Shipowners’ organisation Bimco has revealed China’s seaborne imports of Russian crude jumped 51.4% in May, lifting the country’s overall total to 42.6m tonnes last month. Th …
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New plans unveiled to legally import unapproved lifesaving drugs
China has formulated a plan to facilitate the import of Clobazam, an unapproved epilepsy drug, to address acute medical demand, the National Health Commission said on Wednesday. Along with the …
Asia’s factories week despite China bounce, feeds global recession fears
Asia’s manufacturing activity stalled in June as many companies were hit by supply disruptions caused by China’s strict Covid-19 lockdowns, while sharp economic slowdown risks in Europe and the US …
Nano Labs Ltd. Plans $37 Million IPO for July 5th (NA)
Nano Labs Ltd. (NA) is planning to raise $37 million in an IPO on Tuesday, July 5th, IPO Scoop reports. The company plans to issue 3,500,000 shares at a price of $9.50-$11.50 per share. In…
Japan’s business mood worsens on hit from China’s lockdown, rising costs
The mood among Japan’s big manufacturers’ soured for a second straight quarter in the three months to June, a central bank survey showed on Friday.
China’s June factory activity expands for the first time since Feb as recovery accelerates
China’s factory and service activities bounced back in June for the first time since February, in the latest sign of accelerating recovery of the Chinese economy, as the impact of the COVID-19 …
China’s Proportion of Korean Exports Declines
The proportion of Korea’s exports that is sold to China has been shrinking since 2018, which is good news for those who worry that the country is becoming too dependent on its giant neighbor. The…
Xinghuo BIF and Zetrix Jointly Introduce Web3 Services: Blockchain Identity/Verifiable Credentials and Contract Signing
Xinghuo Blockchain Infrastructure and Facility (Xinghuo BIF) and Zetrix have jointly announced the introduction of Blockchain-based Identifiers (BID) / Verifiable Credentials (VC) and Blockchain-based …
Global economy: Asia’s factories feeble despite China bounce, feeds global recession fears
Asia’s manufacturing activity stalled in June as many companies were hit by supply disruptions caused by China’s strict COVID-19 lockdowns, while sharp economic slowdown risks in Europe and the United …
China’s challenge is raising productivity in a shrinking workforce, says asset management firm
Patrick Chovanec of Silvercrest Asset Management says he “can’t really describe the kind of negativity that has taken hold in the corporate sector [and also] in the investing world.” …
McConnell threatens to tank China bill over Democrats’ tax-and-spend push
Senate Minority Leader Mitch McConnell on Thursday threatened to tank Congress’ behemoth China competition bill if Democrats continue to push to resurrect President Biden’s long-stalled social welfare …
Japan business mood worsens on hit from China’s lockdown, rising costs
The mood among Japan’s big manufacturers’ soured for a second straight quarter in the three months to June, a central bank survey showed on Friday, hit by rising input costs and supply disruptions …
China not giving material support for Russia’s war in Ukraine -U.S. official
“China is not providing material support. This is normal course-of-business enforcement action against entities that have been backfilling for Russia,” a senior Biden administration official told …
