The beleaguered $40 bln Chinese ride-hailing group denied a report that it plans to go private a month after its U.S. debut. Changing course would be embarrassing and quite costly. But it may be the…
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Chinese stock rout derails IPO pipeline as regulators flex their muscles
Chinese stocks were in freefall this week after Beijing tightened rules for the for-profit education sector, sparking a fresh — and severe — bout of volatility in the equities market. While the timing …
China’s business environment at ports further optimized: customs official
China has taken a slew of measures to optimize its business environment at ports and facilitate cross-border trade, said the General Administration of Customs (GAC) on Thursday. The country has …
Column: China’s coal-fired power companies struggle amid high prices, Australia ban
China’s coal-fired power generators have seen profits evaporate amid surging domestic prices, with imports unable to provide much relief amid an ongoing unofficial ban on buying cargoes from major …
Western governments need to stop dismissing the crypto revolution as speculative and criminal, Mohamed El-Erian says
Famous economist Mohamed El-Erian said western countries risk losing out to China if they don’t start to take crypto seriously.
China Squeezes Steel Exports Again to Expand Sector Overhaul
China raised tariffs on some steel materials, and removed rebates on cold-rolled products, as authorities ramp up efforts to overhaul the sector and tame a surge in prices.The export tariff on …
In depth: the fall of China’s last bitcoin mining haven
This computational arsenal belonged to a crypto mining farm, a facility crammed with specialized computers dedicated to solving complex math problems that keep the network running, and earning new …
China raises export tariffs for some steel products again in green push
China will raise export tariffs for pig iron and ferrochrome, and remove export tax rebates for 23 steel products from Aug. 1, the second adjustment in three months as it seeks to ensure domestic …
China to raise export tariffs for some steel products from Aug. 1
China will raise export tariffs for pig iron and ferrochrome products from Aug. 1 to promote high-quality development of the steel sector, the Ministry of Finance said on Thursday. Export tariffs …
China Removes Export Rebates For Some Steel Products From August 1
UK online broker CMC Markets Plc (LON:CMCX) today issued a trading update for the period from 1 April 2021 to 30 June 2021 (Q1 2022). In Q1 2022, CMC has continued to perform … Employed…
China-Europe freight train chartered for electric device exports
A China-Europe freight train chartered for sending China’s exports of electric tools departed from east China’s Jinhua to Central Asian countries on Thursday. The first-of-its-kind train loaded with …
China IPO boom is becoming a game of two halves
Shares in China Renaissance leapt 10% on Thursday after the investment bank said its year-on-year profit would almost treble to 1.2 billion yuan ($185 million) in the six months to June. Its …
How Can Luxury Brands Earn Cultural Credibility From China’s Gen Z?
As China’s Gen Z exhibits a values-driven approach to consumerism, how can luxury players elevate their cultural credibility among this group?
