Despite profit decline in the first eight months of 2022, China’s industrial firms are on the right track to profit recovery with improved industry structure and government policy support. Industrial …
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Deal Watch: Where Did All the IPOs Go?
Davis Polk partner Roshni Banker Cariello said inflation, geopolitical strife and poor market performance by companies that went public last year have all contributed to the slow IPO market this year.
China says it busted US$5.6B crypto money laundering ring
Chinese police have busted a large criminal group allegedly behind a 40 billion yuan (US$5.6 billion) crypto money laundering case, as the country steps up efforts to combat illicit fund flows. See …
China Faces Growing Pressure to Stabilise Imports, Exports: Vice Commerce Minister
China is facing growing pressure to stabilise its imports and exports and the major challenge is the slowing growth of external demand, vice commerce minister Wang Shouwen said at a press conference …
Vietnam’s steel exports to China nosedive
China is no longer a major export market for Vietnamese-made steel, as revenue from steel shipments to the northern neighbor has plummeted, the General Department of Vietnam Customs reported. Vietnam …
China’s Renewables Growth Lifts Copper Demand as Housing Falters
China’s rapid build-up of clean energy is claiming more copper, supporting the market at a time when traditional sources of demand like housing are in the dumps.
China Business Risks Likely To Keep Rising After Party Congress, Scholar Says
Foreign companies doing business with China that have endured heightened risks this year from geopolitical tension and Covid-19 pandemic fallout aren’t likely to get much of a break after the …
China’s Economic Recovery Faces Fresh Risks From Global Slowdown
China’s shaky recovery continued in September, with a pickup in car and homes sales in the biggest cities compensating for weaker global demand and falling business confidence.
TikTok-Ing Off High Valuation, ByteDance Offers To Buy Out Early Investors
ByteDance, of TikTok fame, has been the subject of numerous IPO rumors. What’s the best way to quiet noisy shareholders? Click here to find out.
Investors bank on China’s alternatives to Nvidia’s auto chips
In China, a crop of homegrown chip companies has popped up as Beijing strives to decouple from America’s advanced technology and manage sanctions risks, which have crippled Huawei’s lucrative …
China offers $9b to businesses to maintain jobs
BEIJING – China has stepped up efforts to save jobs this year, with some 64.63 billion yuan ($9.19 billion) having already been offered to businesses this year. Unemployment insurance refunds totaling …
China busts operation laundering up to $5.6 bln via cryptocurrency
Authorities in China’s southern Hunan province have cracked down on a large money laundering criminal group, suspected of laundering up to 40 billion yuan ($5.61 billion) through virtual currency …
Chinese demand for grain imports takes tumble
There is some troubling demand news coming out of China, the world’s largest importer of grains and oilseeds. Reuters reports that the country’s January …
