The fall of state firms isn’t just a result of bad management, unclear strategy and inadequate entrepreneurship,” said Mr Wang, in unusually frank remarks from a state-owned Chinese group, during an … ( read original…
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Ant IPO said to face slim chances of getting done next year
Understanding the authorities’ thinking and navigating the complex rules — some of which are still subject to change — are the biggest hurdles facing Ant. ( read original story …)
INSIGHTS | What we learned from China’s World 5G Convention
At a major annual meeting, Chinese officials predict that ultra-fast 5G networks will deliver “digital economy” growth and new tech. ( read original story …)
Trump to add China’s SMIC and CNOOC to defense blacklist: Reuters, citing sources
The directive is unlikely to deal the firms a serious blow, experts said, due to its limited scope and uncertainty about the stance of the Biden administration. ( read original story …)
China says manufacturing activity expands for ninth straight month as official PMI beat expectations
The official manufacturing PMI reading is better than the 51.5 forecast by analysts in a Reuters poll and October’s official reading of 51.4. ( read original story …)
China’s wine tariffs will have a ‘devastating impact’ on small Australian producers, trade group says
China’s commerce ministry on Friday announced preliminary anti-dumping duties ranging from 107% to 212% on Australian bottled wine imports. ( read original story …)
China’s IPO Problem: Why Can’t Shanghai Run A Public Offering?
PetroChina launched an IPO), and was valued at $1Tn. In the next 20 weeks, the share price fell 52%. The stock never recovered. Today, PetroChina’s shares are down almost 90% from the IPO price. (…
Jack Ma’s Ant IPO Unlikely To Happen Before 2022 Over New Regulatory Hurdles: Report
Alibaba Group Holding Ltd (NYSE: BABA)-backed Ant Group is unlikely to be able to hold its suspended initial public offering before 2022, Bloomberg reported Sunday. What … ( read original story …)
Three firms team up for high-end auto brand
Contemporary Amperex Technology Co Ltd, a Chinese battery maker, will cooperate with Huawei Technologies Co, a technology giant, and Changan Automobile, a vehicle maker, to build a brand-new high-end … ( read original story …)
China’s manufacturing accelerates in November
China’s manufacturing activity accelerated in November as its rebound from the pandemic gained strength, a survey showed Monday, while the United States and Europe struggled with rising infections and … ( read original story …)
In his own words: German ambassador to China on Hong Kong, the economy and the Indo-Pacific
Berlin’s China envoy Clemens von Goetze reflects on a challenging year for bilateral relations and the future outlook. ( read original story …)
Ant IPO Is Said to Face Slim Chances of Getting Done Next Year
The chances that Jack Ma’s Ant Group Co. will be able to revive its massive stock listing next year are looking increasingly slim as China overhauls rules governing the fintech industry, according to … (…
Treasury Diverts Penfolds From China as 169% Duties Bites
Treasury Wine Estates Ltd. unveiled an emergency plan to find new markets for its best-known labels including Penfolds after China imposed crippling anti-dumping duties of 169% on its wine over the … ( read original…
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