The most recent economic data out of China came in weak across the board. It shows the economy is still in a precarious situation, saddled with debt and at the mercy of credit. There have…
Tagged By business
China warns US trade deals off if tariff hike goes ahead
BEIJING — China’s government renewed its threat Thursday to scrap deals with Washington aimed at defusing a sprawling trade dispute as the White House prepared to release a list of Chinese goods targeted for tariff…
Chinese consumers hooked on foreign brands could be peering into a store near you
Livestreaming from a showroom in Los Angeles’ fashion district, Simi Wu enticed an audience half a world away in China with an offer: The bubbly host said she’d give a discount to anyone who could…
Kidswear Market in China : New Opportunities for Luxury Brands
Why Kidswear in China is the Next Big Market for Luxury Brands ? The Kidwear market is estimated at 1.4 billion USD globally, according to “Euromonitor ” . In China , the segment is rising…
Xiaomi Confirms at Least Half of IPO to Be Sold in Shanghai
CDRs will account for at least 7 percent of the company’s share capital, the Beijing-based company said in a filing Thursday. The announcement confirms a Bloomberg News report on Monday. Xiaomi is planning to raise…
As China Curbs Borrowing, Growth Shows Signs of Faltering
SHANGHAI — China’s government has been trying to break the country … At the start of this month, the central bank said that commercial banks could use some of their small business loans as collateral…
China holds fire on rates, posts ‘shockingly weak’ activity growth
China has been walking a fine line between rolling out measures to curb financial risks and pollution and tapping the brakes so hard that business activity slows sharply. Much of their effort so far has…
Asian shares slip on Fed hike, trade fears and soft China data
TOKYO (Reuters) – Asian shares eased on Thursday after the Federal Reserve raised interest rates and struck a more hawkish tone by forecasting a slightly faster tightening, while concerns about weak Chinese data and U.S.-China…
Sinopec Seen Top Winner as Pipe Spinoff Frees Up Unit IPO
China is set to unveil before winter its plans to house pipeline … “With pipeline reform moving forward, so too will the IPO,” Bernstein analyst Neil Beveridge said in a note on Wednesday, adding that…
Xiaomi is said to consider raising half of $10 billion IPO from CDR sale
Selling more equity to local investors aligns Xiaomi with Beijing’s policy goals and helps it command a higher valuation. On Tuesday, JPMorgan, Morgan Stanley and CLSA — all of which are sponsoring or arranging the…
Xiaomi posts $1.4b loss in Q1 ahead of HK IPO
BEIJING • Xiaomi revealed it lost 7 billion yuan (S$1.4 billion) in the first three months, as the Chinese smartphone maker prepares to persuade investors to buy into the largest initial public offering (IPO) since…
Sinopec Seen Top Winner as Pipeline Spinoff Frees Up Unit IPO
China is set to unveil before winter its plans to house pipeline … “With pipeline reform moving forward, so too will the IPO,” Bernstein analyst Neil Beveridge said in a note on Wednesday, adding that…
India, China in talks to form bloc against Opec
We agreed to promote (business-to-business) cooperation… and we are hopeful that in future buyers will be able to dictate prices,” oil minister Dharmendra Pradhan said after meeting China National Petroleum Corporation chairman Wang Yilin and…
