When Steven Du took over his parents’ factory producing temperature control systems in Shanghai, one of the first changes he made was to turn on the plant’s heating in winter – something his frugal forebears…
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China’s express delivery sector expands in May
China’s courier sector registered expansion in May, according to a monthly industry index. The State Post Bureau said the monthly express delivery development index came in at 370.9 in May, up 37.8 percent year-on-year.
Goldman joins Wall Street banks in cutting China’s growth outlook as post-Covid bounce fades
Goldman Sachs sees further turbulence ahead for the Chinese economy as the recovery from its stringent Covid measures continue to disappoint.
Chinese financial firms implement austerity measures; cut salaries, bonuses, as Beijing cracks down on corruption
Chinese financial firms are implementing austerity measures, including cutting salaries and bonuses and curbing flashy lifestyles, as Beijing cracks down on corruption and tries to bridge the wealth …
COLUMN-China stored massive volume of crude oil in May, giving it options: Russell
LAUNCESTON, Australia, June 19 (Reuters) – China added to crude oil stockpiles at the fastest rate in nearly three years in May, as robust imports outweighed near-record refinery processing.
Micron warns China’s ban could cost it $4 billion annual revenue
PLUS: Crypto just isn’t cricket in India; China’s budget smartphone surge; Jack Ma is back, again; and more Asia In Brief US-based memory-maker Micron on Friday informed investors it’s still unsure …
Technology leaders’ visits vote of confidence in China
Photo/VCG] The frequent visits of global technology leaders to China reflect the unpopularity of the United States’ “decoupling” eff …
China’s second wave of COVID infections, deaths, Long COVID, and government lies: Part 3
In the months after China’s first wave of mass infections with COVID-19 last winter, the term “Long COVID” gradually entered public consciousness as many discovered that they are still troubled by …
China’s university hopefuls now require a grasp of Xi’s nationalist credo
One of the core principles of Xi’s ideology is to achieve the “Chinese dream of the great rejuvenation of the Chinese nation”, which is understood by many analysts to include replacing US “hegemony” with a…
Analysis: China bankers told to shun flashy clothes, 5-star hotels in austerity drive
From cutting salaries and bonuses and asking staff not to wear expensive clothes and watches at work, to reining in travel and entertainment expenses, Chinese financial firms have jumped on an …
China’s Big-City Homeowners Cash Out as Wealth Dream Fades
Chinese homeowners are losing conviction in their decades-long belief that property is a reliable store of wealth, undermining even coveted markets like Shanghai and adding pressure on authorities to …
While Yuan Struggles Other China Proxies Are Beginning to Soar
The Korean won and Australian dollar, whose performance is closely linked to China due to strong export ties, are set to top the Asia-Pacific currency rankings this quarter. The won’s ascent is …
Top 10 Chinese global brands
The annual ranking has been released for the seventh consecutive year, aiming to show the influence of Chinese global brands. Let’s take a look at the top 10 brands. Copyright 1995 – 2023 . All…
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