It plans to open at least 10 plants during China’s 14th Five-Year Plan period (2021-25) to ramp up its production capacity in the nation to meet growing demand. “Over the years, the opening-up …
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China’s Communist Party exerting tighter control over the country’s internet giants
“Who is going to stand up and say to Xi Jinping, ‘Your policy is going to be harmful to China’? ” asks Chinese politics specialist at London institution.
China’s Service Trade Further Expands in First Eight Months
China’s service trade went up 9.4 percent year on year to top CNY3.27 trillion (about USD504.21 billion) in the first eight months of the year, the Ministry of Commerce said yesterday. Of the total, …
Chinese-owned Volvo navigating toward IPO on Stockholm stock market
Details are expected Monday on a deal that could see the Swedish-based car company valued at some $25 billion.
IPO frenzy: 35 companies may raise Rs 80,000 crore in Q3
As many as 35 companies are planning to raise a record Rs 80,000 crore in the third quarter if the market remains stable, bankers said. In comparison, the previous record for a calendar year was…
Busiest summer for Asia IPOs on record with US$56bil in deals
Asia has had its best third quarter on record for initial public offerings (IPOs), even with Hong Kong turning quiet as many firms put listing plans in the regional powerhouse on hold amid China’s …
China’s counterproductive crackdown on the rich is risky business
The CCP’s efforts to control the private sector will deter innovation and investment. It will make transitioning towards a high-skilled, high-wage domestic economy much harder.
China Steps Up Efforts to Ring-Fence Evergrande, Not to Save it
As China Evergrande Group edges closer to a massive restructuring, Beijing has stepped up efforts to limit the fallout, signaling it’s willing to prop up healthy developers, homeowners and the real …
Lower silicon production in China may increase chip production costs
A surge in pricing for silicon metal may become a big issue for Apple and other major manufacturers, with production cuts in China shooting up the price of the material by 300% in less than…
Meat exports up as supply and demand favours NZ farmers
Red meat exports increased by more than a quarter in August compared to the same month last year, hitting historical highs, Meat Industry Association show. Overall exports for August reached $650 …
China coking coal, coke shortages, steel restrictions support scrap prices
Ferrous scrap prices may be seeing increasing support from demand in China to decarbonize, improve air emissions, and restrict steel output growth, as tight supplies of coking coal, met coke and …
China is being choked by Xi Jinping’s crackdown
Coal. Meat. Wine. Cash. Beijing paints itself as playing a powerful game of coercive diplomacy. But the price may be a homegrown economic reckoning – with Chairman Xi Jinping’s authoritarian acts …
How World Bank’s Doing Business ranking unravelled
Most of us know that the World Bank has discontinued its annual Doing Business study, which produced the Ease of Doing Business index, traditionally seen both as a prestige marker and a significant …
