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 …
BUSINESS
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 …
Arm execs to cash in on IPO, but clouds gather over prospects
Chief among these is the company’s US-based CEO, Rene Haas, who is likely to receive cash and shares worth $40 million, while a further $35 million has been granted to two other unnamed executives, it…
China to import glacier-sourced water from Kyrgyzstan to overcome water shortage crisis
In a report released last week, this concern was raised that 25 per cent of the world’s population, or two billion people, face a water scarcity crisis every year. Against the background of this …
Hong Kong Gains, Raimondo Meets With China’s Ambassador To US
Asian equities were mostly higher overnight though Mainland China was lower on lower volumes.
Softbank-backed Arm warns of ‘significant’ China risk, mentioning the country 350 times in its IPO prospectus
The interest in Arm will be keenly watched as a litmus test for investors’ appetite for the geopolitical and market risks associated with China Arm grabbed headlines in China last year after a bitter …
Crypto-mining Chinese official given life in prison for scheme involving bribes and support for a cryptocurrency firm
A local court issued the sentence for the former provincial official accused of accepting bribes and hiding crypto mining that used a tenth of Fuzhou electricity Beijing maintains tight restrictions …
China EV maker Zeekr to start investor tour ahead of $1 billion U.S. IPO
Zeekr, Chinese automaker Geely ’s premium electric vehicle (EV) brand, will meet global investors to test the appetite for a $1 billion U.S. initial public offering (IPO), said people with direct …
The EU Will Import Over 1 Million EVs From China in 2030, Creating both Threat and Opportunity for European OEMs
China’s world-leading Electric Vehicle (EV) industry is pushing into Europe. According to a new report from global technology intelligence firm ABI Research, in 2030, 1.2 million Chinese-made Battery …
China’s Sushi Fans Flounder Over Fukushima Water Release
At his restaurant in central Beijing, controversy over the release of Fukushima wastewater has left Yao facing a choice: continue stocking his popular Japanese tuna and risk the ire of some consumers …