“I have never heard any Indian entity paying in yuan for international trade in the last 25 years of my career,” a currency trader told Reuters.
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Volkswagen CEO says German economy needs China – Spiegel
Inflation would spiral even further in Germany if it weren’t for business with China, Volkswagen Chief Executive Herbert Diess said in a media interview published on Thursday.
British-based business leaders optimistic about future China-West cooperation
British-based business leaders have expressed their optimism about the future China-West cooperation despite uncertainties caused by COVID-19. Frederick Fisher, the UK managing director of French …
UK PM Johnson: Sometimes we need to challenge what China is up to
Britain and the West need to ensure it has balance in its dealings with China and is willing to stand up to Beijing where necessary, Prime Minister Boris Johnson said on Thursday.
China refunds 12.9 bln yuan of unemployment insurance in Jan.-May
China has refunded a total of 12.9 billion yuan (about 1.92 billion U.S. dollars) of unemployment insurance paid by enterprises in the first five months of 2022, in a bid to maintain employment …
China reports surplus in international goods trade in May
China reported a surplus in its international goods trade in May, data from the State Administration of Foreign Exchange showed on Thursday. Trade in goods exports came in at 1.8662 trillion yuan (278 …
Rubber groups aim to cut China reliance
As China cuts down on its purchase of rubber from Vietnam, the latter has witnessed a sharp decline in its rubber market share in China. China is the world’s largest rubber importer, Le Toan At…
China looks to launch liquid propellant rockets from the seas
Chinese state-owned and commercial companies are developing capabilities to launch liquid propellant rockets from sea platforms to boost the country’s launch options.
Tianqi Lithium’s market ‘reopening’ IPO flies off shelves
Books on Tianqi Lithium’s initial public offering were covered on the first day of bookbuilding, with some ECM bankers viewing the interest in the deal, and its possible success, as a signal of a …
CICC: China’s internationalization remains a historic opportunity
The internationalization of the Chinese capital markets will remain a long-term trend despite the current period of upheaval in global capital flows, according to Zhai Chenxi, Executive Vice President …
China AI giant SenseTime shares dive as much as 51% as lockup expires
It dropped to trade as low as HK$2.91 apiece, lowest ever and below its IPO price of HK$3.85. Read more at straitstimes.com.
China’s manufacturing PMI rebounds to expansion zone
China’s factory activities returned to expansion territory in June after three consecutive months of contraction, showed official data released Thursday (June 30), indicating that the world’s …
Wardrobing in China Poses a Real Risk to Fashion
Wardrobing, also known as fraudulent returns or deshopping, is gaining momentum in China. What can brands and retailers do about it?
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