We felt the market value of cryptocurrencies would tumble 20% in 2023 as hype about digital money cooled off. In the end, we were too cautious. Based on our calculations, cryptocurrencies lost roughly …
Tagged By import
China says its imports, exports are estimated to have hit new highs in 2022
China’s imports and exports are estimated to have reached new highs in 2022, Shu Jueting, a Ministry of Commerce spokesperson, told a media briefing on Thursday. The increasing risk of a global …
Clouds might be scattering in China’s venture capital world
The outlook of investing in China is suddenly brightening up as the country gradually phases out its draconian zero-COVID policy, which has caused disruptions in businesses of all kinds and kept the …
Lighting maker Signify cuts 2022 outlook again on China, business lighting
Signify, the world’s biggest maker of lights, on Thursday again cut its full-year profit margin and sales guidance, citing a steeper slowdown in China than expected and lower demand for professional …
Lights maker Signify cuts its 2022 outlook again on lower consumer demand, China
Signify , the world’s biggest maker of lights, on Thursday again cut its full-year profit margin and sales guidance, citing a steeper slowdown in China than expected and a lower demand from businesses …
China’s 2022 auto sales rise 9.5% but growth weakening
China’s auto sales rose 9.5% last year as electric vehicle purchases nearly doubled, but demand in the global industry’s biggest market slumped in December, foreshadowing weaker growth …
China lockdown hits Uniqlo parent’s first-quarter profit
Fast Retailing, the parent company of Japanese clothing giant Uniqlo, said Thursday its net profit for the first quarter slid 9.1 percent because of the Covid-19 lockdown in China. “(The) result was …
China’s exports seen cooling further in December on weak global demand, COVID woes: Reuters poll
China’s export and imports are expected to have continued to struggle over December, due to the spread of COVID-19 in the country disrupting production lines and waning demand both at home and abroad, …
US and Japan agree to step up security cooperation amid China worries
The agreement follows nearly a year of talks and comes after Japan last month announced its biggest military build-up since World War Two.
China’s visa freeze disrupts Japanese, Korean business plans
On Wednesday, Chinese officials followed up by halting port visas and visa-free transit through China for Japanese and South Korean citizens. Chinese foreign ministry spokesperson Wang Wenbin defended …
China remains largest trading partner: GDCE
Mainland China once again emerged as Cambodia’s largest merchandise trading partner last year, with a volume of $11.686 billion – up 4.39 per cent over 2021 – of which Chinese exports to the Kingdom …
Easing of Covid restrictions in China provides boost to economic recovery
This is, to a certain extent, confirmed by the Caixin China General Services Business Activity Index, which gives an independent snapshot of operating conditions in services industries such as retail …
China’s reopening will boost many sectors in Hong Kong’s property market: Real estate services firm
Hannah Jeong of Colliers Hong Kong says it’s cautiously optimistic on the city’s property market. Got a confidential news tip? We want to hear from you. Sign up for free newsletters and get more CNBC…
