PetroChina launched an IPO), and was valued at $1Tn. In the next 20 weeks, the share price fell 52%. The stock never recovered. Today, PetroChina’s shares are down almost 90% from the IPO price. (…
Featured Posts Title
Trump confirms delay of Xi meeting in Beijing as China ‘maintains communication.’
China vows to continue opening its economy amid trade tensions with U.S.
Veteran of ‘iPhone City’ tapped as party boss of China’s Silicon Valley
Apple CEO Praises China Partners as Beijing Applies Pressure
‘It’s trade, tourism, trust’: Air China restarts direct Beijing–Delhi flight
Olympic champion swimmer Cameron McEvoy breaks the 50-meter freestyle world record
NIH hosts lecture making the case that COVID-19 came from a Chinese lab
Recent Posts
China’s IPO Problem: Why Can’t Shanghai Run A Public Offering?
Jack Ma’s Ant IPO Unlikely To Happen Before 2022 Over New Regulatory Hurdles: Report
Alibaba Group Holding Ltd (NYSE: BABA)-backed Ant Group is unlikely to be able to hold its suspended initial public offering before 2022, Bloomberg reported Sunday. What … ( read original story …)
Shares rest after “awesome” month, China factories speed up
World shares paused to assess a record-busting month on Monday as the prospect of a vaccine-driven economic recovery next year and yet more free money from central banks eclipsed immediate concerns … ( read original…
Kim Jong Un is cutting off his economic lifeline, China, to stave off Covid-19
Kim Jong Un appears to have kicked North Korea’s Covid-19 prevention plan into overdrive, further tightening the country’s nearly impassible borders, cutting off nearly all trade with China and even … ( read original story…
Moody’s – China property inventory levels will remain healthy in the next 6-12 months
© 2020 Insider Inc. and finanzen.net GmbH (Imprint). All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer … ( read original story …)
Three firms team up for high-end auto brand
Contemporary Amperex Technology Co Ltd, a Chinese battery maker, will cooperate with Huawei Technologies Co, a technology giant, and Changan Automobile, a vehicle maker, to build a brand-new high-end … ( read original story …)
China’s manufacturing accelerates in November
China’s manufacturing activity accelerated in November as its rebound from the pandemic gained strength, a survey showed Monday, while the United States and Europe struggled with rising infections and … ( read original story …)
China-EU decoupling not an option but Beijing must step up on markets, human rights, virus: German envoy
A decoupling between China and Europe is not a policy option for Germany, but Beijing should ensure equal footing for market competition and address concerns about human rights, Germany’s ambassador … ( read original story…
China’s vaccines may have ‘appeal’ in developing countries, economist says
Developing countries may have a long wait for a vaccine developed in the West, but there’s always the option of turning to China , says an economist from DBS. ( read original story …)
China central bank offers salve to jittery markets with surprise MLF injection
China’s central bank surprised markets on Monday with an injection of medium-term cash into the banking system, in what traders and analysts viewed as a move to calm nerves rattled by a string of ……
Australian winemaker to pivot from China in wake of trade fight
Australia’s biggest listed winemaker will diversify away from China as it said Beijing’s move to slap tariffs on imports from the country threatens almost a third of its earnings. Treasury Wine … ( read original…
Australia demands apology from China after fake image posted on social media
Australia’s Prime Minister Scott Morrison said on Monday Canberra is seeking an apology from Beijing about a Tweet containing a false image of an Australian soldier holding the knife to the throat of … (…
Breakingviews – Pinduoduo rises to China’s grocery challenge
Pinduoduo is rising to China’s grocery challenge. The e-commerce company unveiled plans to raise as much as $6.1 billion partly to expand next-day delivery for fresh produce. Competition is fierce and … ( read original…
