June, according to government data released Monday. That was the sharpest contraction on record, according to Reuters. ( read original story …)
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Hiring in China is still tepid, but more and more new jobs are going online
Since the coronavirus pandemic forced millions of people to stay at home, teaching students online and selling directly to consumers via live video streaming has taken off in China. ( read original story …)
National security law: pro-business lawmaker fears further sanctions for Hong Kong amid US-China tensions, calls for international promotional push
The United States could take further punitive actions against Hong Kong yet, as tensions between Washington and Beijing are only likely to intensify, a pro-business party leader has suggested.Speaking … ( read original story …)
China factory output flat, retail sales slip
China’s factory output rose just under 5% last month from a year earlier while retail sales fell slightly, suggesting the country’s recovery from the coronavirus pandemic remains muted. The data … ( read original story…
First Into the Virus Slump, China Is Proving the Fastest Out
China’s economy, the first to succumb to the coronavirus, is proving to be the fastest to recover. An industry-powered rebound is pushing the Asian nation out of the historic first-quarter slump and … ( read…
5G is the first stage of a tech war between the U.S. and China
The U.S. tech war on China continues, banning Chinese equipment from its network, and asking its Five Eyes partners and NATO allies to follow suit. It is a market and a technology denial regime that…
China unveils two-seater design for stealth plane based on J-20 fighter
China is developing a new generation two-seater stealth warplane … The report, which appeared on War Industry Black Technology, a social media platform run by Shenzhen-based Quantum Defence Cloud … ( read original story …)
China approves 6 new IPO applications
A-share market, the China Securities Regulatory Commission (CSRC) said in a statement. It did not specify the total amount of funds to be raised. The companies and their underwriters will confirm IPO … ( read…
In a U.S.-China Tech Divorce, Businesses Would Have to Pick Sides
The technology industries of the U.S. and China are in some ways deeply intertwined and in others remarkably separate. The latest actions on the part of the U.S. aim to sever what ties remain. (…
Stocks Likely to Survive the U.S.-China Decoupling
Investors have largely shrugged off the escalating tensions between the U.S. and China. They shouldn’t. Watch for these risks and opportunities. ( read original story …)
China Market Update: July Industrial Production Reaffirms V-Shaped Recovery, Baidu & IQ Report Q2 Earnings, Week In Review
Tencent Music Entertainment TME (TME US) reported strong results that were above analyst expectations for Q2 on Tuesday. Revenues increased +17.5% to $981mm (RMB 6.93B) versus estimate RMB 6.871B as … ( read original story…
Why China Unicom Stock Soared Today
Shares of China Unicom have soared today, up by 19% as of 12:15 p.m. EDT, after the company reported financial results for the first half of 2020. Its performance w … ( read original story…
A faltering U.S.-China trade deal is now the nations’ strongest link
Top U.S. and Chinese trade officials are expected to recommit to a Phase 1 trade deal during a review on Saturday, even though China’s promised purchases of U.S. exports are far behind schedule. ( read…
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