Shares hit as China try to quell resurgent Covid-19 outbreaks, while shares in Twitter drop after Musk tries to cancel takeover, and Uber is hit by leak …
Tagged By import
No Decision From President Biden on Lifting China Tariffs…Yet
President Biden says he has not made a decision yet on whether to lift some of the $370 billion of tariffs imposed on Chinese imports by the Trump Administration. Biden has been talking about rolling…
Hotpot chain Haidilao weighs IPO of overseas unit
Company says spin-off of Super Hi International Holding would position the unit and the parent for growth. Read more at straitstimes.com.
Xi Jinping’s Solution Is China’s Problem
If Xi Jinping’s ambition is a problem for America, it is a bigger problem for China. In addition to the lockdowns and quarantines that are a part of Xi’s desire to claim victory over Covid,…
Alibaba Stock News and Forecast: BABA, Tencent stock start week down after Beijing issues fines
Alibaba, Tencent and others were fined by for monopolistic practices. BABA stock is down 3.6% in Monday’s premarket. The fines are rather small, but they worry the market after 18 months of scrutiny.
China’s supply chain gets hit after US ban on imports from Xinjiang
After finding out that the Chinese products are produced with forced labour, the US imposed a ban on Xinjiang imports, which hit China’s supply chain …
Australian Prime Minister Anthony Albanese dismisses China’s list of demands to improve relations
Australian Prime Minister Anthony Albanese rejected a four-point plan from China to improve strained bilateral relations on Monday, saying that his country “doesn’t respond to demands.” …
EV Makers Are Gaining Ground On Tesla As China Threat Looms
Tesla market share forecasts may look bad, but the future is positive because although its share of the U.S. market is predicted to plummet in the next 4 years, sales will advance as huge numbers…
US ban on Xinjiang imports hits China’s supply chain
The Chinese manufacturing hub of Xinjiang is produced with forced labour & therefore, can’t be imported into the US unless companies are able to provide “clear & compelling evidence” to the contrary.
China authorizes use of antibody drug Evusheld
The antibody drug Evusheld was authorized to be used at the Ruijin Hainan Bo’ ao Research Hospital in the Hainan Boao Lecheng International Medical Tourism Pilot Zone last week. Hainan customs …
China’s June vehicle sales jump 24%, industry body says
China’s auto sales surged 23.8% in June from a year earlier, the first increase in four months after authorities cut taxes and offered subsidies to encourage car purchases as COVID-19 curbs eased.
Column: China’s massive stimulus talk does little for metals as confidence fades
It’s perhaps instructive of market sentiment in China that reports of a massive stimulus package barely shifted the prices of key industrial metals.
Copper slips as China COVID worries dull demand outlook
Copper prices fell on Monday, as new COVID-19 restrictions in top consumer China and fears of rapid interest rate hikes leading to a global economic slowdown dent demand for metals. Three-month copper …
