China’s domestic automakers have a loyalty problem. While the country’s monthly auto sales have recovered to pre-pandemic levels and recorded double-digit year-on-year growth in October, Chinese … ( read original story …)
BUSINESS
China’s Xi decided to halt Ant’s IPO – WSJ
The Wall Street Journal reports that China’s President Xi Jinping personally intervened to stop Ant Group’s initial public offering. The Journal’s Thursday story cites Chinese officials with knowledge … ( read original story …)
Analysis: Grain grab – China’s global hunt for feed grains roils world market
Chinese feed producers, pig farmers and traders are reshaping the global grain market as they scour the world for supplies amid a domestic shortfall that sent local corn prices to record highs and is ……
Why China’s Top Smartphone Maker Huawei Would Sell Its Budget Honor Brand
Huawei hopes a sale would protect Honor from U.S. restrictions in the short term, while giving the company a welcome burst of cash, experts say. ( read original story …)
Business blueprint for healing ‘bungled’ China relationship
Alarmed by trade sanctions and China turning its back on a multibillion-dollar investment opportunity in LNG, Australian business leaders want the Morrison government to find a way to stop the … ( read original story…
Business leader blueprint for winning back China
Alarmed by trade sanctions and China turning its back on a multi-billion dollar investment opportunity in LNG, Australian business leaders want the Morrison government to find a way out to stop the … ( read…
Trump bans investments in firms controlled by China’s military
President Trump signed an order prohibiting US investments in Chinese firms determined to be owned or controlled by the country’s military, the latest bid by the White House to pressure Beijing over … ( read…
China Oil Giant Eyes Brand New Supertankers to Shrink Fuel Glut
China’s biggest refiner is eyeing a creative strategy to help rid Asia of a persistent diesel glut — brand new supertankers usually reserved for crude oil. ( read original story …)
Chinese President Xi personally halted $37bn Ant IPO: Report
Ant’s IPO was halted after its co-founder made a speech at odds with the Chinese government’s handling of the economy. ( read original story …)
Jim Cramer Shares Biden Stock Picks With New China Relations
Joe Biden’s administration views China differently, and Jim Cramer tells the November meeting of the Action Alerts PLUS investing club what that means for investors. ( read original story …)
China prepares to impose new limits on its tech giants.
China’s potential new rules take aim at online platforms, proposing limits on exclusivity requirements, selling products below cost and different treatment of partners based on algorithms. They follow … ( read original story …)
Tencent Pledges Cooperation as China Scrutinizes Competition on Internet Platforms
Tencent, the world’s biggest videogame company by revenue, said its profit in the September quarter soared 89% to 38.54 billion yuan, equivalent to $5.81 billion, from the same period last year. ( read original story…
China’s military advances have pushed Japan to develop its own stealth fighter, analysts say
Beijing’s aggressive behavior is seen as the “primary catalyst” for Tokyo’s move, according to one analyst. ( read original story …)
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