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China steps up efforts to adapt as US-led ‘reshoring’ campaign seems set in stone
As the United States appears unlikely to back down in its efforts to relocate manufacturing away from China, a recalibration of priorities has been suggested to accommodate the new status quo.
China’s service trade up 9% in Jan-Nov 2023
China’s total service import and export volume grew 9 percent year on year in the first 11 months of 2023, data from the Ministry of Commerce showed Thursday. The service trade volume exceeded 5.89 …
Fake news crypto panic, Binance gains users as market share falls? Asia Express
How did Binance gain users as its market share fell? Plus fake screenshot causes crypto panic in China, and Matrixport fallout. Asia Express.
China’s NEV industry ends 2023 on upbeat note, eyeing stronger growth in 2024
China has been working to unleash its domestic NEV consumption potential at every level over the last year. In a major move, it extended its preferential purchase tax policy for NEVs to the end of…
How China’s BYD Beat Tesla at Its Own Game
In this Bloomberg Originals mini-documentary, we show how a battery-maker grew to be the world’s biggest seller of electric cars.
China tops foreign spenders at Trump businesses during his presidency, report reveals – live
China spent nearly $5.6m at Trump Tower in New York City, and at his two Trump International Hotels in Washington DC and Las Vegas …
Gazprom discloses surging gas exports to China, but volumes still fall far short of lost EU market
Natural gas supplies to China via the Power of Siberia pipeline have surged by 1.5 times since the beginning of 2024, Russian media agency Interfax reported on Jan. 4.
1st LD-Writethru: China’s service trade up 9 pct in Jan-Nov 2023
BEIJING, Jan. 4 (Xinhua) — China’s total service import and export volume grew 9 percent year on year in the first 11 months of 2023, data from the Ministry of Commerce showed Thursday. The service…
Two of China’s bubble tea giants are gearing up for IPOs
Hong Kong CNN — Two of China’s most popular bubble tea brands are preparing to go public. Mixue Group and Guming Holdings — which are known for drawing crowds for their unique beverages, such as…
Alibaba’s Future Hangs In Balance As Shares Drop 75% From 2020 High And Cloud IPO Cancellation
The future of Alibaba Group Holding Ltd (NYSE:BABA) hangs in the balance as the company grapples with a plummeting share price and the withdrawal of its cloud unit’s IPO. What Happened: Alibaba’s …
China’s services activity expands at quickest pace in 5 months in December thanks to rise in new business
China’s Caixin/S&P Global services purchasing managers’ index (PMI) rose to 52.9 in December, up from 51.5 in November, data released on Thursday showed.
Xi Jinping’s Government Sends Mixed Signals, Leaving Investors Perplexed About China’s Foreign Business Relations
Investors’ confidence in China’s economy is waning due to the government’s unclear stance on security and the economy, resulting in a significant drop in foreign direct investment. What Happened: The …