SHENZHEN, China (Reuters) -Chinese smartphone maker Honor is receiving an “unusually” high level of support from local government backers, as the former Huawei unit prepares an initial public offering …
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Exclusive: China’s Honor gets strong state backing as it readies IPO
Chinese smartphone maker Honor is receiving an unusually high level of support from local government backers, as the former Huawei (HWT.UL) unit prepares an initial public offering (IPO), according to …
Exclusive: China asks large state financial institutions to drop auditor PwC, say sources
As auditor for about 110 domestically-listed companies as of March this year, per its website, PwC has built a substantial presence in China over the last couple of decades, with business interests …
China services expansion picks up in fresh sign of momentum
Private survey’s result compares with official data last week showing services activity was on the brink of contraction. Read more at straitstimes.com.
U.S.-China Economic and Trade Cooperation Forum Held to Explore More Opportunities for Business Cooperation
More than 300 representatives from both Chinese and American business associations attended the forum. Ren Hongbin remarked, “China and the United States have highly complementary economies with …
Luxury Brands Navigating ‘New Normal’ in China
Luxury brands are facing several challenges in China, including a slowdown in consumer spending and a growing gray market for selling authenticated goods bought overseas as Chinese shoppers head …
China’s Honor gets strong state backing as it readies IPO
The handset maker has declined to disclose any IPO details such as how much it reckons it is worth now. It is looking to list on China’s A-share market where it expects a higher valuation,…
Part 2 | Flagging in: China’s new approach to maritime and seafood power
China has been buying its way into restricted national fishing grounds. The method typically involves the use of business partnerships to register foreign ships under the flag of another country, …
China sees growing foreign trade volume of tea in H1
During the period, China’s import volume of tea reached 24,400 tons, an increase of 41.54 percent, while the import value of tea reached $72 million, up 10.14 percent year-on-year. Belt and Road …
Absa and blockchain: A Journey of innovation and learning
One of the key areas of innovation that Absa has been leveraging is blockchain technology, which has the potential to revolutionize various aspects of the financial industry, such as payments, …
NITI Aayog member proposes JVs with China to boost manufacturing, lower imports
I think of it as de-monopolisation. Monopolies are not good for the consumer.” China is the biggest source of imports for India with consignments touching $102 billion in FY24, accounting for 15% of …
Possibility of Trump 2.0 should push China to recalibrate foreign policy
Trump’s threat to impose higher tariffs on Chinese imports could deal a major blow to China’s exports and manufacturing, but it should be read in the global context that he would go after everyone …
US export controls on technology to China have failed and backfired, says report
US export controls on technology exports to China have backfired, hurting US technology companies, and have been unsuccessful in cutting China off from the technology, thus driving innovation in China’s technology sector, according to a…
