The National Bureau of Statistics said the non-manufacturing Purchasing Managers’ Index (PMI) fell to 47.5 in August, down from 53.3 in July.
Tagged By business
China’s half-price tech stock sale: why it’s time to buy
A crackdown on tech by Beijing has sent shares tumbling but profits are still growing Chinese technology stocks have plummeted after a crackdown by Beijing, but low prices for profitable and …
StanChart Forms JV with Linklogis for Blockchain-Based Trade Finance Platform
Standard Chartered has formed a joint venture with Linklogis to establish a blockchain-enabled trade finance platform dubbed as Olea.
China’s factory activity expands at slower pace in August -official PMI
China’s factory activity expanded at a slower pace in August as coronavirus-related restrictions and high raw material prices pressure manufacturers in the world’s second largest economy. BEIJING, Aug …
China’s Services Sector Contracts Amid Delta Virus Outbreak
China’s economy took a knock from the delta virus outbreak in August, with the services industry contracting for the first time since March last year and manufacturing hit by supply-chain problems.The …
Geely Raises $500 Million in the First Ever Outside Investment Round for its New Premium EV Brand ‘Zeekr’
Chinese automaker Geely Automobile and its parent Zhejiang Geely Holding Group Co. (Geely) raised $500 million in the first-ever external funding round for its new jointly owned premium electric …
Ant Group’s IPO Relaunch Seen at Risk Due to Hangzhou Probe
Ant Group Co.’s aspiration to revive its initial public offering could be jeopardized by recent investigations into Hangzhou’s top political leaders, according to Bloomberg Intelligence. An IPO …
China steps up scrutiny of brokerages’ margin loan business – media
China’s securities regulator has strengthened scrutiny of brokerages’ margin lending and securities borrowing businesses, after detecting misbehaviour recently, the official China Securities Journal …
Little sign of China decoupling from the rest of the world
Judging by China’s export performance in the past two years, there is little evidence that developed countries are decoupling from the country. On the contrary, China’s global market share has risen …
Ligand’s Partner Gloria Biosciences Receives Approval in China for Zimberelimab for the Treatment of Recurrent or Refractory Classical Hodgkin’s Lymphoma
Ligand Pharmaceuticals Incorporated (NASDAQ: LGND) today announced that its partner Gloria Biosciences (GloriaBio) has received approval from China’s …
BlackRock, ESG, and China – an Interesting Combination
It has always been entertaining to speculate just how BlackRock reconciles its enthusiasm for ESG with its excitement over investment in China.
China bans children from online gaming during school week, limits games to 3 hours over weekends
China has issued a new regulation that restricts young people to playing only three hours of online gaming in a standard week.
Ida Damages US’ Busiest Grain Terminal, Disrupts Exports
Hurricane Ida damaged a Louisiana grain export elevator owned by global grain trader Cargill Inc and disrupted export …
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