New restrictions announced by the Netherlands affect machines used by many semiconductor plants in China Mainland semiconductor factories could face significant production challenges, as the …
FINANCE
Chinese EV Giant BYD Ramps up Hiring as Beijing Prioritises Employment
BEIJING (Reuters) – BYD has significantly ramped up hiring, increasing its workforce to more than 900,000 people as of Friday, a senior manager said, making the Chinese electric vehicle giant one of …
China Development Bank Aviation Unit Buys 80 Airbus A320neos
China Development Bank Financial Leasing Co. agreed to buy 80 Airbus SE jets in the A320neo lineup to increase the proportion of more fuel-efficient next-generation aircraft in its fleet.
Charting the Global Economy: Deflation Concerns Mount in China
Deflation stalking China since last year is now showing signs of spiraling, threatening to worsen the outlook for the world’s second-largest economy and raising calls for immediate policy action.
China’s economy softened last month, lags demand
China’s economy softened last month, extending a slowdown in industrial activity and real estate prices as Beijing faces pressure to ramp up spending to stimulate demand.
China Development Bank’s aviation unit buys 80 Airbus A320neo jets
China Development Bank Financial Leasing said on Thursday it would buy 80 Airbus A320neo planes with delivery expected to begin in 2030.
China’s investment in Africa is getting a shake-up as the next belt and road phase beckons
As revealed at the recent FOCAC summit, Beijing will shift its African focus towards agriculture, green energy and critical minerals China is revising its belt and road playbook in Africa, as it moves its investment…
China’s startup scene is dead as investors pull out—’Today, we are like lepers’
“The whole industry has just died before our eyes. The entrepreneurial spirit is dead. It is very sad to see.”
Downbeat China factory output, retail sales add to urgency for stronger stimulus
Industrial output for the month expanded 4.5% year on year, slowing from the 5.1% pace in July. Read more at straitstimes.com.
Russian hackers hit Taiwan Stock Exchange and bank in a surprise attack
Russian hacker groups launched DDoS attacks on Taiwanese financial platforms, including the stock exchange and Mega Financial Holding Co.’s website. The attacks, while not causing significant damage, …
PwC China gets 6-month ban and fine over false audits of Evergrande
Chinese authorities have banned the accounting firm PwC for six months and fined it over $56.4 million over its involvement in the audit of collapsed property developer Evergrande.
As Maldives Faces Debt Default, China Inks New Finance Pact. Details Here
China and Maldives have signed a new agreement today that allows Beijing to lend more financial support to the already debt-distressed nation. China’s central bank has said the pact will also help …
China, Maldives Sign Financial Cooperation Agreement
BEIJING (Reuters) – China’s central bank said on Friday it had signed a memorandum of understanding with the Maldives’s ministry of economic development and trade to establish a framework for promoting local currency settlement, currency…
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