U.S. businesses expected a “calming of the waters” in trade between China and the U.S. under the Biden administration. However, the administration has kept them waiting for seven months without …
Tagged By business
Anta Sport’s Revenue Tops Adidas China for First Time
Revenue at Chinese sportswear brand Anta Sports Products has exceeded that of rival Adidas China for the first time. Anta’s income jumped 55.5 percent to CNY22.8 billion (USD3.52 billion) in the first …
Jiangxi Yuean Advanced Materials’s IPO to debut on SSE STAR Market
Jiangxi Yuean Advanced Materials (688786) to start trading on the Shanghai Stock Exchange’s STAR Market Aug 26, tomorrow. The firm has issued 21.36 mln shares priced at RMB 11.76 per share raising RMB …
Ice Cream and Tea Chain Mixue Said to Explore Hong Kong IPO
Chinese ice cream and tea chain Mixue Bingcheng Co. is considering a Hong Kong initial public offering as soon as next year, according to people familiar with the matter.Mixue has held initial …
German Exports to China Fall for First Time in Nearly a Year
German exports to China declined for the first time in nearly a year in July, easing by 3.9% year-on-year to 8.4 billion euros ($9.9 billion), the statistics office said on Wednesday. That was the …
China’s LNG import surge to cool in winter as high prices bite
China’s liquefied natural gas (LNG) imports are expected to increase at a slower pace in the second half of the year after blistering growth over the first six months, but the moderation is unlikely …
In Xi’s China, country comes before profits for tech giants
President Xi Jinping has increasingly emphasised the idea of “common prosperity” as the Communist Party tries to address the country’s wealth gap.
It’s Time To Talk About Easing Trump’s China Tariffs
Despite the phase one deal signed last year, the U.S. maintains higher tariffs on two-thirds of all goods imported from China. President Biden, a critic of Trump’s tariffs on the campaign trail, has …
Blockchain Startup InfStones Raises $10M in Series A Funding Round
Blockchain infrastructure startup InfStones raised $10 million in a Series A funding round that was led by Shanghai-based Qiming Ventures and included investments from DHVC, HashKey Capital, Plug and …
‘Massive opportunities’ for ASEAN if manufacturers look beyond China
Kishore Mahbubani of Asia Research Institute at National University of Singapore thinks a “China +1” strategy will help stabilize supply chains and reduce manufacturers’ reliance on China.
China Oil & Gas Watch: 1H21
A low 2020 base, worldwide economic recovery as well as OPEC’s supply discipline pushed up the Brent oil price above USD70/barrel in 2Q21. Domestic production …
Divergent Segment Performance in China’s Oil and Gas Sector
H21 Fitch Ratings-Hong Kong/Shanghai-25 August 2021: China’s oil and gas industry saw a growth recovery in upstream production, rebounding refining utilisation and a fast rise in gas consumption and …
China-based EV brands make a move as joint venture companies face chip shortage
International automotive OE from Germany, the US, and Japan are facing automotive chip shortages and production cuts. This has put a strain on joint venture brands in the Chinese market and provided …
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