Chinese sports and fashion brand Li Ning saw its profits in 2021 rise 136 percent year-on-year to 4 billion yuan ($629 million) with growing consumer support amid Western sports brands’ crackdown on …
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China cuts income tax for some small firms to 20% – finance ministry
China will cut income tax for some small firms to 20% from 25%, the finance ministry said on Friday, as part of steps to ease burdens on small businesses to support the slowing economy.
JPM, Credit Suisse expect China COVID spike to have minimal impact on GDP
The recent surge in COVID-19 cases across China is likely to have a minimal impact on the country’s GDP this year, two brokerages said in their reports, while adding it could hurt demand for some…
China’s Hold on American Elites
According to Stone Fish, these Americans are all complicit in Beijing’s agenda to make the United States “a reliable and pliant Second to China’s First.” The CCP uses them to advance its grand designs …
Crypto assets likely to rally amid geopolitical uncertainty
Crypto market volatility has increased even more since Russia invaded Ukraine about a month ago. As the President of Ukraine …
S. Korean Share of China’s Import Market Drops Significantly: Data
South Korea’s presence in the Chinese import market has fallen significantly over the past five years, compared to other major countries, the country’s business lobby said. The Federation of Korean …
China declares a new era of digitization has begun
Xi’s vision for once-in-a-lifetime transformation includes singular identity cards, shared data, and huge clouds …
China’s GAC Aion Bags USD404 Million in Series A Round to Get Closer to IPO
GAC Group’s new energy vehicle unit GAC Aion, which could get listed as early as this year, has completed its CNY2.6 billion (USD404 million) Series A round of funding, introducing state-backed …
Biden’s call with China’s Xi comes amid economic tensions, rising security threats
President Biden and Chinese President Xi Jinping are set to speak Friday amid economic and security tensions between the two nations.
China shares fall on jitters over COVID, Ukraine
China shares retreated on Friday after rising for two straight days as investors kept a wary eye on the country’s response to contain the COVID-19 outbreak and the latest developments around Ukraine.
Wuhan aims to become China’s ‘valley of satellites’ in space initiative
The central Chinese city of Wuhan has vowed to create a 100 billion yuan ($15.7 billion) space industry by 2025 and become China’s “valley of satellites”, joining other cities tasked with developing …
China has too much at stake to stand with Russia against the West
China has a huge vested interest in global stability which ensures its people’s prosperity. While Beijing clearly needs to keep relations with Moscow on an even keel, it will not risk attracting …
Goldman says China high-yield developers’ default rate understates stresses
Chinese high-yield property issuers have by one measure defaulted on nearly a quarter of their outstanding bonds this year, Goldman Sachs analysts estimated, highlighting liquidity stress as Beijing …
