The purchasing managers’ index (PMI) for China’s manufacturing sector came in at 49.6 in September, edging down from 50.1 in August, data from the National Bureau of Statistics (NBS) showed Thursday.
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U.S. should do ‘exact opposite’ of China on crypto, says Andreessen Horowitz’s Katie Haun
At CNBC’s Delivering Alpha conference on Wednesday, investor Katie Haun said the U.S. should see China as a cautionary tale when it comes to regulating crypto.
Foreign businesses in China rattled by ‘hostage diplomacy’
Huawei executive Meng Wanzhou’s return from Canada this week was lauded as a diplomatic triumph in China, but the celebrations left a bad taste for the expat business community, already rattled by the …
China factory activity shrinks for first time since February 2020
Chinese factory activity contracted in September for the first time since the height of its initial coronavirus outbreak in February 2020, official data …
Power cuts roil China, threatening growth and supply chains
From southern factories hustling to meet Christmas export orders to residents of northern towns panic buying candles, China is suffering widespread power cuts that threaten growth in the world’s …
China factories contract for first time since pandemic began
China’s factory activity contracted in September for the first time since the pandemic began last year, a sign of the damage a widespread electricity crunch is having on an already slowing economy.
IPOs slow down globally in Q3 after frenetic 2021 start
Initial public offerings (IPO) globally slowed in the third quarter of 2021 from their previous frenetic pace, but the number of listings in the first nine months of the year still was the highest …
China ready to export supersonic cruise missile
China is ready to export one of its mightiest weapons－a submarine-launched supersonic cruise missile system that has been deployed by the Peoples Liberation Army Navy.
Demand from China bolsters New Zealand’s red meat exports to record high
New Zealand’s red meat exports increased by more than a quarter in August compared to the previous year, with China remaining the largest market, showed the latest data released by the New Zealand …
China manufacturing unexpectedly shrinks, services offer support
China’s factory activity unexpectedly shrank in September due to wider curbs on electricity use and elevated input prices, while services returned to expansion as COVID-19 outbreaks receded, offering …
Taiwan sees upside from China power curbs if orders shifted
Taiwan may benefit from orders being shifted to the island if China’s power curbs lead to the country’s exports being impacted, Taiwan Central Bank Governor Yang Chin-long said on Thursday.
China 2022 import quota for corn, wheat same as previous year -state planner
China on Thursday set its low tariff rate quota for wheat, corn and rice imports in 2022 at the same volumes as the previous year. The Tariff Rate Quote (TRQ) for wheat imports in 2022…
China factory activity unexpectedly shrinks, services recover
BEIJING :China’s factory activity unexpectedly shrank in September as high raw material prices and power cuts pressured manufacturers in the world’s second-largest economy, while the services sector …
