Factory output rose in April as China’s virus-battered economy reopened but job losses depressed consumer spending, a key driver of growth, challenging the ruling Communist Party effort to revive norm … ( read original story…
Tagged By beijing
GOP Senator Urges Colleagues to Shun Chinese Officials ‘In the Halls of Congress’ As Trump Ponders Cutting Ties With Beijing
The move would deny “China an opportunity to spread Communist propaganda in congressional offices,” Senator Marsha Blackburn said. ( read original story …)
Is a U.S.-China Cold War already underway?
Officials in Washington and Beijing insist they don’t want a new Cold War, but the geopolitical head winds seem to blowing in that direction. ( read original story …)
South Korea, China, Japan to hold video meeting on coronavirus
The health ministers of South Korea, China and Japan will get together by video conference on Friday to discuss ways to work together in the global campaign against the novel coronavirus, South Korean … (…
China property investment rebounds in April as economy reopens, sales decline eases
Real estate investment in China quickened in April while property sales fell at a much slower pace, Reuters calculations based on official data showed on Friday, providing some relief as Beijing looks … ( read…
China’s Jan-April property investment falls 3.3%, sales drop nearly 20%
Real estate investment in China fell 3.3% in the first four months of 2020 from a year earlier, official data showed on Friday, as the economy struggles to recover from the coronavirus epidemic. ( read…
China IPO Stages Stellar Hong Kong Debut Amid Biotech Craze
A Chinese medical devices provider surged 74% in its Hong Kong trading debut on Friday in the best opening performance this year for an initial public offering over $50 million. ( read original story …)
New Fund, New IPOs: The Era Of Successful China VC Investing Hasn’t Ended Here
The message on venture capital was sober: U.S.-owned VC investment into China plunged last year and competition has grown. “This golden era is over” for outsized returns there, Rhodium Partner Thilo … ( read original…
Global report: trade deal fears after Trump threat to cut China ties over Covid-19
Brazil passes 200,000 infections; Baltic travel ‘bubble’ begins; pubs reopen in parts of Australia … ( read original story …)
China’s Wuhan says it has tested almost a third of its citizens for coronavirus
China’s Wuhan said on Friday it has tested over 3 million of its 11 million citizens for the coronavirus, as it seeks to test all residents after a cluster of new cases raised fears of…
Asia Today: China marks month without any confirmed deaths
China has gone a month without announcing any new deaths from the coronavirus and has fewer than 100 patients in treatment for COVID-19 … ( read original story …)
How a ‘Keepwell’ Clause Protects China Bonds (or Not)
Bankruptcy and debt restructuring in China is a murky process, especially for international investors. So-called keepwell provisions are one way bondholders try to protect themselves in case of … ( read original story …)
China’s factory output posts first increase for 2020 but consumption still weak
China’s industrial output rose 3.9% in April from a year earlier, data showed on Friday, expanding for the first time this year as the world’s second-largest economy slowly emerged from its … ( read original…
