Shares of drinks maker China Resources Beverage leapt 13.5% on its Hong Kong trading debut on Wednesday after raising $540 million in an initial public offering (IPO).
Monthly Archives For October 2024
Takeda: China will become second-largest market by 2031
Having been in the Chinese pharmaceutical market for 30 years, Japan’s Takeda is optimistic about the market and will keep investing in the country, a senior company executive has said.
China’s exporters run for cover as US election nears
By David Kirton, Casey Hall and Ellen Zhang GUANGZHOU, China (Reuters) – If Donald Trump wins next month’s U.S. presidential election, Mike Sagan’s toy-making company will halve its China supply chain …
Senators seek Biden administration review of undersea cable vulnerabilities
A bipartisan group of eight U.S. senators on Monday urged President Joe Biden to order a review of the security of the global network of undersea communications cables that handle nearly all the world …
Senators urge Biden to review security of undersea cables handling world’s internet traffic
More than 400 subsea cables form the backbone of the internet, carrying over 95 per cent of the world’s data traffic. Read more at straitstimes.com.
China’s stimulus measures not enough, Yellen and IMF chief economist say
China’s latest stimulus measures moves will not meaningfully boost domestic demand, leaving a major source of trade friction intact, U.S. Treasury Secretary and International Monetary Fund chief economist Pierre-Olivier Gourinchas said on Tuesday.
Top international fashion brands debut new collections as a vote of confidence in China
Top international fashion brands are launching new collections in China economic hub Shanghai, a vote of confidence in the country consumer market …
Germany bets on India to reduce reliance on China
Chancellor Olaf Scholz leads a high-level delegation to New Delhi this week, betting that greater access to the vast Indian market can reduce Germany’s reliance on Beijing even if India does not turn …
Apple Partners with China Mobile To Offer Subscriptions
Apple has formed a partnership with China Mobile to offer its more than one billion subscribers in Mainland China access to Apple Music. China Mobile users in mainland China can activate the service …
China Think Tank Urges $281 Billion for Market Stabilization
China should issue 2 trillion yuan ($281 billion) of special government bonds to help create a market stabilization fund, according to a top government-linked think tank.
West blasts China on rights, China responds: What about Gaza?
Australia, the United States and 13 other countries criticized China at the United Nations on Tuesday over alleged human rights abuses in Xinjiang and Tibet, prompting China to denounce them for ignoring the “living hell”…
L’Oreal third quarter sales disappoint as China spends less on beauty
French cosmetics giant L’Oreal reported a rise in third quarter sales on Tuesday that missed expectations after low consumer confidence in China sapped demand for beauty products.
What candidate does Beijing prefer to win the U.S. election?
Chinese officials are avoiding voicing their opinion on the outcome of the 2024 U.S. presidential election but prefer the predictability of a potential Kamala Harris administration, according to the …
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