Shenzhen-based Rongtong Fund Management, which manages US$36 billion, has named Zhang Wei as the new chairman China’s regulator has officially ended its control over New Times Securities, which owns …
Tagged By business
Japan carmakers output falls 21% in April, hit by China lockdowns
Eight Japanese carmakers’ global production in April declined by a combined 21% from the same month a year ago, at 1.63 million vehicles, with output dragged lower by Covid-19 lockdowns in China, …
San Jose man faces up to 30 years in prison for smuggling US aviation tech from NASA contractor to China
A man from San Jose, California, has been charged with smuggling and violating export control laws after allegedly sending sensitive aeronautics software to a public university in Beijing. Jonathan …
Oil And Equities On The Rise As China Eases COVID Restrictions
China is finally ready to ease COVID restrictions in Shanghai and Beijing. The news has sparked some upside momentum in markets. “Risk is back in business it seems,” said AJ Bell investment …
Musk: China ‘leading world’ in renewable energy
Few seem to realize China is leading the world in renewable energy generation and electric vehicles, Elon Musk, Tesla’s CEO said via Twitter on Monday, adding, “Whatever you may think of China, this …
Alibaba profit slumps 60% as tech crackdown, COVID-19 bite
Chinese e-commerce giant Alibaba has said its profit fell 59 percent in the last fiscal year, joining other tech firms that reported lackluster results while grappling with COVID restrictions and a …
Crypto markets pick up as China eases lockdowns
Bitcoin yesterday extended its streak of declining weekly returns to a record nine weeks, with the price of the largest cryptocurrency closing the week at just above the $29k mark. Previously, Bitcoin …
Covid continues to cloud China supply chain
China announced the lifting of measures to end a two-month long lockdown in Shanghai from 1 June, and a simultaneous loosening of restrictions on manufacturing. Nevertheless, supply from the country …
‘Biz scale of foreign firms in China maintained’
BEIJING: Foreign-funded companies in China have deemed the East Asian country’s business environment to be promising, with the vast majority either maintaining or expanding the scale of their business …
China-Europe freight train departs Shanghai as COVID-19 measures eased
The China-Europe Freight Train transport service in Shanghai has resumed its export business on the express line, after the metropolis eased COVID-19 measures that were put in place against a new wave …
Taiwan FM to ‘Post’: China preps to invade us, Israel can’t trust Beijing
“China is an authoritarian country and they do business in a very different philosophy,” Wu told The Jerusalem Post in a video interview from his office in Taipei. “Sometimes they use trade as a …
EDITORIAL: Apple pushing shift away from China
Large-scale manufacturers have taken advantage of China’s low-cost labor and comprehensive supply chains, as those two factors are crucial to making a profit from the low-margin business of hardware …
WeChat Channels: an essential tool for Western brands in China
WeChat Channels is the latest feature unveiled by WeChat, taking the Chinese marketing world by storm. Since launch in January 2022, it has gained an impressive 200 million daily active users.
