China’s biggest chipmaker SMIC plunged a fifth on Monday in response to news of potential U.S. sanctions against the company, wiping $28 billion off its market value and prompting analysts … ( read original story…
NEWS
Improvement in China’s trade data, but there is turbulence ahead, says economist
China’s exports are strong, but imports are lagging as domestic consumption continues to be rather weak, says Gary Ng, Asia-Pacific economist at Natixis. ( read original story …)
China’s strong exports growth in August would boost the country’s growth in second half of 2020
However, China’s export growth may not be sustainable as it has been boosted by demand for personal protective equipment and work-from-home items during the pandemic, says Bo Zhuang, chief China … ( read original story…
Asia Today: Beijing holds trade fair, hot spots see declines
Organizers reported strong turnout at an event in Beijing billed as the first hybrid online and in-person trade show staged since the coronavirus pandemic began. A total … ( read original story …)
Beijing show goes on — but not with execs
Delayed from late April, the Beijing auto show is set to begin on Sept. 26, making it the sole survivor, so far, of all the major international auto exhibitions canceled this year because of the…
Live-stream shopping in China could be worth $170 billion this year. But it’s a tough market to crack
A rising class of creators in China are racing to get in on live-stream shopping, an emerging form of retail that has become an estimated $66 billion industry. ( read original story …)
China to hold more military drills off northeast, east coasts
China will hold further military exercises from Monday along its northeast and eastern coast, the government said, the latest in a series of unusual back-to-back drills against a backdrop of rising … ( read original…
China says August exports beat expectations, jumping 9.5% from a year ago
China’s dollar-denominated exports rose 9.5% for the month of August while imports fell 2.1% in the same period, data from the country’s General Administration of Customs showed on Monday. ( read original story …)
China August exports rise 9.5% year-on-year, beat forcasts; imports down 2.1%
China’s exports in August rose at a faster-than-expected pace, increasing by 9.5% from a year earlier, though imports dropped 2.1%, customs data showed on Monday. ( read original story …)
China’s driverless car upstarts see robotaxis scaling up in 3 years as tech firms race to get ahead
A number of so-called “robotaxi” projects have popped up in the world’s second-largest economy over the past two years, with the companies involved eyeing creating viable autonomous ride hailing … ( read original story …)
Top Democrat accuses U.S. attorney general of lying about China election threat
The Democratic chairman of the House of Representatives Intelligence Committee on Sunday accused U.S. Attorney General William Barr of lying when he said China posed a bigger threat to November’s U.S. ( read original story…
A Bubble Scarier Than Big Tech Is Brewing in China
In China, an even scarier bubble than Big Tech is brewing. It’s engineered not by the nation’s notorious mom-and-pop investors, but professional stock pickers. These days, even a soy sauce maker can … ( read…
China Jan-Aug iron ore imports at 760 mln tonnes – customs
China Jan-Aug soybean imports at 64.74 mln tonnes – customs * China Jan-Aug unwrought copper imports at 4.27 mln tonnes – customs Reporting by Beijing Newsroom and Dominique Patton; Editing by Kim Cog … (…
