China has set aside 200 billion yuan ($28 billion) for investment projects by local governments this year, as it promised to meet its own ambitious economic growth targets.
BUSINESS
Ares Is Said to Agree on Acquisition of GCP’s Ex-China Business
Ares Management Corp. has agreed to acquire GLP Capital Partners Ltd.’s operations outside of China, people familiar with the matter said, in what could rank as one of the biggest recent combinations in the alternative…
4 reasons why China’s blistering stock rally has another 20% to run, Goldman says
China’s stock rally could extend another 15% to 20%, Goldman Sachs says. The country’s equity indexes have jumped dramatically since Beijing announced major stimulus policies. Goldman highlighted out still-low valuations and diminishing risk as tailwinds…
Europe braces for Chinese retaliation over EV import tariffs
The European Union is bracing for retaliation from China after the bloc voted last week to impose tariffs on the import of Chinese electric vehicles, or EVs, amid speculation that Beijing could seek …
Norfolk customs officers seize over $450k in dental supplies shipped from China
U.S. Customs and Border Protection (CBP) officers in Norfolk recently seized over $450,000 in dental supplies bound for Baltimore.
US election, jobs data to pressure China’s yuan as stimulus shores it up: analysts
A stronger yuan could drag down China’s export growth, and the central bank is expected to guard against excessive appreciation.
Jensen Huang On China Sanctions – ‘We’re Exporting American Technology Which Is Really Terrific For The U.S.,’ Says Government Backs Nvidia
CEO Jensen Huang recently discussed the problems created by U.S. sanctions against China and how they are harming Nvidia’s business. While the tech giant is facing restrictions on exporting its most …
Beijing hints at fresh measures to boost Hong Kong economy a week before policy address
Beijing’s top office overseeing Hong Kong drops hint in commentary published over weekend as it urges city to play to its strengths Beijing will roll out more measures to boost the economic …
After raising $50m for US IPO in 2021, Chinese streaming service 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 …
Dalian Wanda Digs Its Way Out Of Rubble Of Failed Property Management IPO
Dalian Wanda is negotiating with a series of investors who are owed repayments after its commercial property management unit failed to list by an agreed deadline One of the investors, Country Garden …
Administration Action Could Unravel the De Minimis Exception for Goods From China
According to the Administration’s announcement, Section 301 tariffs apply to 40% of US imports, including 70% of textile and apparel goods from China. The Administration’s proposed rule would …
EU navigates China trade dilemma: Defending against imports, courting investment
The EU is walking a delicate tightrope, with some member states keen to protect their markets, while others want to safeguard Chinese investment and to attract more. View on euronews …
Chery weighs Hong Kong IPO for $7 billion auto arm
After years of slumping volumes, Hong Kong’s IPO market appears to be on the cusp of a tentative recovery, aided by Beijing’s stimulus pledges last month that sent Chinese shares soaring. IPOs in the …
