Recent Chinese data shows relatively high volumes of online sales and infrastructure building for instance, but order flows are raising “some suspicion” of “lots of stockpiling,” says Andrew Collier … ( read original story …)
Tagged By finance
FACTBOX-Bank runs among China’s small lenders on the rise
Reports of bank runs among China’s small lenders have increased this year, fuelled by persistent online speculation over funding crunches and poor corporate governance in an economy weakened by … ( read original story …)
China’s Lopsided Recovery Is Chugging Along. These Sectors Are Expected to See Robust Growth.
It may not be the growth Beijing wanted, but other parts of the world are still struggling. Real estate and autos are among the sectors that should have a strong second half in China. (…
Beijing to provide a 20 million yuan subsidy for 232 theaters to survive COVID-19
The Beijing Film Bureau, together with the Beijing Municipal Finance Bureau, will help 232 cinemas with a maximum subsidy of nearly 500,000 yuan after the preliminary evaluation. He Jinhao, a … ( read original story…
China c.bank adviser says no need to step up monetary easing -media
The People’s Bank of China does not need to step up its policy easing as an economic recovery is well under way and further stimulus could stoke property and stock bubbles, central bank policy adviser…
SMIC founder says ‘optimistic’ China can catch up with U.S. in semiconductors
The founder of China’s largest chipmaker SMIC said on Tuesday he was “optimistic” China could catch up with the United States in the next generation of semiconductors but that U.S. efforts to contain … (…
China shares extend gains as investors hold out for recovery
China stocks on Wednesday ended higher for the fourth straight session, as investors clung to hopes of a post-pandemic recovery in the world’s second-largest economy while the heavyweight services … ( read original story …)
China stocks rise as economic rebound hopes stay intact
China stocks rose marginally on Wednesday as investor confidence in the country’s economic upswing stayed intact, though a drop in financials tamed the broader market’s strength. ** At the midday … ( read original story…
OneConnect Announces Second Quarter and First Half 2020 Unaudited Financial Results
OneConnect Financial Technology Co., Ltd. (“OneConnect” or the “Company”) (NYSE: OCFT), a leading technology-as-a-service platform for financial insti … ( read original story …)
U.S., China Plan to Review Phase-One Trade Deal Mid-Month
The planned talks were reported earlier Tuesday by the Wall Street Journal. Load Error China Is Buying American But Not Enough to Hit Trade Deal Target White House press secretary Kayleigh McEnany, … ( read…
Cango Inc. Wins “Best Auto Finance Risk Management Innovation Award” at the 5th Annual China Auto Finance International Summit
PRNewswire/ — Cango Inc. (“Cango” or the “Company”) (NYSE:CANG), a leading automotive transaction service platform in China, … ( read original story …)
Reshoring Jobs To The US Versus Made In China
Rising costs in China coupled with the need to diversify supply chains due to Covid-19 have required companies to pursue reshoring strategies. However, reshoring as a strategy does not equate to being … ( read…
Why You Should Ignore China’s Fury Over TikTok
China’s warning over Trump’s “smash and grab” of TikTok is not all it seems—and that will impact what happens next. ( read original story …)
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