Baidu (NASDAQ:BIDU) today launched the Apollo Go Robotaxi service in Beijing, becoming the first company to allow people in China’s capital to use robotaxis. The service encompasses the largest total … ( read original story…
FINANCE
China focuses on modern, efficient logistics system as Beijing plots response to ‘grim and complicated’ outlook
China’s Central Economic and Financial Affairs Commission, chaired by President Xi Jinping, gathered for the third time this year on Wednesday. ( read original story …)
Hong Kong’s financial future tied to Greater Bay Area growth, rising mainland China incomes, panel says
The potential for future growth in the Greater Bay Area (GBA) and rising incomes in mainland China will help Hong Kong maintain its role as an attractive destination for international investors and … ( read…
Hong Kong shares track mainland stocks lower as China start-ups drag
Hong Kong shares retreated in the afternoon session to finish lower on Thursday, tracking broad weakness in the mainland market dragged down by a slump in China’s start-up stocks. ** At the close of ……
Why China’s digital yuan won’t internationalize the renminbi
Years from now, two seminal events will define 2020: the coronavirus pandemic, and the introduction of China’s digital currency. So says Xu Yuan, a professor of finance at Peking University. If a … ( read…
China’s tech and finance groups flock to Singapore
Alibaba-backed Ant Group, China’s second-largest brokerage Haitong Securities, Huawei’s cloud division and Tencent-backed digital bank WeBank are among the companies that have in recent months … ( read original story …)
Soybean Futures Cap Longest Rally in 40 Years on China Demand
(Bloomberg) — Soybean futures capped the longest rally in 40 years after top buyer China stepped up purchases and the outlook for this year’s U.S. crop deteriorated. Futures traded in Chicago … ( read original…
Pullback in China Stocks Has Investors Fearing Deeper Slump
Two months into China’s fastest stock rally in years, and the days of making easy money are ending.Turnover is tumbling, and investors are rotating out of consumer shares that have been among their … (…
India start-ups flounder as tensions with China rise
India has been on an economic offensive since June, when a border clash in the Himalayan region of Ladakah left 20 Indian soldiers dead. The two sides have since accused each other of violating the…
China Factory Prices Fall at Slowest Rate in Five Months as Recovery Continues
China’s factory gate prices fell at their slowest annual pace in five months in August as the world’s second-largest economy and its industries continued to recover from a slump caused by the … ( read…
China bank stocks lose $194bn in perpetual value trap
Never this cheap, rarely so unloved. Weakened by the government’s call to sacrifice profitability, stung by ultra-low interest rates and the threat of souring loans, the country’s Hong Kong-listed … ( read original story …)
The China and Hong Kong data center market by revenue is expected to grow at a CAGR of close to 2% during the period 2019-2025
In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this China and Hong Kong Data Center Market Report Read the full report: The China and Hong Kong data center market by ……
China bank stocks lose $194 billion in perpetual value trap
Chinese lenders have been a losing trade since 2018, when the government began tightening conditions in money markets as part of Xi Jinping’s deleveraging campaign. The pandemic has brought renewed … ( read original story…
