China is claiming that they now have the world’s fastest internet. Their new network transmits 1.2 terabits per second. That’s over 1200 gigabits, per second. At this speed, the network will be able …
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China self driving firm iMotion aims to launch $100 mln Hong Kong IPO this month – sources
Chinese self-driving firm iMotion Automotive Technology is aiming to raise $100 million in its Hong Kong initial public offering (IPO) due to launch in the last week of November, according to two …
Some fund managers see merit in China’s deeply discounted stocks
Morgan Stanley estimates long-only foreign investors now have their deepest underweight positions in China and Hong Kong equities in years. These funds have offloaded nearly $10 billion worth of …
Biden says China has ‘real problems’ ahead of key US summit with Xi
US President Joe Biden said Tuesday that China has “real problems,” speaking at a fundraiser in San Francisco on the eve of an eagerly awaited meeting in the US city between himself and his Chinese…
China, South Korea to establish mechanism on practical economic cooperation
China and South Korea will establish a mechanism on practical economic cooperation, Chinese state media reported on Wednesday, following a meeting of economic planning officials from both countries.
China’s unfinished property projects are 20 times the size of Country Garden
The size of unfinished, pre-sold homes in China is about 20 times the size of developer Country Garden as of the end of 2022, Nomura analysts said.
China Mulls $137 Billion of New Funds to Aid Troubled Housing Market
Bloomberg has learned that China plans to provide at least 1 trillion yuan ($137 billion) of low-cost financing to the nation’s housing program. This would mark a major step-up in Beijing’s effort to boost economic…
China retail sales, factory output grow more than expected in October
Chinese shoppers are spending more again, new data from China’s National Bureau of Statistics (NBS) shows, but it won’t necessarily mean a big boost for the economy.
China unveils $137 bln plan to revitalise property market amid economic challenges
Market concerns have surged regarding the financial health of China’s prominent developers, particularly after a series of record defaults within the industry. The injection of funds aims not only to …
China’s property boost has to sway wary banks
Xi Jinping is stuck between debt-ridden developers and risk-shy bankers. The Chinese president’s latest attempt to boost housing through cheap loans is an enlarged version of a 2022 scheme. That …
China lithium concentrate imports soared in September, but may drop in October
In September, spodumene concentrate import volume reached 499,695 mt, up 119% MoM. Of this, 170,000 mt went to a major lithium salt factory in Sichuan Province, significantly increasing overall …
China’s Oct oil refinery runs slow from last month as margins narrow
China’s oil refinery throughput in October eased from last month’s highs amid weakening industrial fuel demand and narrowing refining margins.
China Self Driving Firm IMotion Aims to Launch $100 Million Hong Kong IPO This Month – Sources
SYDNEY (Reuters) – Chinese self-driving firm iMotion Automotive Technology is aiming to raise $100 million in its Hong Kong initial public offering (IPO) due to launch in the last week of November, …