Jerome Powell Reveals Hidden Reason for Persistent High Inflation: Increasingly Uninsurable Economy …
BUSINESS
China Condemns U.S. Proposal to Force the Sale of TikTok
The foreign ministry accused Washington of “resorting to hegemonic moves” ahead of House vote on a bill aimed at ByteDance, TikTok’s Chinese parent company.
Geely-Backed Meizu Taps Banks for IPO at $2 Billion Value
DreamSmart Group, the smartphone maker that last year pivoted toward developing artificial intelligence for mobile devices, has selected banks to prepare for its Hong Kong initial public offering that …
China’s top copper smelters agree to production cut amid raw material tightness, sources say
Chinese top copper smelters agreed in a meeting on Wednesday to cut production at some loss-making plants to cope with a shortage of raw material, two sources close to the matter said.
Is China falling out of love with Apple and Tesla?
China is Apple and Tesla’s largest market outside the US. But the American giants have reasons to worry, as the Communist nation shifts to local brands. Chinese consumers are ditching the iPhone for h …
As trade with China booms, some Russian companies are flourishing
Business at Nikita Minenkov’s logistics company, based near the Amur River that marks the border between Russia and China, was going well. Since Moscow’s invasion of Ukraine it’s gone even better – …
China to Increase Ratio of IPO On-Site Inspections, Insiders Say
According to various reports, the proportion of IPO on-site inspections will increase to 20 percent or 30 percent from 5 percent.
China’s property crisis could get even uglier. This time, a state-backed developer is the one raising concerns.
China’s years-long real-estate debt crisis has already taken down property giant Evergrande, which is currently undergoing liquidation.
US and China, though still entwined, are likely to cut their ties further in 2024, analysts say
China was dethroned as the top source of US imports in 2023, for the first time in 17 years, after being outpaced by Mexico, according to US Census Bureau data. “The share of US imports…
Geely-backed smartphone maker DreamSmart taps CICC, Huatai for potential Hong Kong IPO, sources say
DreamSmart, the start-up behind smartphone brand Meizu, may seek a valuation of more than US$2 billion for a potential Hong Kong share sale this year, sources say.
Geely-Backed Phonemaker Taps Banks for IPO at $2 Billion Value
DreamSmart Group, the smartphone maker that last year pivoted toward developing artificial intelligence for mobile devices, has selected banks to prepare for its Hong Kong initial public offering that …
China’s aromatics building boom rattles the petrochemical industry
The country’s massive oil-to-chemical complexes have led to oversupply in polyester, nylon, and other aromatic-derived chemicals …
China’s Global South Exports Surge In 1St 2 Months
Brazil (+37.1%), and South Africa (14.8%), as well as Vietnam (+28.4%) and Indonesia (+22.2%). China’s exports to the Global South surpassed exports to all developed markets during late 2022 and 2023, …
