China’s steel exports, measured in tonnes, increased by more than 28% in the first three months of this year, compared with a year earlier. Its exports of new-energy vehicles increased by almost 24%.
FINANCE
America’s Cash for Clunkers Is Back—in China
Some economists believe incentives for people to trade in old machinery could flood the world with more exports.
Why China’s tolerance for a cheaper currency may be temporary
Currency markets are reading subtle signals from Chinese authorities as an indication they are slowly nudging the yuan lower to regain export competitiveness, but analysts say protracted yuan …
China outbound investment rule to be completed by end of year — US official
Commerce Secretary Gina Raimondo said Wednesday she expects rules to implement U.S. outbound investment restrictions on China will be completed by the end of the year.
Absa opens Beijing office
Absa Group has announced the opening of a new non-banking subsidiary in Beijing. The official launch of its new office “fortifies the vital economic bridge between Africa and China”, the …
Why China’s diversified economy garners both praise and criticism
China has achieved economic success not just through repurposing Western technology but by rapidly upgrading and adapting it. Top-down management coexists with local autonomy and bottom-up innovation …
Opinion: Make China stop helping Russia’s war — the hard way, if necessary
If the international community were to propose removing some Chinese banks from SWIFT due to their involvement with Russian banks, it would send a clear message to all Chinese organizations.
China’s Country Garden aims to pay missed coupons by next week
By Clare Jim HONG KONG (Reuters) -Embattled Chinese property developer Country Garden said it was unable to pay two onshore coupons due on Thursday, but China Bond Insurance Co would do so on its …
China – having its chips and eating them (without onions!)
Is the use of sanctions by the USA that stop sales of state-of-the-art processor chips in turn being used by China as the launch pad for the next round of major changes in global IT?
GM can regain market share in China after hitting 20-year low, executive says
GM’s market share in China has plummeted from roughly 15% as recently as 2015 to 8.6% last year — the first time it has dropped below 9% since 2003.
China Education Group Makes The Grade With Rising Profits
China Education Group has slowed its school purchases over the past two years, but spent a hefty 2 billion yuan on campus construction projects in the last six months The company’s financial situation …
China’s local governments swap debt for data as pressure builds to relieve burdens
Local governments in China are exploring the use of data as an asset to help balance their chequebooks – an idea which could reduce their heavy debt burdens but has also prompted concerns over …
1st LD-Writethru: Mastercard’s joint venture starts bank card clearing business in China
Mastercard NetsUnion Information Technology (Beijing) Co., Ltd., a joint venture of Mastercard and NetsUnion Clearing Corporation, received formal approval from the People’s Bank of China, China’s …
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