China’s manufacturing activity shrank for a second straight month in November and at a quicker pace, suggesting more stimulus will be needed to shore up economic growth and restore confidence that the …
BUSINESS
China EV brand Zeekr puts US IPO on hold – sources
Zeekr, Chinese automaker Geely’s premium electric vehicle (EV) brand, has put its U.S. initial public offering (IPO) on hold due to a mismatch in valuation expectations, according to two sources with direct knowledge of the…
China’s top insurers to launch US$7 billion fund to invest in onshore shares in sign of rising state support
New China Life Insurance and China Life Insurance will each invest US$3.5 billion in the equity fund that will be managed by Honghu Private Securities Investment Fund The plan is aimed at increasing …
Beijing bourse on cusp of IPO spurt
On Wednesday, the BSE 50, an index tracking the Beijing bourse, plunged by 7.32 percent to close at 977.93 points. Even with the retreat, the index is up by 38 percent since late October. It…
Focus: Walmart shifts to India, cuts China imports
Walmart is importing more goods to the United States from India and reducing its reliance upon China as it looks to cut costs and diversify its supply chain, data seen by Reuters shows.
Shein Faces a Tough Market and Tougher Questions on the Road to IPO
A public offering from fast-fashion giant Shein could shake up both the retail industry and the IPO market. Continue reading this article with a Barron’s subscription.
China is experiencing an exodus of foreign investment and talent. Xi Jinping is getting worried.
Demand for Chinese goods is weak. Foreign companies continue to shift parts of their supply chains elsewhere. Even student exchanges and tourist visits …
China-Turkey business deals on rise as ‘strategic partnership’ evolves out of geopolitical strife with West
Turkish ambassador says his country can help China’s trade with the world, including the European Union, with which Turkey has a free-trade agreement while China does not.
China’s New-Style Tea Brands Chagee, ChaPanda Set Up Packaging JV
China’s new-style tea market grew 3.5 percent to CNY103.8 billion (USD14.6 billion) last year from 2021, according to a report by consultants AskCI Research. It will likely swell to CNY149.8 billion …
Walmart shifts to India, cuts China imports
Walmart is importing more goods to the United States from India and reducing its reliance upon China as it looks to cut costs and diversify its supply chain, data seen by Reuters shows.The world’s …
China Is ‘Throwing Gas On Raging Crypto Bull Market,’ Former BitMEX CEO Says
Former BitMEX CEO Arthur Hayes says China seems to be prepping up to infuse the economy with overflowing credit thereby pushing Bitcoin (CRYPTO: BTC) and thus …
Shein IPO raises fresh questions on alleged forced labor in supply chain
As China-founded e-commerce behemoth Shein moves to list in New York, U.S. lawmakers are again calling on it to prove that forced labor is not used to make its $5 t-shirts and $10 sweaters. Shein…
Walmart shifts to India from China for cheaper imports
Walmart is importing more goods to the United States from India and reducing its reliance upon China as it looks to cut costs and diversify its supply chain, data seen by Reuters shows.