It appears to us that there is less potential for support for the country’s embattled housing sector in the near-term.
Tagged By business
Why Crypto Investors Should Know What FUD Means
In the early 2010s, much of what mainstream audiences knew about cryptocurrency was based on FUD. But what does FUD mean exactly, and how does it affect you?
Estée Lauder says China’s Covid restrictions hurt quarterly sales
Estée Lauder reported disappointing quarterly sales and said Covid-19 restrictions in China presented a greater challenge than expected.
The biggest iPhone factory in the world just got locked down, but some workers managed to escape days ago
The factory employs 200,000 people, earning it the nickname “iPhone city.” …
China’s Electric Carmakers Eye Thailand in Next Sales Push
In Europe, a flurry of Chinese carmakers are trying to unseat storied legacy brands. Half a world away and far from the buzz of the Paris motor show, a similar revolution is playing out in…
China to export 160km/h high-speed train technology for first time to Pakistan
The coaches were all completed in China. Another 184 units will be delivered to Pakistan in parts and will be assembled locally. The combination of exporting “actual products and technology” has been …
Tesla closes its first showroom in China
EV maker Tesla has closed what had been its flagship showroom in China as the company adjusts its sales and service strategy in its second-largest market.
Estée Lauder Falls After Slashing Outlook on China Weakness
Estée Lauder Cos. shares fell after the company reported another lackluster quarter and slashed its outlook for the rest of its fiscal year, citing continued sluggishness in its China business and …
Chinese Fast Fashion Giant Shein Hires Former Bear Stearns Deal-Maker Ahead Of IPO
The company, which was reportedly valued at $100 billion earlier this year, is taking steps to go public as tensions rise between Washington and Beijing.
China to export high-speed train technology to Pakistan: State media
China will export technology for a 160 km/h high-speed railway train to Pakistan, state broadcaster CCTV said on Wednesday.
China to get “Controllable Anonymity” in the finance sector
Since launching its central bank digital currency (CBDC) program in 2014, China has expanded its reach to millions of retail customers. The program’s success is due in part to its continuous …
China’s rising star in smartphone 5G chips sees silver lining in weak consumer market
Unisoc has emerged as a key supplier of smartphone chips to Chinese brands such as Honor and Vivo, and it ranked No 5 globally in 2021 Global sales of 5G handsets will account for more…
China Says It Will Increase Imports of Energy, Agricultural Products
China will boost imports of advanced technology, major equipment and key components as well as energy and agricultural products that are in short supply, Commerce Minister Wang Wentao said. China will …
