Profits of China’s major industrial firms rose 8.5 percent year on year in the first quarter of 2022, official data showed on Wednesday. Industrial firms each with annual main business revenue of at …
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China paying price for sitting on fence in Russia-Ukraine conflict: Blinken
China is paying a “reputational cost” for sitting on fence on Russia’s invasion of Ukraine, US Secretary of State Tony Blinken told lawmakers on Tuesday.
Viewpoint: China COVID policies to squeeze flow of European exports to North America
China’s zero-COVID measures will make it harder for European exports to reach the East Coast because empty containers aren’t getting where they’re needed.
China monitors the metaverse with state-backed NFT network
China is launching a state-backed NFT network with the purposes of extending its controls over the internet as it morphs into Web3, according to Reuters. Without specifically using the term NFT, China …
Texas Instruments braces for 10% revenue hit from China lockdowns
The Dallas-based chipmaker dodged questions about whether the situation in China would exacerbate computer chip shortages.
Crisis or hiccup? Assessing the logistics impact of China lockdowns
COVID lockdowns in major Chinese cities are bottling up freight shipments, but the full impact on global trade won’t be clear until this summer.
China needs open capital markets for yuan to be global currency, IMF’s Gopinath says
WASHINGTON, April 26 (Reuters) – If China wants its yuan to become a globally used currency … reaching billions of people worldwide every day. Reuters provides business, financial, national and …
China fast becoming leading vehicle exporting nation
China is fast becoming one of the world’s major vehicle exporting countries, with overseas shipments continuing to surge in the first two months of 2022 – by 75% to 410,000 units according to data …
Oil rebounds on China’s plans to support its economy
“at-above-post addthis_tool” data-url=” -Oil prices rebounded in volatile trading on Tuesday as the market weighed China’s plans to support its economy against a possible coronavirus lockdown in its …
China’s steel body urges traders to rein in exports amid higher global prices
China’s steel association urged trading companies on Monday not to ramp up exports to take advantage of soaring global prices, and instead prioritise catering to domestic demand. BEIJING, April 25 …
Bezos goes after Musk on China — but they both have dealings there
Jeff Bezos’s attempts to ding his longtime rival Elon Musk over his Chinese business ties following Musk’s purchase of Twitter backfired when Amazon’s own troubled foray into China got called out.
China’s shutdowns are hurting bad
Swathes of Shanghai, China’s financial capital, have already been under a ruthlessly tight lockdown for weeks, aggravating supply-chain disruptions globally. And now it looks like Beijing may be …
China to enhance IPR protection to create better business environment
China will enhance the protection of intellectual property rights (IPR) and create a fairer, more transparent and more predictable business environment for foreign-funded enterprises, an official said …
