Former President Donald Trump thumps Vice President Harris in name recognition and cache, but analysts say Beijing sees both as bad news.
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WeRide’s IPO: Declining Revenue And Mounting Losses Raise Concerns
WeRide develops autonomous driving technologies in China, and is seeking public capital investment for expansion. Read more to see my analysis on WRD IPO.
In China, Trump has cachet but few see U.S. ties improving under him or Harris
Former President Donald Trump thumps Vice President Harris in name recognition and cache, but analysts say Beijing sees both as bad news.
China to abolish temporary export control of some consumer drones
China will amend drone export controls from Sept. 1, including abolishing temporary export controls for certain consumer drones, to help safeguard the security of global industrial supply chains, a …
Skadden and Commerce & Finance Advise on Chinese Robotaxi Firm’s $100M US IPO
WeRide’s debut would follow that of industry counterpart, Zeekr Intelligent Technology Holding Ltd., which raised $440 million earlier this year.
China Expands Military Drone Export Curbs After Ukrainian Visit
China has adjusted its export controls on drones intended for military use, as Beijing faces growing criticism from the US and it allies over bolstering Russia’s battlefield efforts in Ukraine.
Steel ministry seeks probe into cheaper imports from China, Vietnam
India’s Ministry of Steel has asked the trade ministry to investigate cheaper steel imports from China and Vietnam amid rising imports. India turned net steel importer in FY23, with imports reaching a …
ASML, Tokyo Electron jumps on report US will exempt allies from China chip restrictions
Semiconductor stocks soar as the Biden administration plans to exempt Japan, Netherlands, and South Korea from export restrictions, targeting Chinese chipmakers. Key players like ASML and Tokyo Electron see significant stock gains.
China’s Consumer Woes Mount as Weak Spending Slams Global Brands
President Xi Jinping’s government is facing growing pressure to address China’s consumer spending downswing, as it becomes one of the biggest threats to global economic growth.
Brands from Starbucks to LVMH are really hurting in one big market
Brands like Starbucks, LVMH, and L’Oreal struggled in China last quarter as consumer spending dropped. Chinese consumers are saving more and spending on experiences over products. Starbucks plans to …
China’s manufacturing activity contracted in July, the monthly Purchasing Managers’ Index says
A closely watched measure of Chinese manufacturing activity remained negative in July as concern persists about the state of the world’s second largest economy.
China PMIs Signal Continued Softness in Manufacturing, Slowdown in Services
China’s manufacturing activity extended its decline for a third consecutive month in July, as both production and market demand fell.
Asia markets mostly climb as investors assess China business activity data, await Bank of Japan rate decision
Japan’s Nikkei 225 fell as the country’s central bank raised benchmark interest rates to around 0.25%. This marks the first time since 2008 that Japan’s benchmark interest rate stands higher than 0.1% …
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