BEIJING (Reuters) – China is able to achieve economic growth of 5% in 2024, Wang Yiming, a policy adviser to the central bank, said on Tuesday. China’s economy is likely to grow 5% next year,…
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Another Chinese billionaire to emerge as Tencent-backed robot maker UBTech makes final Hong Kong IPO of 2023
UBTech, a Chinese maker of robots, will make its Hong Kong listing debut on the final trading day of 2023. Its 47-year old founder and CEO Zhou Jian is set to become a billionaire.
Wharf Holdings hotel arm eyes more openings in China and international markets on expectations of rising corporate travel
Wharf Hotels, the hospitality arm of property developer Wharf Holdings, is expanding its footprint in mainland China as the country’s tourism sector rebounds, in a move that also reflects its …
Happy Forgings IPO to open today: Should you subscribe to the issue?
The in-house manufacturing, automation and process optimisation would improve the margins, said Arihant Capital Markets in IPO notes. “The company has a long standing relationship with customers and …
Elf Bar and other e-cigarette makers dodged US customs and taxes after China’s ban on vaping flavors
In only two years, a small, colorful vaping device called Elf Bar has become the most popular disposable e-cigarette in the world, generating billions in sales and quickly emerging as the overwhelming …
ChatGPT 2024 Crypto Predictions: 2 Must-Buy Tokens
ChatGPT is well-known for its ability to provide insightful answers to complex questions. Unfortunately, it’s more reserved when it comes to crypto price predictions. However, through clever …
China widens move to deter use of overseas brands
Chinese government agencies across eight provinces instructed employees to avoid using non-domestic handsets when on duty, with Bloomberg reporting the move marks a widening effort by officials to …
Global IPO Market to Likely Improve Next Year, Goldman Sachs Exec Says
(Yicai) Dec. 19 — The global initial public offering market, including the Asian one, is expected to improve next year as the US Federal Reserve signals rate cuts, according to the co-head of equity …
China manganese ore imports declined in October
According to the latest release of the General Administration of Customs, China imported 2.71 million mt of manganese ore in October 2023, down 10.86% MoM but up 2.85% YoY, and exported 9,500 mt.
Shanghai Stock Exchange approves Brite Semiconductor for IPO
Shanghai-based Brite, despite offering chip design and manufacturing services to several Chinese military suppliers and being partly owned by SMIC, which the Trump Administration blacklisted in …
China, Russia to deepen trade, financial ties
He also said China and Russia’s relationship has achieved big progress in many fields. He expects Chinese imports from Russia, which are mainly agricultural products and software, will further expand …
China’s Nickel King Powers-Up His Battery Business
On its own, REPT Battero Energy, is a modest player in the fast-growing business of making batteries for electric vehicles, reported to rank 10th in the pecking order of Chinese EV battery …
Lawmakers want Biden to reject export licenses for Chinese drone maker DJI
A group of 15 Republican lawmakers on Monday asked the Pentagon to block export licenses for U.S. components for Chinese-drone manufacturer DJI, citing national security concerns. The Commerce Department in December 2020 added DJI,