President-elect Donald Trump’s pick of Scott Bessent as Treasury secretary may give Beijing room to negotiate with the US over their trade tensions, in part due to his moderate stance on tariffs.
BUSINESS
Chinese startups suffer as IPO freeze prompts investors to exercise redemption rights
IPO freeze, economic issues lead to rise in redemption requests … “If it hadn’t been for the three-year pandemic, we might really be on the Beijing Stock Exchange by now,” Ma said. A slump in…
Robust growth dispels myths about China’s consumption
In the first half, GDP grew at a rate of 5 percent year-on-year, while retail sales rose 3.7 percent. Despite this, the outlook for Chinese consumption remains mixed, with some warning that the …
Chinese exports will hit record this year before Donald Trump’s second term
Export growth will accelerate to 7 per cent in the final three months from the same period last year, according to the median forecast of analysts surveyed by Bloomberg …
Thailand, the “Detroit of Southeast Asia” is at the forefront of China’s battle for the global auto market
He’s part of a growing number of Thai drivers buying EVs sold by Chinese car companies but made in Thailand, a nation that’s become one of the front lines in the global battle for auto-market…
Analysis-Chinese Startups Suffer as IPO Freeze Prompts Investors to Exercise Redemption Rights
In August last year, Zibo Tianheng New Nanomaterials Technology said failure to conduct an IPO by the end of 2023 could trigger redemption requests from investors Luxin Capital and Zibo Hightech …
China Keeps Policy Loan Rate Unchanged for Second Month
China’s central bank kept a policy loan rate unchanged after last cutting it in September, as the authorities stay patient in ramping up monetary stimulus.
China exports to hit record this year before second Trump term
“In the next few months, Chinese exports might benefit from panic-stockpiling by foreign companies,” said Erica Tay, an economist with Maybank Investment Banking Group. “The spectre of a trade war …
China investors digest another letdown from big tech earnings
FROM Tencent Holdings to Alibaba Group Holding, China’s tech leaders delivered underwhelming numbers for a quarter beset by economic and geopolitical uncertainty. Whether or not they can win back …
Canaan Inc. (CAN): $73.6 Million Revenue and Strategic Expansion in Blockchain Mining
chips and systems for blockchain-related applications. The company also engages in the design, research, and sale of Integrated circuits (IC) and leases mining equipment by integrating IC products for …
CiDi Sets IPO Course With Its Self-Driving Trucks
The company’s revenues surged 472% to 260 million yuan in the first half of this year Income from autonomous driving products rocketed to 60% of overall revenue in the half-year period By Lee Shih Ta
Luckin Coffee: from filing for bankruptcy to outselling Starbucks in China
Luckin Coffee filed for bankruptcy protection in the U.S. in 2021, but it took just a few years to recover and even dethrone Starbucks as China’s leading coffee chain.
Germany in economic doldrums amid Trump tariff war, China competition
Reliance on cheap Russian energy along with brutal competition from China has hit the German economy hard, and President-elect Trump’s threat of tariffs are creating more uncertainty.
