Huobi saw a staggering $64 million worth of outflows over the weekend, which resulted in the exchange’s total value Locked (TVL) nosediving to 2.5 billion from its $3.09 value last month, based on the …
BUSINESS
China Foreign Investment Gauge at 25-Year Low Amid High Tensions
One measure of new foreign investment in China fell to the lowest level in 25 years in the second quarter, fueling concerns about how much geopolitical tensions and the economy’s slowing recovery can hurt business…
China’s exports likely contracted further in July, imports downturn seen slowing
BEIJING: China’s exports likely contracted further in July, as manufacturers in the world’s second-largest economy struggled for buyers in markets grappling with high inflation and rising interest …
Chinese maker of 1,000 km EV battery plans IPO by 2025
Beijing WeLion New Energy Technology, a Chinese maker of long-range electric vehicle batteries, including one capable of going 1,000 kilometers (620 miles) on a charge, plans to go public as soon as …
China can no longer ‘extend and pretend’ on municipal debt
BEIJING – China’s promised “basket of measures” to defuse local government debt risks is likely to include special bond issuance, debt swaps, loan rollovers, and something Beijing really loathes: …
China’s exports likely contracted further in July, imports downturn seen slowing – Reuters poll
BEIJING, Aug 7 (Reuters) – China’s exports likely contracted further in July, as manufacturers in the world’s second-largest economy struggled for buyers in markets grappling with high inflation and …
Hua Hong, China’s second-largest chip maker, in strong debut on Shanghai’s Nasdaq-style Star Market
13 per cent higher than the IPO price of 52 yuan Hua Hong raised 21.2 billion yuan from the sale of 408 million shares on the Nasdaq-style market last month Hua Hong Semiconductor stocks made…
China EV Maker’s Stock Surge Mints Second Li Auto Billionaire
Share price gains by fast-growing Chinese EV maker Li Auto have generated a second billionaire from the eight-year-old business. Stock held by Fan Zheng … Li Auto has emerged as one of China’s most …
EU trade chief to push China on barriers to exports
Brussels will press Beijing to reduce barriers to European exports at a high-level meeting in September after the EU’s trade deficit with China hit almost €400bn last year. EU …
Surprising Australian and Western brands owned by China
Chinese companies have been buying up Western brands for years, whether grabbing big names going through tough times or investing in foreign technology. As the world battles to bounce back from the …
Taiwanese manufacturers learn from China, competing in software for differentiation
China’s electric vehicle (EV) charging market is experiencing remarkable growth, driven by robust policy promotion. In contrast, Taiwan’s charging market is progressing at a slower pace, prompting …
HSBC Executive Slams ‘Weak’ UK for Siding With US Against China
HSBC Holdings Plc’s head of public affairs criticized the US for strong-arming the UK into cutting back business dealings with China and accused the British government of being “weak” for going along …
China Shares May Run Out Of Steam On Monday
The China stock market has moved higher in consecutive trading days, advancing almost 30 points or 0.9 percent along the way. The …