The European automotive industry faces a challenging year. Experts worry a recession might be more than just mild, there could be factory closures or market volatility and challenges. Most expect the …
Tagged By business
Blockchain goes mainstream – and other key themes for 2023
We felt the market value of cryptocurrencies would tumble 20% in 2023 as hype about digital money cooled off. In the end, we were too cautious. Based on our calculations, cryptocurrencies lost roughly …
China says its imports, exports are estimated to have hit new highs in 2022
China’s imports and exports are estimated to have reached new highs in 2022, Shu Jueting, a Ministry of Commerce spokesperson, told a media briefing on Thursday. The increasing risk of a global …
Clouds might be scattering in China’s venture capital world
The outlook of investing in China is suddenly brightening up as the country gradually phases out its draconian zero-COVID policy, which has caused disruptions in businesses of all kinds and kept the …
Lighting maker Signify cuts 2022 outlook again on China, business lighting
Signify, the world’s biggest maker of lights, on Thursday again cut its full-year profit margin and sales guidance, citing a steeper slowdown in China than expected and lower demand for professional …
Lights maker Signify cuts its 2022 outlook again on lower consumer demand, China
Signify , the world’s biggest maker of lights, on Thursday again cut its full-year profit margin and sales guidance, citing a steeper slowdown in China than expected and a lower demand from businesses …
China’s 2022 auto sales rise 9.5% but growth weakening
China’s auto sales rose 9.5% last year as electric vehicle purchases nearly doubled, but demand in the global industry’s biggest market slumped in December, foreshadowing weaker growth …
China lockdown hits Uniqlo parent’s first-quarter profit
Fast Retailing, the parent company of Japanese clothing giant Uniqlo, said Thursday its net profit for the first quarter slid 9.1 percent because of the Covid-19 lockdown in China. “(The) result was …
China’s exports seen cooling further in December on weak global demand, COVID woes: Reuters poll
China’s export and imports are expected to have continued to struggle over December, due to the spread of COVID-19 in the country disrupting production lines and waning demand both at home and abroad, …
US and Japan agree to step up security cooperation amid China worries
The agreement follows nearly a year of talks and comes after Japan last month announced its biggest military build-up since World War Two.
China’s visa freeze disrupts Japanese, Korean business plans
On Wednesday, Chinese officials followed up by halting port visas and visa-free transit through China for Japanese and South Korean citizens. Chinese foreign ministry spokesperson Wang Wenbin defended …
China remains largest trading partner: GDCE
Mainland China once again emerged as Cambodia’s largest merchandise trading partner last year, with a volume of $11.686 billion – up 4.39 per cent over 2021 – of which Chinese exports to the Kingdom …
Easing of Covid restrictions in China provides boost to economic recovery
This is, to a certain extent, confirmed by the Caixin China General Services Business Activity Index, which gives an independent snapshot of operating conditions in services industries such as retail …
