China Mobile, one of China’s three major telecom operators, vows to accelerate the deep integration of artificial intelligence (AI) into all production and operational processes of the financial …
Monthly Archives For October 2024
China’s $6.5 Trillion Stock Plunge Nightmare Isn’t Over Yet
If you think Jerome Powell and Kazuo Ueda are having a rough 2024, consider the plight of their central banking counterpart in Beijing.
China Market Update: US Pessimism Vs. Hong Kong Optimism, China’s “There Is No Alternative” (TINA) Moment
Asian equities were largely lower, as Taiwan underperformed following ASML’s earnings miss yesterday, while Thailand and Indonesia managed to outperform.
CR Beverage to use US$640 million IPO to fund expansion, supply chain efficiency
It may increase the size of the IPO by 52.2 million shares to meet excess demand if necessary. Assuming an offer price of HK$14, CR Beverage will generate net proceeds of HK$4.72 billion after underwriting…
China to post slowest quarterly growth
China’s economy likely expanded at its slowest pace this year, according to an Agence France-Presse (AFP) survey ahead of data on Friday, as authorities struggle to reignite consumption amid a chronic …
China to post slowest quarterly growth
China’s economy likely expanded at its slowest pace this year, according to an Agence France-Presse (AFP) survey ahead of data on Friday, as authorities struggle to reignite consumption amid a chronic …
China aquarium’s fake whale shark slammed by angry visitors
BEIJING – Visitors to a new aquarium in China were left furious this week after discovering one of its top aquatic stars is a robot, despite it being marketed as such. Xiaomeisha Ocean World in…
Russia and China Announce Plans for Expanded Cooperation
During the Shanghai Cooperation Organization summit in Pakistan, Moscow and Beijing said they would cooperate further in the future.
Sinopec raises output from east China shale oil field
Sinopec is advancing development of shale oil at its pilot project Jiyang in east China, now pumping 1,600 metric tons per day (11,680 barrels per day), up from 100 tons in 2021, the state oil…
LVHM crashes 7.5% in worst plunge since COVID-19 over China’s luxury spending slowdown, stock down 21% YTD
LVMH shares plunged after sales of fashion and leather goods fell for the first time since the pandemic, revealing the scale of the slump in demand from once insatiable Chinese consumers.
Moscow and Beijing announce further cooperation during international group meeting in Pakistan
Leaders and top officials from an international group founded to counter Western alliances met in Pakistan’s capital Wednesday, with Moscow and Beijing announcing they will boost cooperation.
China emerges as India’s top import source during April-September 2024
China has emerged as India’s top import source with USD 56.29 billion worth of inbound shipments during the April-September period of this fiscal, according to the commerce ministry data. The imports …
China’s EV giants shine at Europe’s largest auto show while local rivals despair
The U8, which was making its European debut but is currently only sold in China, also comes with a drone that allows … would put pressure on Xpeng’s business model, the company was not backing…
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