China‘s newly minted billionaire is an opera singer-turned-celebrity makeup artist. Mao Geping, whose namesake cosmetics company went public in Hong Kong on Tuesday, saw his wealth explode as the …
Monthly Archives For December 2024
Powerful blast rocks residential high-rise in southern China
A powerful blast rocked a residential high-rise building in an affluent area in southern China’s city of Shenzhen on Wednesday, sending shockwaves through nearby skyscrapers, state media reported. The …
Shenzhen fire and rescue department responds to high-rise residential fire emergency, on-site operations underway
The Shenzhen Fire and Rescue Department in Southeast China’s Guangdong Province issued a statement on Wednesday regarding a fire incident at a high-rise residential building. The statement said that …
China is considering softer currency
Reuters reported on Wednesday that China is considering allowing the yuan to weaken in 2025 to brace for higher trade tariffs in a second Donald Trump presidency, citing people familiar with the …
Top creditor China freezes lending to Cambodia, data shows
China has not approved any loans to Cambodia this year, Cambodian finance ministry data for the first three quarters of 2024 shows, even though it has been Cambodia’s top creditor country in recent …
China Auto Body Seeks Subsidy Extension as EV Exports Take Hit
China’s biggest industry group for automobile makers urged the government to extend concessions for trading in older vehicles, as part of measures to spur domestic car sales amid a drop in electric vehicle exports.
Hong Kong’s IPO market to end 3-year slump amid China support, rising confidence
The city has recorded US$10.7 billion of proceeds from 64 IPOs this year through November; more deals in December.
Nissan moves CFO Stephen Ma to head China in management reshuffle
Nissan Motor’s board has decided to reassign Chief Financial Officer Stephen Ma to head its China business, the Nikkei newspaper reported, a high-profile shake-up for the crisis-hit Japanese automaker as it cuts thousands of jobs.
Chinese beverage brands spark craze in Indonesia
Chinese on-premise beverage and ice-cream company Mixue Bingcheng opened its first store in Bandung, Indonesia in 2020. To date, the beverage company operates more than 2,600 stores in Indonesia, …
China property: lived-in home sales rise but prices fall in Shenzhen, Beijing, Shanghai
Too early to conclude China’s real estate sector has bottomed out, Nomura’s chief China economist Lu Ting says.
Fire breaks out in southern China residential building, state media reports
A fire broke out in a residential high-rise building in the southern Chinese city of Shenzhen on Wednesday, state broadcaster CCTV reported.
China’s exports saved its economy this year, but the growth spurt is already slowing before Trump takes office
China exports have been strong this year but face challenges from potential Trump tariffs and slowing global demand.
How a Feminist Comedy Came to Rule China’s Box Office
Her Story” touches on sensitive topics in China, like censorship and gender inequality. But its humorous, nonconfrontational approach may have helped it pass censors.
