Chinese carmakers are stepping up efforts to further expand their global presence after the country’s auto vehicle exports doubled to a record 2.02 million in 2021 despite chip shortages and the COVID …
Tagged By business
China’s automaker FAW reports robust sales in Jan.
CHANGCHUN, Feb. 14 (Xinhua) — China FAW Group Co., Ltd., a leading automobile maker in the country, produced 290,371 complete vehicles and sold 311,508 vehicles in January, the company said Monday.
Stellantis restructures its China business to gain a foothold
The National Business Daily reported that PSA is in talks with Dongfeng to give the French control of the Peugeot brand’s operations in China, while the Chinese will have a larger say in how to…
China cracks down on technosphere as Beijing seeks to create “common prosperity”
China’s legislative onslaught began in November 2020 when the initial public offering (IPO) of billionaire Jack Ma’s fintech giant Ant Group was suspended. Ant had hoped to raise up to US$37 billion …
Top 10 Chinese jewelry brands in 2022
The top 70 brands largely fall in retail business, the downstream of the jewelry industry, covering jewelry such as gold, jade, diamond, silver, pearl, color jewel and platinum. According to Hurun, …
China blocks Lithuanian beef, dairy, beer as Taiwan row grows
Beijing/Vilnius | Reuters — China suspended imports of beef, dairy and beer from Lithuania this week, Lithuania’s veterinary control agency said on Thursday, amid a growing trade dispute over the …
China textile mogul pushed into fashion, then ran into trouble
Ruyi, which had previously been a mostly China-focused textile manufacturer for many global brands, would change all that, he said: “We will create a new image for Chinese quality and for Chinese …
Arm IPO endangered by China unit’s legal issues
Arms plan for an IPO may already be in trouble before it’s even started, as a long-running dispute with its division in China could endanger Softbank’s offloading of the chip firm. Following the …
Strong China-Russia partnership helps both to deflect US coercion
As the US continues to dissuade its European allies not to import energy from Russia, China will purchase more. China’s CNPC has agreed to increase pipeline gas transmission from Russia’s Gazprom by …
Private equity surges in China as broader M&A market stalls
“International brands often have a hard time catching up to the ever-evolving local consumer market,” he said. Nine out of the top 10 China deals last year were domestic M&A. Many big-ticket …
China IPOs: Offshore Angst.
Morrison & Foerster partner and global chair of the Private Equity Group Marcia Ellis is quoted in an article, “China IPOs: Offshore angst,” published by AVCJ on January 26, 2022. According to Marcia, …
China releases revised provisions for Stock Connect
The quota for eastbound business remains at 250 billion yuan (about 39.26 billion U.S. dollars), while that for westbound remains at 300 billion yuan. BEIJING, Feb. 13 (Xinhua) — China’s top …
China’s small-business owners tighten purse strings, embracing frugality as hardships and uncertainties mount
According to the Small and Micro-sized Enterprise Operating Index Report compiled by the Postal Savings Bank of China in December, 85.9 per cent of MSEs had accounts receivable – money owed by a …
