China’s manufacturing activity likely contracted for a second month in June, a Reuters poll showed on Thursday, keeping alive calls for fresh stimulus after a string of recent indicators showed the …
BUSINESS
Global IPO divergence widens as Americas and EMEIA surge and Asia-Pacific slows
Globally, in the first half (H1) of 2024 there were 551 listings raising US$52.2b in capital, a 12% decrease in the number of IPOs and a 16% drop in proceeds raised year-on-year (YOY). This result…
China has cut off some Vietnamese durian imports. Is a ‘gold rush’ tarnishing quality?
After the suspension of durian imports from 33 sources in Vietnam, questions abound over whether the market’s explosive growth has led to a dip in quality – and whether competitors can take advantage.
Volvo EV Deliveries to the US Delayed by Higher Tariffs on China
Volvo Cars will postpone US shipments of its best-selling electric car model as it shifts production from China in the wake of tariff hikes … US introduced a duty of more than 100% on Chinese…
China’s third plenum to target ‘most urgent’ economic reforms: People’s Daily
Top priorities include building a ‘high-level socialist market economy’, Communist Party says in front-page commentary.
This year’s IPO market got off to a roaring start. Now some fear it’s out of gas
Momenta, the Chinese self-driving company that is backed by GM, has also filed confidentially to go public in the U.S. Last week, China’s securities regulator approved the IPO in the U.S., Reuters …
Two Adidas employees out in China corruption probe
Two employees have left Adidas as a result of an ongoing investigation launched by the German sportswear brand into allegations of corruption in China.
China’s high-carbon ferrochrome imports reached 311,800 mt in May, with a significant portion not under general trade [SMM Analysis]
According to Chinese customs statistics, China’s high-carbon ferrochrome imports amounted to 311,800 mt in May, down 82,800 mt MoM (-20.99% MoM) but up 91,600 mt YoY (+41.62% YoY). In January-May, the …
Economists Raise China Growth Forecasts as Exports Improve
The outlook for China’s exports is set to improve, buttressing growth in the world’s second-biggest economy even as consumer spending slows, according to a Bloomberg survey of economists.Most Read …
Hozon files Hong Kong IPO to raise funds for its global growth, skirt China’s discount war
Xpeng and Li Auto in using the world’s fourth-largest stock market as the launching pad to fund its overseas expansion and escape China’s brutal discount war. Hozon plans to use the money from its …
China has an incentive to keep road to Europe open
HONG KONG, June 26 (Reuters Breakingviews) – China and the European Union have agreed to start talks on the bloc’s plan to impose additional import tariffs on China-made electric vehicles; Beijing …
What Shein needs to avoid a London IPO bust
Beijing has yet to formally greenlight an IPO outside of China, with a Hong Kong listing still also an option. In London, the paperwork might prove the easy part. For a start, Shein needs to…
China allows imports of fresh Malaysian durians, but exporters expect challenges
BEIJING: Malaysia will start exporting fresh durians to China, opening up a vast market for the spiky, smelly fruit in the world’s second-largest economy, although traders are worried about logistical …
