China was dethroned as the top source of US imports in 2023, for the first time in 17 years, after being outpaced by Mexico, according to US Census Bureau data. “The share of US imports…
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Geely-backed smartphone maker DreamSmart taps CICC, Huatai for potential Hong Kong IPO, sources say
DreamSmart, the start-up behind smartphone brand Meizu, may seek a valuation of more than US$2 billion for a potential Hong Kong share sale this year, sources say.
Geely-Backed Phonemaker Taps Banks for IPO at $2 Billion Value
DreamSmart Group, the smartphone maker that last year pivoted toward developing artificial intelligence for mobile devices, has selected banks to prepare for its Hong Kong initial public offering that …
China’s aromatics building boom rattles the petrochemical industry
The country’s massive oil-to-chemical complexes have led to oversupply in polyester, nylon, and other aromatic-derived chemicals …
China’s Global South Exports Surge In 1St 2 Months
Brazil (+37.1%), and South Africa (14.8%), as well as Vietnam (+28.4%) and Indonesia (+22.2%). China’s exports to the Global South surpassed exports to all developed markets during late 2022 and 2023, …
China’s new development, world’s new opportunities
The continuous improvement of the international brand power of Chinese enterprises is inseparable from the core innovation ability. In the 2023 Global Innovation Index, China was the only …
Tech War Crossfire: Middle Eastern Companies May Be Forced To Choose Between China And The U.S.
Abu Dhabi AI firm G24 was pressured into divesting its China investments to further its relationship with the U.S. As the Sino-U.S. tech war deepens, more tech firms may have to follow suit and choose…
How China’s Self-Development is Reshaping the Global Arms Market
China’s weapon imports have significantly decreased. As China’s ability to develop weapons has improved, it appears to accelerate its domestication. On the 11th, the South China Morning Post (SCMP) in …
Crypto gets blamed for a real-life currency crisis
Nigeria held two Binance senior employees, an American and a British-Kenyan national, and accused the crypto exchange of undermining the nation’s currency.
Exclusive: Chinese Premier Li to skip meeting with global CEOs at key business summit
Chinese Premier Li Qiang does not intend to hold a meeting with visiting foreign CEOs at the upcoming China Development Forum (CDF) in late March, three sources briefed on the matter said, raising …
Lotus Stock Declines by 40% Post-IPO Amid Geely’s Global Expansion Strategy
Lotus Tech’s debut on the public market hasn’t unfolded as smoothly as Geely anticipated. Within just two weeks of its listing on Nasdaq, shares have plummeted nearly 40%, dropping from $13.80 at the …
China releases draft determination flagging potential lifting of tariffs on Australian wine imports after dropping meat sanctions
The Australian wine industry could be set to rejoice after an interim draft determination from the Chinese Ministry of Commerce proposed the lifting of detrimental tariffs.
China’s richest person has a new headache: Nationalist Chinese social media users are claiming his bottled water brand Nongfu Spring is pro-Japan
Zhong Shanshan, China’s richest person, knows the value of a corporate reputation. He built Nongfu Spring, his bottled water company by arguing that he got his water direct from the source, making it …
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