Just a few years ago, lucrative business prospects in China on the back of a booming economy led to a scramble among Western financial firms, from investment banking to asset management, to expand …
BUSINESS
Chinese brand confirms EV major breakthrough
Chinese carmakers are on the cusp of something big. Nio is the latest car brand in the past few weeks to detail its future battery technology that can deliver a driving range in excess of…
Hong Kong bankers face more job cuts on China slowdown, high pay
The pay for senior bankers in Hong Kong is 40% to 70% higher than what their Singapore peers receive. Read more at straitstimes.com.
People in China are so spooked about the economy that even the weak yuan isn’t stopping them from buying more gold
China’s central bank has been on a buying spree for 17 straight months as it diversifies its holdings away from the US dollar.
China’s strong iron ore imports diverge from weak steel output: Russell
China’s first quarter imports of iron ore and its domestic production of the steel raw material both rose strongly, but output of crude steel fell.
Volkswagen to Face Investors Skeptical of China Turnaround Plan
After being leapfrogged by China’s BYD Co. as the nation’s top carmaker, Volkswagen said it’ll take until 2026 to start winning back market share. That prognosis is casting a shadow over a string of key…
China stifles its own debate
Former Premier Zhu Rongji conceived of the CDF as a forum for debate and exchange between senior Chinese leaders and foreign academics, think-tank experts, and business leaders
‘Reform and opening up are not dead’, but today’s China ‘looks risky’: veteran observer David Lampton
China watcher since the times of Deng Xiaoping says current tightness of political system is likely to continue for the foreseeable future ‘No government in its right mind’ would want China’s collapse,
Weekly news roundup: Foreign suppliers concerned about China’s chip equipment industry scaling through import substitution
Weekly news roundup: Foreign suppliers concerned about China’s chip equipment industry scaling through import substitution Weekly news roundup: JCET has offered advanced packaging services for chips …
Hong Kong stocks soar after China’s market regulator pledges support for city’s IPOs, connect scheme
The China Securities Regulatory Commission will facilitate Hong Kong listings by leading Chinese firms and expand the stock connect cross-border investment scheme The market regulator said ‘it is …
Commerce Secretary Gina Raimondo on U.S. microchip production, blocking of sales to China, Russia
Secretary of Commerce Gina Raimondo is focused on U.S. advanced microchip production — and keeping the chips out of China and Russia.
China’s scenarios for invading Taiwan could be altered following Iran’s failed attack on Israel, report says
Iran launched more than 300 drones and missiles at Israel last week, but Israel and its allies were able to shoot down most of the munitions.
The latest on U.S. and China’s attempts to fix relations
U.S. Secretary of State Antony Blinken has a message for China: “Stop sending weapons tech to Russia, or we’ll make you suffer.” …
