A survey of factory managers in China shows manufacturing contracted in December in the latest sign the world’s second-largest economy remains sluggish.
BUSINESS
US Overtakes China as South Korea’s Top Export Market
South Korean exports to the US exceeded shipments to China for the first time in two decades last month, in a sign of shifting ties amid global tensions over economic security and tech supply …
U.S. overtakes China as top destination for Korea’s exports in Dec.
Korea’s exports to the US surpassed those to China in 2023. Total exports fell 7.4 percent due to chip performance and global economic uncertainties, while solid automobile exports and semiconductor …
China Looks to Ramp up ‘Cross-border’ Digital Yuan Spending
Last week, the Bank of China’s Dongguan Branch unveiled the country’s first automated digital yuan wallet-opening machine for overseas passport holders. The PBoC also seems to be readying a move that …
U.S. IPO market started to recover in 2023, but global market fell further
U.S. initial public offerings in 2023 recovered moderately from 2022, but remained muted as the market was constrained by rate hikes, bank failures, and geopolitical turmoil. Some 107 IPOs launched …
Countries around the world are passing crypto laws — but the U.S. is the top cop out there
In a year that saw crypto giant Binance hit with a $4 billion settlement and high-profile SEC lawsuits, regulators overseas have been busy pursuing new laws.
Best of 2023: Chinese investors scrambling to sell overseas properties tops most-read China economy stories
A report on Chinese investors unloading their overseas properties amid shaky economic conditions garnered the most views China’s dwindling exports, durian, shipping and canals, the US-China tech war …
Move Over Japan, China Poised To Be World’s Top Car Exporter
China is close to overtaking Japan for selling cars outside its borders thanks to strong sales in Russia and Mexico …
Trends From China’s Domestic Fragrance Disruptors For 2024
Young and agile, China’s domestic perfumers are better placed to tap the current cultural moment in a fragrance market on track to reach $3.1 billion by 2025.
China’s Li Auto expects to launch first fully electric EV in March
China’s Li Auto Inc said on Sunday it expects to launch and begin deliveries of its first fully electric car in March. Li Auto has already started taking pre-orders in China for its MEGA multi-purpose…
From China to OPEC+, here are the biggest wildcards that could jolt oil markets in 2024
Heading into 2024, the biggest wildcards include demand from China and cohesion within OPEC+. US oil production isn’t expected to soar next year like it did in 2023.
A changing China: Looking ahead to commodities in 2024
Coming into 2023, commodities were set for what looked like a bumper 12 months. After two years of volatility, traders were optimistic China’s recovery would drive demand, and as a result prices, …
Tesla Rival BYD Set To Seize Electric Vehicle Crown; China’s Li Auto, Nio, XPeng On Tap Too
China EV makers Li Auto, Nio and XPeng will report deliveries on Jan. 1. BYD should overtake Tesla in fully electric vehicles as of Q4.