to caution that …
India’s Reliance on Chinese Imports Continues to Grow in First Half, Report Says
China remained India’s largest importer in the six months ended June 30, with imports rising 8.4 percent to USD50.1 billion from a year earlier and the trade deficit reaching USD41.6 billion, the …
China’s two richest people lose billions in consumer stock rout
China’s top billionaires saw their combined wealth drop by more than $18 billion due to massive stock selloffs in major consumer firms. This reflects
China’s Xpeng Motors planning EV production in Europe
Chinese electric vehicle maker Xpeng Motors is in the early stages of researching where it can build a production facility in the European Union as part
China accuses Canada of protectionism over EV tariff
CHINA has accused Canada of protectionism after that country’s Prime Minister Justin Trudeau’s Government imposed a 100 per cent tariff on imports of Chinese-made electric vehicles, matching US duties …
China’s Credit Market Sees First Floating Rate Bond Since 2020
A Chinese local government financing vehicle is selling the first floating rate corporate note seen in the domestic bond market in more than four years, even as interest rates in the country are at historically…
