Chinese economic data blew expectations out of the water last week, reflecting a strong comeback for the Asian giant as it finally emerges from the world’s most restrictive pandemic-era lockdowns.
Tagged By business
China Loses More of Its Share of U.S. Imports to ‘Low-Cost’ Asian Rivals
In 2022, the Chinese mainland and Hong Kong accounted for a combined 50.7% of U.S. imports of manufactured goods from the 14 Asian LCCs. The number is down from 53.5% in 2021 and …
UPower IPO Sparks Skyrocketing Stock Price, Then Crashes Back Down To Earth
The stock is the latest in a series of Chinese IPOs that have burned brightly before fizzling out in a few days, prompting concern from Wall Street.
UPDATE 1-China’s Wanda chairman quoted on HK IPO challenge, bonds lose more on liquidity concerns
Chinese commercial property developer Dalian Wanda Group’s dollar bonds fell further on Monday, as investors remained concerned about prospects for its unit’s Hong Kong listing and its impact on the …
China grants duty-free status to some imports from Nicaragua, effective May 1
Nicaragua will be able to export some products duty-free to China from May 1 under the Early Harvest Arrangement for a bilateral free trade agreement (FTA), the Customs Tariff Commission of the State …
Does China have a role to play in helping to end Sudan’s crisis?
By bringing Saudi Arabia and Iran together, China has shown that it can broker deals – but maybe not just yet in Sudan, observers say.
EU is angry at China over remarks on Ukraine – Details
The European Union (EU) has expressed anger over controversial remarks made by China’s ambassador to Paris, Lu Shaye, about the sovereignty of Ukraine and other former Soviet states. Lu’s comments …
China EVs rising, Tesla loses profit ground and Lyft preps for deep cuts
If there was any doubt that China is a leader in EVs, the Shanghai Auto Show should have erased those thoughts. China is developing and producing compelling EVs and reaping the sales as a result.
China doesn’t want US cars like Ford and General Motors. That’s a big problem for their futures.
China — the world’s largest car market — doesn’t want its vehicles. In 2022, data shows Ford and General Motors’ car sales in China each dropped more than 20% from the year before. Paired with…
China’s Wanda chairman quoted on HK IPO challenge, bonds lose more on liquidity concerns
Chinese commercial property developer Dalian Wanda Group’s dollar bonds fell further on Monday, as investors remained concerned about prospects for its unit’s Hong Kong listing and its impact on the …
Tesla to export Model Y from China to Canada for first time in company’s history: report
Tesla Shanghai will soon export a variant of the SUV-style Model Y to Canada, the electric vehicle maker’s largest market. It will be cheaper than other variants.
China’s top refiner Yunnan Tin says Myanmar mining halt could hit global supply
Myanmar accounted for 77% of China’s tin ore imports last year, Chinese customs data showed. The Wa region is estimated to have accounted for over 70% of Myanmar’s tin production in 2022, the ITA said…
Column: China’s loss of import appetite damps copper’s bull fires
The lack of bull price impetus is down to China, which sharply reduced its imports during the first quarter of the year. China imported 408,174 tonnes of copper in March, down by 19% year-on-year …
