A nationalist buying frenzy has faded, hurting shares of Li Ning and Anta.
NEWS
China’s air quality worsened this year for the first time in a decade
For the first time since China began its “war on pollution” a decade ago, the concentration of dangerous PM 2.5 particles in the air has increased.
China drafts new rules proposing restrictions on online gaming
China has released draft guidelines aimed at curbing excessive spending on online gaming. The proposal caused shares in the biggest Chinese gaming companies, Tencent and NetEase, to plunge in Hong …
Yemen’s Houthis Doing China ‘A Big Favor’ by Fighting US—Professor
The Houthi movement has declared war on a U.S.-led coalition seeking to protect shipping lanes in the Red Sea.
China issues rules to curb gaming spend; Tencent, NetEase plunge
Chinese regulators announced on Friday a wide range of rules aimed at curbing spending and rewards that encourage video games, dealing a blow to the world’s biggest games market, which returned to …
Tencent loses $50 billion as China issues new draft rules targeting in-game spending
Shares of several Chinese tech giants tanked in Hong Kong, after Beijing unveiled a new set of regulations to restrict online spending in the gaming industry as part of its wider crackdown.
Freezing Beijing weather cannot stop a man who is looking for love
Fingers stiff and faces frozen into scowling death masks, my friend and I greeted one another like everyone does in Beijing these days, by talking about how cold we were. His knees were numb after…
China lifts ban on Taiwanese grouper fish imports in carrot and stick diplomacy
China will resume importing grouper fish from Taiwan from Friday, the Chinese government announced, just one day after angering Taipei with the ending of tariff cuts on some chemical imports less than …
Tencent, Netease shares plummet on new China online gaming guidelines
Tencent and Netease shares plunged on Friday after China released draft guidelines aimed at curbing incentives that may lead to excessive gaming and spending.
Shenzhen’s Exports to Likely Top Chinese Cities for 31st Straight Year
(Yicai) Dec. 22 — Shenzhen in China’s southern Guangdong province will likely continue to top Chinese cities in exports for the 31st consecutive year, thanks to local private companies and the …
Boeing’s first Dreamliner delivery to China since 2019 to land Friday
Boeing’s first direct delivery of a 787 Dreamliner to China since 2019 is set to land in Shanghai on Friday, a step that could hasten the end of China’s freeze on deliveries of the firm’s…
China’s 2024 steel demand to fall 1.7%, exports to slow – state researcher
China’s steel demand in 2023 will decline by 3.3% from 2022 and contract a further 1.7% in 2024, a state researcher forecast on Friday, weighed down by a significant drop in construction activity. The …
Biting cold to loosen grip as temperatures to creep higher in China
After almost two weeks of below-freezing weather brought by a cold wave that swept through most of China, a round of warm air will begin to flow from the country’s north to south lifting temperatures…