A persistent slump in sentiment has taken the wind out of Kweichow Moutai’s share price and the price of its preemium spirit known as baijiu.
BUSINESS
Asian markets climb on hopes of China fiscal response to Trump tariffs
Asian markets climbed on Monday on hopes that China will announce a huge stimulus package that will help offset US President Donald Trump’s looming tariffs against Chinese goods. However, bitcoin …
China’s factory activity picks on strong supply, demand; PMI rises to 50.8
Factory production accelerated in February from the previous month, while total new orders increased at the quickest pace in three months …
China’s largest bubble tea chain Mixue soars 40% on Hong Kong trading debut
Shares of China’s largest bubble tea chain Mixue jumped more than 40% on its market debut on Monday after a heavily oversubscribed initial public offering.
China bubble tea chain Mixue pops 30% in Hong Kong listing
HONG KONG — China’s top bubble tea chain Mixue, which counts more shops than the global networks of Starbucks and McDonalds, jumped 29.4% after its listing on the Hong Kong Exchange Monday morning.
China’s Manufacturing Activity Accelerated in February
A private gauge showed China’s manufacturing activity expanding at the fastest pace in three months, signaling a trend of improvement consistent with the official index.
China tea drinks Mixue shares rise nearly 30% in Hong Kong trading debut
By Scott Murdoch and Sophie Yu SYDNEY (Reuters) -Shares of China’s largest bubble tea and drinks chain Mixue Group jumped nearly 30% on their first day of trading on the Hong Kong Stock Exchange on…
China factory activity picks up but trade uncertainties weigh
Trump on Feb 27 said he would slap an extra 10 per cent duty on Chinese goods on March 4. Read more at straitstimes.com.
Bubble-tea giant Mixue to debut after Hong Kong’s biggest IPO of year
MIXUE Group, China’s largest bubble-tea chain, will begin trading in Hong Kong on Monday (Mar 3) after individual investors flocked to the company’s blockbuster HK$3.45 billion (S$444 million) initial …
China’s factory activity picks up but trade uncertainties weigh
China’s factory activity grew at a faster pace in February, driven by stronger supply and demand, including a rebound in export orders, a private-sector survey showed on Monday, partly due to seasonal …
Ebbing demand for China’s favourite firewater adds to debt concerns
A premium liquor made in this region of China fuels its economic engine. Long a fixture at weddings, business dinners and state functions, its sales are falling, illustrating a wider malaise that …
China warms to private business – but for how long?
China may be on the upswing of state support for the private sector. Here’s why. Read more at straitstimes.com.
Tariffs trigger for sharp decline in crypto assets
On Friday, mainstream crypto assets experienced a significant drop, with the value of Bitcoin plummeting by 6.69 percent and the popular digital currency Dogecoin also seeing a substantial decline of …
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