Rolling coverage of the latest economic and financial news, as China slipped deeper into deflationary territory in January …
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China prices plunge at fastest rate in 15 years
Prices in China are falling at their fastest rate in 15 years as Beijing struggles to arrest the slump engulfing the world’s second-largest economy. The National Bureau of Statistics announced …
China’s NEV exports up 27.1 pct in January 2024: association
BEIJING, Feb. 8 (Xinhua) — Exports of Chinese new energy vehicles (NEVs) maintained a robust trend last month, with 95,000 new energy passenger cars exported in January 2024, an increase of 27.1 …
China’s Commodity Imports Off To A Good Start To 2024
Chinese commodity imports remained robust in January despite signs of a still struggling economy and cautionary reading of the data that may have be …
China Deflation Alarms Raised by Falling Prices for Food and Cars
In addition to consumer price declines in January, wholesale prices fell last month, and have been down in every month since October 2022.
Taiwan’s US envoy accuses China of stealing tech
STORY: Taiwan’s new envoy to the U.S. on Wednesday accused Beijing of cheating in the chip making race and stealing technology as he backed Washington’s export controls against China.The U.S. has been …
Alibaba shares sink after it shelves IPO plans for two units
Shares in Alibaba sank as much as 7% in Hong Kong on Thursday, after the Chinese tech giant reported disappointing sales figures and announced it would suspend listings plans for two of its units.
Mexico overtakes China as the leading source of goods imported by US
For the first time in more than two decades, Mexico last year surpassed China as the leading source of goods imported by the United States …
McDonald’s seeks to open 1,000 new stores in China by the end of the year as demand for fast food surges in the country amid economic troubles
McDonald’s will open 1,000 new outlets in China by the end of 2024. The expansion effort is part of its goal to have 10,000 stores in China by 2028.
US farm exports hit three-year low in 2023 as China slows buying -Braun
That volume was down 17% from 2022, the largest year-on-year tumble since 1985. Last year’s U.S. bulk commodity exports were still a 10-year low even when subtracting China’s portion, though the …
FirstFT: China replaces head of market regulator as it battles sell-off
Also in today’s newsletter, Netanyahu rejects ‘delusional’ Hamas terms for hostage deal and Alibaba puts IPO for its logistics arm on hold …
Two Cases Aim to Cut Off China and Iran From U.S. Technology
In one case, material stolen from a private company would help the development of technology to track ballistic and hypersonic missiles, U.S. officials said.
ASIA Charting China’s battle with deflation
China’s battle with deflation is symptomatic of the economy’s patchy rebound from the pandemic, imploding property sector, high debt and leverage across the economy, and slumping asset markets.
