Chinese steelmakers slashed output last month as woeful demand forced steep cuts on an industry contending with a collapse in margins.
Monthly Archives For August 2024
Nearly 85 pct of counterfeit goods come from China: data
Nearly 85 percent of the counterfeit goods seized by South Korean customs authorities in the first half of this year originated from China, data showed Thursday. The value of these fake goods, …
China reports slight beat in July retail sales, but industrial data disappoint
Retail sales rose by 2.7% in July from a year ago, beating forecasts of 2.6% growth according to a Reuters poll. Industrial production rose by 5.1%, below the poll’s forecast of 5.2%. Within fixed …
China’s home-price slump deepens in July to new 9-year low
China’s new home prices fell at the fastest pace in nine years in July, official data showed on Thursday, as supportive policies failed to stabilise the market and restore confidence in the struggling …
China’s property investment falls 10.2% y/y in January-July
Property investment in China fell 10.2% in the first seven months from a year earlier, after dropping 10.1% in January-June, even as the government launched a slew of support measures to bolster …
Urea supply tight as China keeps exports low
Global urea supplies are constrained, according to analysts. One of the main reasons for that tightness is the lack of exports from China,
The big cover-up: Shunning the sun has become big business in China
Ultraviolet protection from the sun’s rays has become big business in China. The market for UV protective products surged to 74.2 billion yuan (US$10.3 billion) in 2023 and is expected to hit 95.8 …
Mainland Chinese food brands make inroads in Hong Kong as int’l eateries retreat, researchers says
Mainland Chinese food and beverage brands have gone against the tide to expand in Hong Kong, a research NGO has said, whilst international eateries have scaled down their businesses compared to five …
China new home prices fall for 13th straight month in July
China’s new home prices fell for the 13th straight month in July, official data showed on Thursday, as supportive policies failed to stabilise the market and restore confidence in the struggling …
China’s Home Price Slump Eases After Government Rescue Efforts
China’s home-price downturn abated in July, a sign that the government’s most forceful effort to revive the market is beginning to take hold.
What China’s Commodity Imports Say About Its Economy
China’s energy imports present a mixed picture, with coal and LNG purchases surging while crude oil imports decline, reflecting economic challenges and strategic stockpiling.
China resubmits application to build contested big embassy in London
China has resubmitted plans to build a new large embassy in London, a contested project that could test how the new Labour government handles relations with the world’s second largest economy after …
China’s AI Video Rush Is a Wake-Up Call for the World
The public release of a handful of AI video generators from big companies and start-ups aims to show how the country is narrowing the gap with the US when it comes to the technology. But…
