Export growth slowed to a five-month low of 2.4% year-on-year, while import growth remained little changed at 0.3% YoY. Click to read.
Tagged By business
CR Beverage Prepares to List With Near $650.0 Million IPO
The Chinese beverage company is testing investor interest in its business with a nearly US$650 million Hong Kong listing, taking advantage of growing risk appetite for new equity offerings in one of …
China’s top private firms cut jobs, await greater support to allay anxieties
All-China Federation of Industry and Commerce report shows China’s top 500 private enterprises cut 314,600 jobs in 2023 compared to a year earlier.
Kraft Heinz celebrates 40 years in China: transforming for the future
In 2020, Kraft Heinz moved its Asian headquarters from Singapore to Shanghai. This reaffirms Kraft Heinz’s long-term commitment to the Chinese market and its dedication to serving the needs of its consumers while underscoring the…
China’s economic turnaround depends on the will to grow private sector
CHONGQING – China has signalled that it is pushing for the growth of its private sector, which economists say is key to its economic recovery and to help solve two of the country’s biggest headaches:…
HSBC probes China Pinnacle wealth business on costs and control, say sources
By Selena Li, Engen Tham and Sumeet Chatterjee HONG KONG/SHANGHAI (Reuters) -HSBC Holdings Plc is reviewing expenses and operational controls at its China digital wealth business Pinnacle, in a move …
China Resources Beverage’s HK IPO Draws CTG Duty Free
China Resources Beverage Holdings Co. has attracted China Tourism Group Duty Free Corp., the world’s largest travel retailer, and UBS Asset Management AG as some of the cornerstone investors for its …
China Stocks Whipsaw as Beijing Pledges Business Support
Hello, I’m Yujing Liu with the economy and government team based in Beijing, and along with colleagues will bring you all the news and analysis on how markets participants react to China’s finance ministry briefing…
Tim Walz’s continuing contact with China is ‘very disturbing’: Gordon Chang
Gatestone Institute senior fellow Gordon Chang reacts to Democratic vice presidential nominee Gov. Tim Walz’s alleged ties to China on ‘Mornings with Maria.’
China Targets European Firms in Anti-Subsidy Probe into EU Dairy
China on Monday singled out Dutch firm FrieslandCampina as well as French and Italian companies in an anti-subsidy probe into dairy imports from the European Union, after lawmakers from these countries voted for tariffs on…
Asia’s IPO bankers look beyond China slump with US$6 bil week
Listings from Hyundai Motor Co.’s India unit, subway operator Tokyo Metro Co. and Rigaku Holdings Corp. will push IPO volumes in Asia Pacific excluding China past $28 million.
Exclusive: HSBC probes China Pinnacle wealth business on costs and control, say sources
HSBC Holdings Plc is reviewing expenses and operational controls at its China digital wealth business Pinnacle, in a move that could result in layoffs and mark an abrupt reversal of the lender’s …
A China ‘Tsunami’ Has Suddenly Hit Crypto As The Bitcoin Price Smashes $65,000
Bitcoin Bitcoin and crypto have surged after China announced it would further support its economy with monetary stimulus—adding to a BlackRock-fueled boom. The bitcoin price has topped $65,000 per …
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