AIA Group Ltd. posted a jump in the value of new business as the exit of Hong Kong and China from pandemic restrictions helped support the insurer’s key gauge of profitability.
BUSINESS
Nike falls for record 10th straight day as Foot Locker woes, China slowdown hit stock
Shares of Nike fell Wednesday for the 10th straight day, as it recorded its longest losing streak since it went public in 1980.
China EV maker Zeekr to start investor tour ahead of $1 bln US IPO -sources
Zeekr, Chinese automaker Geely’s premium electric vehicle (EV) brand, will meet global investors from August-end to test appetite for a $1 billion U.S initial public offering (IPO), said people with …
China’s higher ore imports and steel output not enough to lift falling capesize bulker market
China has imported more iron ore and made more steel so far this year, but it has not been enough to boost a capesize bulker market that has been on the decline, an analyst said.
China And U.S. Lock Horns Over New 122.5% Steel Tariff
The U.S. Department of Commerce levies a 122.5% tariff on Chinese tin plate steel imports, inciting criticism from China. While Germany and Canada face lower tariffs, five other countries, including …
China’s Xi Makes It ‘Next To Impossible’ To Do Business, Hedge Funder Protests
Market Transformation: Once a beacon for foreign capital, China’s pendulum swings towards a party-centric approach, deviating from its historical market-driven narrative, Bass said. “China’s moving …
Nike heads toward record 10th straight losing day as Foot Locker woes, China slowdown hit stock
Shares of Nike fell for the tenth straight day on Wednesday, putting it on track for its longest losing streak since it went public in 1980.
China’s E.V. Graveyards Are an Indictment of Government Policy
A Bloomberg report blames “unconstrained capitalism” for a glut of abandoned electric vehicles. But the industry also received billions of dollars in public funds.
China’s property crisis is a US$261 billion credit pain for lenders, trust firms and insurers, Goldman says
China’s lenders, trust firms, insurers and other investors could face US$261 billion of credit losses as the nation’s property developers fall behind debt repayments, according to analysts at Goldman …
Attacking foreign corruption blunts China’s malign economic influence
If we don’t adequately disincentivize foreign bribe demands, we open the door for foreign officials to act with impunity and undermine democratic institutions in countries that are already under …
Warnings Emerge That Biden Could Get Scorched by Green Dependency on Red China
America is 95 percent net import-reliant on such materials, which China produces 70 percent of globally. According to the International Energy Agency, the PRC dominates “across the [rare earth] value …
Iran-China trade exchanges hit $8.5 bn in 7 months
Iran and China’s trade exchanges in the first seven months of the year amounted to $8.54 billion, according to China Customs.
US Department of Commerce Determines that Imports from Southeast Asia are Circumventing ADD/CVD Orders on Solar Cells and Modules from China
from China (“Orders”). 1 Duties will not be collected on imports before June 2024, because of a temporary duty suspension ordered by President Biden. This alert discusses the determinations and the …