European Union leaders agreed to “de-risk and diversify” economic relations away from China despite Chinese General Secretary Xi Jinping’s attempts to discourage European cooperation with the United States in that arena.
Tagged By business
China’s WORK Medical upsizes proposed US IPO to $14M
China’s WORK Medical Technology Group (WOK) has upsized its proposed US initial public offering to $14M. Read more here.
Chinese Car Brands Aggressively Expanding Overseas, Projected to Penetrate 9% of Western Europe’s NEV Market by 2023, Says TrendForce
In a bold move to disrupt the automotive industry’s dominance by European, America, Japanese, and Korean giants, Chinese car brands are aggressively expanding overseas, unleashing their decades-long …
China is hiding $3 trillion of foreign currency in ‘shadow reserves,’ adding unknown risks to the global economy, former Treasury official says
Half of China’s currency reserves are “hidden,” a situation that may add risks to the global economy down the road, former Treasury Department official Brad Setser wrote. While the country’s State …
China Has Begun To Retreat From Southeast Asia
Beijing’s has had to pull back because of economic problems at home, but in the meantime, others have begun to eclipse China’s former pre-eminence in the region.
Hu Xijin Is Buying China Stocks, Week In Review
Asian equities ended the month and quarter mixed as Mainland China, Thailand, and India outperformed on light volumes.
US threat gives ASML new headache on China exports
ASML now has to look to Washington, not its home government in The Hague, to determine which of its top-class chip-making machines it can still sell to Chinese companies. The Dutch government on …
The thing about crypto ownership
Ownership of crypto assets can be just as uncertain. Blame the conduct of unregulated platforms such as FTX in allegedly misusing client funds. The added difficulty — for example when pursuing …
Chinese e-commerce giant Alibaba expands number of physical grocery stores ahead of the unit’s IPO
Alibaba’s grocery unit Freshippo expanded its number of physical stores in China, the company said on Friday, as the business prepares to spin off from its parent company and go public. Freshippo, …
Asia’s Former Richest Man Struggles To Raise Cash Amid Mounting Debts
Wang has been trying to raise funds by listing Zhuhai Wanda Commercial Management, the group’s property management arm, but the prospects look increasingly dim. The unit refiled …
China’s FTZs deepen reforms to align with international standards
A citizen handles business at Shanghai’s Pilot Free Trade Zone Lingang Special Area in East China’s Shanghai, May 12, 2023. [Photo/Xinhua] BEIJING — China plans to deepen reforms in some eligible …
China’s Shein denies U.S. IPO rumors
Chinese fast fashion giant Shein denies a Reuters report that said it has filed for an initial public offering in the U.S.
Exclusive: China’s Shein files for US IPO – sources
Shein, the Chinese online fashion retailer worth more than $60 billion that is under scrutiny from U.S. lawmakers over its labor practices, has registered with regulators for an initial public …
