A rapid slowdown in Chinese oil-demand growth is driving down global consumption, reinforcing expectations that demand will peak by the end of the decade, the International Energy Agency said. The Paris-based organization forecasts this year’s…
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Business News LIVE Updates Today September 12, 2024: China detains investment bankers, takes passports amid increased crackdown
Read more news like this on HindustanTimes.com …
How China has ‘throttled’ its private sector
Venture capital finance has dried up amid political and economic pressures, prompting a dramatic fall in new company formations …
Foreign carmakers also have a China overcapacity problem
Although about 80 per cent of China’s auto exports are cars with internal combustion engines, the boom in Chinese uptake of low-cost, high-tech electric vehicles has drawn protectionist reactions from …
China detains investment bankers, takes passports amid increased crackdown
China’s crackdown on investment bankers intensifies with the detention of top executives, raising concerns over the $1.7 trillion brokerage industry.
China detains investment bankers, takes passports in corruption sweep
This is part of other measures under President Xi Jinping’s years-long common prosperity campaign. Read more at straitstimes.com.
Appliance Giant Midea’s Big Hong Kong Debut to Set Tone for IPO Revival
Hong Kong’s biggest listing in more than three years presents a major test for the city’s struggling market for initial public offerings.
China detains investment bankers, takes passports amid increased crackdown on dealmakers
Sun Jianbo, president and founder of Beijing-based asset manager China Vision Capital, said the industry consolidation and regulatory crackdown suggest China’s going in the right direction to reshape …
US businesses’ optimism in China falls to record low, survey shows
Political tensions, China’s slowing economic growth and fierce domestic competition are sapping the confidence of U.S. businesses in the country, with optimism about their five-year outlook falling to a record low,
China trade chief set for talks on trade in Italy next week
China’s top trade official will arrive in Italy next week for talks, an Italian government source said on Wednesday, as Beijing seeks to persuade European Union members to reject proposed EU tariffs on Chinese electric…
US lawmakers urge Biden to close tariff ‘loophole’ for Chinese small package imports
A majority of Democratic U.S. House of Representatives members on Wednesday urged President Joe Biden to use his executive powers to end a tariff “loophole” for low-value packages that they say are …
China’s Exports Surge Amid Weak Domestic Economy, Raising Global Concerns
In August, China’s exports surged by nearly 9%, reaching $309 billion, the highest since September 2022, while imports remained stagnant at 0.5%. The strong export growth provided a rare boost to …
US seizes over 350 websites used to import gun parts from China
U.S. authorities said on Wednesday they had seized more than 350 websites selling gun silencers and parts from China used to covert semiautomatic pistols into fully automatic machine guns.
