It wants to focus on a batch of smaller enterprises occupying key supply chain nodes to upgrade its manufacturing sector.
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China lets Foxconn, some construction sites resume work in COVID bubbles
China is allowing Apple Inc supplier Foxconn’s Shenzhen operations and construction sites in Shanghai to resume work on condition that their employees live and work in a bubble arrangement against …
Exclusive-Tesla halts work at Shanghai factory for two days amid China COVID curbs – notice
“at-above-post addthis_tool” data-url=” (Reuters) -Electric vehicle giant Tesla is suspending production at its Shanghai factory for two days, according to a notice sent internally and to suppliers, …
Guangdong releases promising import, export data
Guangdong’s import of bulk commodities, including grains, crude oil and natural gas, witnessed big growth in the first two months of the year, indicating demand remained strong in the prosperous …
China to send arms to Russia? Hear voices from Kyiv and Moscow
Whether China did or didn’t supply arms to Russia? Listen to Ukrainian analyst Iliya Kusa and Russian security expert Mark Sleboda’s takes on the Financial Times report that went viral. Wang Guan: The …
Bitcoin and Ethereum end losing streaks as China vows to boost economy
Bitcoin and Ethereum snapped five days of losses, mirroring gains in equity markets and Asian tech stocks after China pledged to boost its economy. The largest coin by market cap climbed 2.71% to …
Kaisa Prosperity Shares Fall to Lowest Level Since IPO
By Anniek Bao Shares of Kaisa Prosperity Holdings Ltd. fell to their lowest intraday level since listing more than three years ago after the company …
China tries to calm markets by pledging support for economy
China’s leaders are trying to calm jittery investors by promising more help for its struggling real estate industry, internet companies and entrepreneurs who want to raise money abroad …
China vows to stabilize markets and economy
China will keep the markets stable with favorable policies, China’s Financial Stability and Development Committee said on Wednesday amid the recent market turmoil.
China seeks to calm markets with promise of economic support
China’s government tried Wednesday to reassure jittery investors by promising support for its struggling real estate industry, internet companies and entrepreneurs after regulatory crackdowns caused s …
Reeling from China’s crackdown, Alibaba and Tencent readying big job cuts-sources
Alibaba Group and Tencent Holdings are preparing to cut tens of thousands of jobs combined this year in one of their biggest layoff rounds as the internet firms try to cope with China’s sweeping …
Hang Seng, China Stocks Soar as Beijing Pledges Support Amid Equity Rout
Crypto remains stable, though liquidity thin, as markets in Hong Kong climb out from the worst slump since the 2008 recession.
Hong Kong shares soar 9% on China pledge to support economy
Hong Kong’s share benchmark, the Hang Seng index, soared 9% on Wednesday after a senior Chinese official said Beijing would provide more support for the slowing Chinese economy. The surge was a …
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