China earlier this month loaded up on U.S. soft red winter (SRW) wheat after its own crop’s quality was compromised by heavy rains, helping drive U.S. SRW exports to a 10-year high this marketing year…
BUSINESS
China’s Nov aluminium imports rise amid robust demand, concerns over supply
Supply headwinds and demand support underpinned Chinese aluminium prices. The most-traded aluminium contract on the Shanghai Futures Exchange SAFcv1 posted a monthly gain of 4.4% in November. The …
Asian fertiliser buyers turn away from key exporter China amid growing curbs
Asian fertiliser buyers are seeking alternatives to Chinese supplies on concerns the world’s top exporter has become an increasingly unreliable supplier after curbs on shipments to protect its domestic market,
Vietnam’s farm produce exports to China record speedy growth
Vietnam’s farm produce exports to China have recorded speedy growth so far this year, Vietnam News Agency (VNA) reported on Monday. The shipments of those products are predicted to keep increasing in the coming time,…
China Should Trim US Treasury Holdings, Former PBOC Adviser Says
China should gradually reduce its holdings of Treasuries and boost imports to balance its foreign trade to control its exposure to US debt risks, a former adviser to its central bank said.
Arm laying off and relocating over 70 engineers in China amid cutbacks in chip industry, including at Qualcomm
The British firm will offer new China-related roles to about 15 staff members as it cuts back amid China’s declining contribution to its global sales.
China’s Commercial Vehicle Sales Soar 44.6 Pct In November
China’s commercial vehicle sales jumped 44.6 percent year on year in November, industry data shows, Azerews reports, citing Xinhu
Chery Auto’s Parent Firm Confirms Chinese Carmaker Plans to Go Public
Beijing-based IDG Capital is in contact with Chery to acquire a stake in Chery Auto, a recent media report claimed. According to other news, Chery Auto will submit an IPO application next year, which …
U.S. export controls on China are ‘very narrowly targeted,’ think tank says
Robert Atkinson, president of the Information Technology and Innovation Foundation, says “they’re targeted at semiconductors, at semiconductor makers and equipment,” adding that “the Chinese economy is so much broader than that.
Chinese brands focus on tech innovation
At the 2023 Boao Forum for Entrepreneurs early this month in Boao, a coastal town in South China’s Hainan province, Chinese entrepreneurs and experts said technological innovation empowers Chinese …
Founder of SenseTime, China’s AI Titan, Succumbs to Unknown Illness Amid US Short Seller Accusations
The billionaire founder of China’s artificial intelligence (AI … The nature of Tang’s illness remains undisclosed, reported Business Insider on Saturday. SenseTime, a partly state-owned company …
China’s property meltdown is battering middle class wealth
Some middle class households are pulling away from investing, or selling assets to free-up liquidity. Read more at straitstimes.com.
Tasmanian food and beverage producers bring home major deals from China
Tasmania’s participation in the China International Import Expo in Shanghai, one of the largest trade expos in the world, has yielded significant results, with several food and beverage companies …
