Strategists, economists, and fund managers project new fiscal stimulus over the next six months if China’s Finance Minister Lan Fo’an fails to address the expected $283B stimulus in the anticipated …
BUSINESS
Indonesia asks Apple, Google to block China’s Temu to protect small merchants
Indonesia has asked Alphabet’s Google and Apple to block Chinese fast fashion e-commerce firm Temu in their application stores in the country so it cannot be downloaded, a minister said on Friday.
Turkey imposes anti-dumping duties on steel imports from China, Russia, India, Japan
Turkey has imposed anti-dumping duties on some steel imports from China, Russia, India and Japan, according to a decision published in the Official Gazette on Friday, with the highest tariffs on …
Porsche’s China Sales Plunge as Electric Taycan Falls Flat
Porsche AG’s sales plummeted in China during the third quarter as a decline in luxury spending and a shift to local electric brands in Asia’s biggest economy weighed on Europe’s high-end carmakers.
Taiwanese Employees of Apple Supplier Detained in China
Taiwan’s government said that they had been accused of a breach of trust, but that their employer, Foxconn, had denied the company suffered any losses.
Trump-Themed PoliFi Tokens Buck Bitcoin Downtrend as China Stimulus Hopes Return
Trump’s odds of winning the U.S. presidential election have surged to a more than two-month high. Plus, the market is stagnant despite hopes of another round of stimulus in China.
China may unveil $283 billion in new stimulus this weekend
Beyond the amount of any fiscal package, the target of support will indicate where the government looks to steer its economy after years of debt-fueled expansion through investment, particularly in real estate and infrastructure.
China investors expect $369 billion of new stimulus this weekend
BEIJING – China may deploy as much as 2 trillion yuan (S$369 billion) in fresh fiscal stimulus as Beijing seeks to shore up the world’s No. 2 economy and boost confidence, investors and analysts said.
China’s exports likely slowed further in September as global demand cools
China’s exports are likely to have risen at the slowest pace in five months in September, suggesting manufacturers are no longer rushing out orders ahead of tariffs from several trade partners and …
After raising $50m for its US IPO in 2021, Kuke gets sued by classical music group Naxos for alleged $1.8m in missed payments
Indie classical music label group Naxos has sued Kuke, a classical music streaming service from China, alleging that Kuke has failed to make more than $1.8 million in payments over the past three …
China to lift 4-year ban on Australian lobster imports, Australia’s prime minister says
Prime Minister Anthony Albanese makes announcement after meeting Premier Li Qiang on the sidelines of summit in Laos …
WSJ: Sheinbaum administration wants US help to reduce Mexico’s imports from China
The Wall Street Journal reports Sheinbaum administration officials are talking to U.S. companies about reducing Mexico’s imports from China.
Increasing Losses Prompt Zephyrm Bioscience To Seek Funds Through IPO
Zephyrm Bioscience’s losses have increased by more than two times year-on-year to 237 million yuan in the first half of 2024 The company has only four products, with only one product in Phase II …
