South Korea’s Hyundai Motor Co said on Thursday first-quarter net profit slumped 44% to its lowest level for the quarter in a decade, as the coronavirus hit demand in China and due to … (…
FINANCE
Hyundai sees limited China recovery and dismal virus-hit sales elsewhere this year
South Korea’s Hyundai Motor Co 005380.KS said on Thursday it expects only a modest recovery in Chinese auto demand and weak sales elsewh … ( read original story …)
China stocks inch down as economic uncertainty lingers
Mainland Chinese stocks inched down on Thursday as the economic uncertainty sparked by the coronavirus outbreak kept share prices under pressure, making investors reluctant to chase the previous … ( read original story …)
China President Xi says to boost investments, employment
China will step up investment in various sectors including 5G, artificial intelligence, transport and energy and boost employment, President Xi Jinping said on Thursday, as the world’s second-largest … ( read original story …)
China to cut new energy vehicle subsidies by 10% this year
China will cut its subsidies on new energy vehicles (NEV) by 10% this year, and will expand government purchases of NEVs, the finance ministry said on Thursday. ( read original story …)
China Resources Cement Holdings (HKG:1313) Seems To Use Debt Rather Sparingly
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, ‘The possibility … ( read original story …)
China, U.S. should strive to reduce uncertain factors in trade relations – commerce ministry
China and the United States should use the Phase 1 trade deal as an opportunity to strive to reduce uncertain factors in bilateral trade relations and avoid adopting new trade and investment … ( read…
Here’s What We Think About China YuHua Education Corporation Limited’s (HKG:6169) CEO Pay
The CEO of China YuHua Education Corporation Limited (HKG:6169) is Hua Li. This analysis aims first to contrast … ( read original story …)
China bank BoCom halts open positions for crude oil trading products
China’s Bank of Communications (BoCom) said on Thursday it has suspended open positions for crude oil trading products starting on Thursday. The decision was made due to “current pricing and liquidity … ( read original…
Bank of China sold oil’s May contract into a historic implosion in crude — and retail investors may have gotten crushed
As the dust settles from a record-breaking crude selloff, it’s turning out that retail investors in China may have been on the hook. ( read original story …)
Bad Debt at China’s Banks Climbed in First Quarter. The Numbers Are Expected to Increase.
Several measurements of debt worsened in China in the first quarter, according to new data, continuing a raft of bad financial news from the world’s second-largest economy. Bad loans, defaults, and … ( read original…
Goldman Sachs says Western powers can learn 5 key economic lessons from China’s handling of coronavirus
Using China’s experience as a case study, Goldman Sachs analysts outlined lessons for a glimpse into economic after-effects once measures are lifted. ( read original story …)
American quandary: how to secure weapons-grade minerals without China
The United States wants to curb its reliance on China for specialized minerals used to make weapons and high-tech equipment, but it faces a Catch-22. It only has one rare earths mine – and government…
