The U.S. Senate passed legislation on Wednesday to ban the import of products from China’s Xinjiang region, the latest effort in Washington to punish Beijing for what U.S. officials say is an ongoing …
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Hong Kong’s Booming IPO Market Set for Lift From China Curbs
The tailwinds lifting the Hong Kong bourse’s prospects are blowing from east and west: China is applying heavy scrutiny on overseas listings as well as its homegrown exchanges, sending companies to …
Asian shares advance as China data better than feared
Asian shares advanced on Thursday as economic data from China was largely more resilient than expected, and as U.S. Federal Reserve Chair Jerome Powell said tapering of its massive stimulus was still …
Senate Passes Bill to Curtail Imports from Xinjiang over Uyghur Forced Labor
The Uyghur Forced Labor Prevention Act, introduced by Senators Marco Rubio (R., Fla.) and Jeff Merkley (D., Ore.) and passed by a voice vote, seeks to prevent importation of all goods made in Xinjiang …
China’s economic growth slows to still-robust 7.9%
China has reported its economic growth slowed to a still-strong 7.9% over a year earlier in the three months ending in June as a rebound from the coronavirus leveled off …
Hong Kong’s booming IPO market poised for lift from China curbs
China Three Gorges Renewables Group, the year’s biggest IPO in China, first announced its intention to list in April 2020 and only started trading in June this year. Chinese regulators’ moves in the …
SSF 2021: China unlikely to allow lower grade steel scrap imports in short term
Chinese authorities are unlikely to lower barriers to allow more lower-grade scrap to enter the country, panelists said at the Singapore Steel Forum 2021 on Wednesday July 14. China imported 221,409 …
U.S. to Extend Trump-Era Halt to Economic Dialogue With China
Treasury Secretary Janet Yellen and her staff have no plans to resurrect the regular U.S.-China economic dialogue that governed ties between the two nations during the Bush and Obama administrations, …
De-Stabilizing IPOs: Didi and Robinhood
But rarely can they destabilize an industry or imperil a fast-growing sector of the economy. Yet, that may have just happened, or be about to happen, in two long-anticipated IPOs: Didi Global and …
Chinese youth snub foreign brands in favor of ‘China chic’
Of the 236 brands that drew more than 100 million yuan in sales during the midyear event, over 70% were Chinese, the company said. Luxury products in particular enjoyed a boost from affluent shoppers …
New online business is booming in China
Behind these impressive numbers is a booming online business – or we can call it “new industries, new business forms and new business models.” The “three new concepts” in China have seen significant …
Russell: Bearish or bullish? China’s variegated June commodity imports
(The opinions expressed here are those of the author, Clyde Russell, a columnist for Reuters.) China’s imports of major commodities in June presented a mixed picture of weakness and strength, …
Europe’s new tax on high-carbon imports is bad news for China
The most controversial of these proposals is the so-called carbon border adjustment, which would be the world’s first, requiring importers of certain goods to pay a tax to access the bloc. The exact …
