Chinese e-commerce giant Alibaba said Thursday its profit fell 59 percent in the last fiscal year, joining other tech firms that reported lacklustre …
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China is shuttling small ships to tankers at sea to transport cheap Russian oil amid sanctions, report says
Data from Vortexa Analytics, which was cited by Reuters, said that China is set to import 1.1 million barrels per day of Russian oil brought by sea.
China’s gold imports via Hong Kong at 14-month low as lockdowns bite
China’s net gold imports via Hong Kong dropped about 59 per cent to their lowest level in 14 months in April from March, as demand in the world’s top gold consumer was sapped by a…
Chinese smartphone brands coming out of a tough ‘winter season’
The market is expected to rebound in the second half after a tough start to the year. Chinese smartphone vendors are trying to pass a”winter season,” with increased spending on research and …
Alibaba, Hit by Covid in China, Posts Slowest Revenue Growth Since IPO
The e-commerce company posted a larger net loss compared with a year before.
Report to Congress on China’s Economic and Trade Ties with Russia
The following is the Congressional Research Service In Focus report, China’s Economic and Trade Ties with Russia. From the report Two developments in February 2022—the announcement by leaders of the …
China vows all-out efforts to stabilize industrial, supply chains
China’s Ministry of Commerce (MOC) on Thursday said that the country will make all-out efforts to stabilize the industrial and supply chains of foreign trade enterprises. Logistics performance is …
Car tech firm ECARX to go public in $3.8 billion blank-check deal
ECARX Holdings Inc said on Thursday it would go public through a merger with a blank-check firm in a deal that values the automobile technology company at $3.82 billion. The deal with COVA Acquisition …
Powerful car manufacturers will not easily alienate China’s electricity market – TRACED NEWS
It is a real change. International brands have dominated China since the 1990s, typically winning a combined share of 60-70% of passenger car sales in recent years. In the first four months of 2022, …
China’s Lenovo says supply issues to hit shipments, revenue growth slows
“at-above-post addthis_tool” data-url=” Josh Ye HONG KONG (Reuters) -China’s Lenovo Group warned on Thursday that shipments would fall in the short term as China’s COVID-19 lockdowns exacerbated …
Tianfeng Securities: China’s internationalization will survive global challenges
“China’s interaction with the world is irreversible … “It’s not simply about doing business, but more importantly we hope that in this way, more investors can understand the Chinese market. It is …
Xiconomics: Why the world remains confident in China’s economy?
A worker is busy in a workshop of Harbin Turbine Company Ltd. of Harbin Electric Corporation in Harbin, northeast China’s Heilongjiang Province, May 7, 2022. (Xinhua/Wang Jianwei) BEIJING, May 26 …
China’s Foreign Minister Wang Yi Is Visiting the South Pacific This Week. Here’s What’s at Stake
Wang Yi’s trip this week is seen as a display of Beijing’s growing military and diplomatic presence in the region …
