Chinese carmaker Li Auto Inc. raised $1.1 billion in an above-range U.S. initial public offering, adding to the market focus on electric-vehicle companies, according to terms of the deal reviewed by … ( read original…
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AI dominates the 4th International Congress of Basic Science in Beijing
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Is China’s EV market takeover inevitable as Chinese automakers prepare to gain a foothold in North America?
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Chinese Electric SUV Maker Li Auto Raises $1.1 Billion in IPO
China’s central bank injects 50 bln yuan into market
BEIJING, July 30 (Xinhua) — China’s central bank Thursday pumped cash into the banking system via reverse repos to maintain liquidity. The People’s Bank of China injected 50 billion yuan (about 7.15 … ( read…
Huawei overtakes Samsung to be No. 1 smartphone player in the world thanks to China as overseas sales drop
Huawei became the biggest smartphone player in the world in the second quarter for the first time with the majority of sales coming from China as its international business suffers due to U.S. ( read…
Li Auto to raise US$1.1 billion on Nasdaq as electric vehicle maker launches biggest IPO by a Chinese company in the US this year
The Chinese EV start-up is set to raise US$1.1 billion, the largest US IPO so far this year by a Chinese company Li Auto, a Chinese electric vehicle maker backed by China’s online services delivery…
China central bank to conduct 5 bln yuan bill swaps on Thursday
China’s central bank said it will conduct a bill swap operation on Thursday to support the issuance and liquidity of perpetual bonds issued by banks to replenish capital. The bill swaps, with a … (…
RPT-FOCUS-China’s Hengli makes bold $20 bln bet to spin coal into fabric
What to do with China’s abundant stock of coal? Chemical giant Hengli plans to make clothes out of it. It may sound like something from ancient alchemy, but the privately-owned Chinese company surpris … (…
CSCEC Finance (Cayman) II Limited — Moody’s affirms China State Construction Engineering Corp’s A2 ratings; outlook stable
Moody’s Investors Service has affirmed the A2 issuer rating of China State Construction Engineering Corp Ltd (CSCECL) and the A2 senior unsecured ratings on the debt issued by CSCEC Finance (Cayman) I … ( read…
China needs “explosive” buying to meet U.S. farm import target
With nearly seven months gone, an ambitious $36.5 billion target for Chinese imports of U.S. farm goods this year may not be quite out of reach, but it’s looking like a big, big stretch. (…
China Stock Market Draws Another Green Light For Thursday’s Trade
The China stock market has climbed higher in three straight sessions, advancing almost 100 points or 3.1 percent along the way. The … ( read original story …)
Mainland China reports 105 new coronavirus cases, including 96 in Xinjiang
China reported 105 new coronavirus cases in the mainland for July 29, up from 101 cases a day earlier, the health commission said on Thursday. ( read original story …)
U.S. goods are sold in Beijing, China
A Chinese woman walks through a Western grocery store specializing in imported goods in Beijing on Wednesday, July 29, 2020. China continues to lag behind the pace of imports from the U.S. needed to ……
China and US Must Learn From One Another and Collaborate on CBDC
The governments of China and the U.S. frame digital currency as part of their great-power competition, but instead they should work on this technology together … ( read original story …)
Study: 65% of early COVID-19 cases globally linked to Italy, China, Iran travel
Almost two-thirds of confirmed COVID-19 cases outside China during early stages of the pandemic occurr among people who had traveled to Italy, China or Iran or to their close contacts, an analysis in … (…
