Empyrean Technology is handing control of its board to its largest shareholder, a state-owned enterprise, after Washington blacklisted the software maker.
Monthly Archives For December 2024
Volkswagen CEO Blume Touts Cost Cuts, New Strategy for China
Volkswagen AG Chief Executive Officer Oliver Blume vowed to continue cutting costs as the German automaker charts a new course for China, where it is struggling with poor demand and waning relevance.
China make-up mogul becomes billionaire on hot Hong Kong IPO
His namesake firm, Mao Geping Cosmetics, could raise up to HK$2.1 billion (S$362 million) in the listing. Read more at straitstimes.com.
Beijing Shifts Stance on Economy, but Words Alone Won’t Be Enough
To deliver a real recovery in 2025, Beijing may have to clear the property market, fix its fiscal system, repair the social welfare system and ease geopolitical tensions,” they said. Needless to say, …
European stocks look through China stimulus hopes, Aussie falls after RBA
European shares drifted on Tuesday, failing to build on the previous day’s gains driven by China stimulus hopes, which only generated limited traction in Asia, while the Australian dollar slid as the …
China’s big monetary policy shift spurred a stock surge. But ‘a lot of volatility’ still looms.
Chinese stocks rallied on Monday after Beijing pledged a “moderately loose” monetary policy stance for the first time in over a decade.
China’s CATL, Stellantis to jointly build electric vehicle battery factory
Chinese electric battery giant CATL and automaker Stellantis say they will build a major battery factory in northern Spain
Nvidia slapped with a Chinese antitrust probe as Beijing collects ‘bargaining chips’ ahead of Trump’s return
An analyst from the consultancy firm Trivium China thinks Beijing is preparing for some tough negotiations ahead.
Three Major US Industries Hit by China’s Mineral Export Controls
China’s export bans were retaliation for U.S. restrictions on dual-use technologies and could affect the United States’ GDP to the tune of $3.4 billion.
Is it a military drill? China deploys ships and planes around Taiwan but remains mum
China’s secretive military appears to be up to something around Taiwan, but it’s unclear whether it’s a formal military drill …
Taiwan Says China Has Deployed Largest Fleet of Ships in Decades
Taiwan is on high alert in response to China’s unannounced deployment of naval and Coast Guard ships, as tensions rise over U.S. support for the island.
Trump is threatening to raise tariffs again. Here’s how China plans to fight back
In the final year of Trump’s term, the two nations agreed to a truce, signing a trade deal that scrapped some tariffs and reduced others. China also agreed to purchase an additional $200 billion in…
VIEW China’s November export growth slows ahead of Trump tariffs
China’s exports grew at a slower pace in November than the previous month, while imports shrank, signalling concerns for the world’s No. 2 economy as U.S. President-elect Donald Trump’s imminent return to the White House…
