China imports more than 80 per cent of the natural rubber it needs each year, but is out to strengthen its domestic supply chains amid surging demand from its rapidly-growing automotive industry.
BUSINESS
Beijing exchange’s IPO volumes weather China’s stock market storm as investors bet on policy tailwinds
Beijing Stock Exchange saw a 13 per cent drop in IPO volumes versus the near halving at the Shanghai bourse and with Shenzhen market volumes down a third from 2022 The China Securities Regulatory …
China’s BYD to overtake Tesla as leading EV maker
Chinese carmaker BYD is on the verge of outpacing Tesla as the top global seller of fully electric vehicles (EVs). This shift, likely to happen in the current quarter, marks a pivotal moment in the…
Crypto ‘trading platforms’ were part of $2.2B illegal Chinese forex ring: Report
Chinese foreign exchange police have busted an underground banking syndicate offering illicit forex services via cryptocurrencies.
Half of Russia’s 2023 oil and petroleum exports went to China – Russia’s Novak
Half of Russia’s oil and petroleum exports in 2023 will have gone to China while India’s share has risen in two years to 40%, Russia’s state news agencies cited Deputy Prime Minister Alexander Novak …
Michael Kors Taps Chinese Actor and Singer JC-T as Greater China Brand Ambassador
The 33-year-old performer will be featured in upcoming campaigns with additional social media collaborations and appearances.
China’s BYD to overtake Tesla as world’s most popular electric car maker
It’s further confirmation of China’s growing clout in the global automotive industry. Read more at straitstimes.com.
China’s industrial profits post double-digit gains but recovery uneven
China’s November industrial profits posted double-digit gains as overall manufacturing improved, although soft demand continued to constrain business growth expectations, emboldening calls for more …
Jiangsu reports robust expansion in ship exports
East China’s Jiangsu Province, a leading ship exporter of the country, exported various types of ships worth a total of 60.76 billion yuan (about 8.56 billion U.S. dollars) from January to November …
China Sanctions US Firm, Two Researchers Over Xinjiang Work
Chinese companies were also barred from working with Kharon, Xu or Morgret. The moves are largely symbolic because Kharon and the two individuals are unlikely to have much business or property in …
China Insight: Where Is China’s Consumer Market Headed?
What mostly concerns the fashion and beauty sectors in China is consumer psychology and future trends reflected in this year-end promotion season as a turning point this year and next, rather than …
AstraZeneca buys China-based Gracell for $1.2B
Anglo-Swedish pharma giant AstraZeneca will acquire China-based cell therapy biotech Gracell Biotechnologies for $1.2 billion. Why it matters: AstraZeneca, one of the biggest drugmakers in China, …
China is shoring up the great firewall for the AI age
The Communist Party has created a thriving but sanitised digital economy. Can it do the same with artificial intelligence?
