China says the balloon was for monitoring weather … Future of Moneycategory NBA Hall-of-Famer Pierce to pay $1.4 million over crypto promotion, SEC says, article with image February 17, 2023 United …
BUSINESS
Reaching 3.11 mln exports, China’s cars gain growing popularity with innovations
Last year, China’s auto exports reached 3.11 million units, up 54.4 percent year-on-year, according to the China Association of Automobile Manufacturers (CAAM). NEVs comprised an important pillar of …
China rolls out registration-based IPO system across the board in milestone reform
Of milestone significance in the reform of China’s capital market, the move has basically put in place the institutional arrangements for the registration-based system, the China Securities Regulatory …
Clothing exports from Bangladesh rise as China’s share in ready-made garment market declines
Mounting tensions between Washington and Beijing have driven many brands to seek out non-Chinese suppliers in sectors ranging from clothing and textiles to consumer electronics and smartphones.
China unblocks path to overseas IPOs with new rules starting March 31 to help companies raise global capital
The CSRC will implement a new regulation from March 31 for mainland companies seeking to list overseas, paving the way for more mainland firms to enter Hong Kong and US markets.
Chinese logistics provider Shengfeng cuts proposed IPO by 46% to $14M
Shengfeng Development , a provider of logistics services in China, has downsized its proposed US initial public offering by 46% to $14M. The company said in a filing that it is no …
Clothing companies look to reduce China manufacturing exposure
Brands have begun to shift away from mass textile production in the country as they seek to reduce supply chain risks …
Blockchain in Fintech Market Size 2023 With Factor Outlook, Deployment Viewpoint, Society Size Outlook
Blockchain in Fintech Market 2023 with 128 Pages Report and enhance with extents shares into sub-counties are covered …
China’s PV industry reports robust expansion in 2022
China’s photovoltaic sector posted robust growth in 2022 with the total output value of the industry exceeding 1.4 trillion yuan ($203.9 billion), official data showed. The output of the major links …
iPhone leading the charge for China smartphone market recovery
“However, on a full year basis, local brand shipments in China declined 25% compared to a ~9% decline for Apple,” it continues. UBS has not changed its prediction of how well the iPhone will sell…
Historic fall in oil, gas imports ups confidence
[Photo by Li Xiaowen/for China Daily] China’s dependence on crude oil and gas imports dropped for the first time in history last year amid increasing efforts by domestic energy companies in local oil …
Chinese logistics firm Shengfeng cuts proposed IPO by 46% to $14M (update)
Shengfeng Development , a provider of logistics services in China, has downsized its proposed US initial public offering by 46% to $14M. The company said in a filing that it is no …
ASML’s Big Bet on China Is Starting to Backfire Over Data Thefts
In the 10 years that Peter Wennink has run ASML Holding NV, China has gone from a rounding error to the chip-technology company’s third-biggest market. After new revelations about data theft linked to …