Category: Chinas
-
China’s BYD opens EV factory in Thailand, first in Southeast Asia By Reuters
•
Written by Chaiyut Sittbonsarng RAYONG, Thailand (Reuters) – China’s BYD opened an electric vehicle factory in Thailand on Thursday, the company’s first in Southeast Asia, a fast-growing regional market for electric vehicles where it has become the dominant player. “Thailand has a clear vision for electric vehicles and is entering…
-
China’s June factory activity contracts again, services slows By Reuters
•
By Joe Cash and Ellen Chang BEIJING (Reuters) – China’s manufacturing sector activity fell for the second straight month in June while services activity fell to a five-month low, an official survey showed on Sunday, keeping calls for more stimulus alive as the economy struggles to return to normal. Its…
-
L’Oreal adjusts global beauty forecast amid China’s market volatility By Investing.com
•
Investing.com – Analysts at Evercore highlighted L’Oreal’s (EPA:) decision to revise its global cosmetics market growth forecast from 5.0% to a range of 4.5-5.0%. The revision comes in response to market volatility in China and a “slightly negative” shopping festival on 6.18. L’Oréal shares fell following the announcement from CEO…
-
Tencent’s ‘Dungeon & Fighter’ game dominates China’s mobile download charts By Reuters
•
BEIJING (Reuters) – Tencent Holdings Ltd’s newly launched Dungeon & Fighter (DNF Mobile) game has had a strong start, dominating the top-grossing charts on Apple Inc’s iOS platform in China for nearly a month, industry data showed. The game, which launched in the world’s largest gaming market on May 21,…
-
Hedge Funds’ Bullish Copper Bets Run Into China’s Slowdown
•
Breadcrumb links BMN Business Copper rose to a record high amid a wave of hedge fund money. The big question now for the bulls is when Chinese buyers will return. Article writer: Bloomberg News Bloomberg News Posted on June 23, 2024 • 6 minute read You can save this article…
-
Commodity Roundup: Oil ticks lower as China’s factory output disappoints, gold down
•
Energy markets fell on Monday at the start of a holiday-shortened week, following the biggest weekly gain for crude oil in nearly two months, as traders assessed the demand situation and factory production data in China, while the escalating crisis in the Red Sea was on the verge of collapse.…
-
China’s Wuhan Tianyu says inclusion on US sanctions list may impact forex transactions By Reuters
•
BEIJING (Reuters) – Chinese information industry firm Wuhan Tianyu said on Sunday that the United States’ inclusion of it on the sanctions list was a “unilateral” act that could affect the data security company’s foreign exchange settlements. The US Treasury Department on Wednesday expanded sanctions aimed at curbing Russian military…
-
China’s Premier Li arrives in Australia, says ties ‘back on track’ By Reuters
•
Written by Kirsty Needham SYDNEY (Reuters) – Chinese Premier Li Qiang arrived in Australia on Saturday, saying relations were “back on track” at the start of the first visit by a Chinese premier to the major trading partner in seven years. Australia is “uniquely positioned to connect West and East”…
-
China’s Premier Li arrives in Australia, says ties ‘back on track’ By Reuters
•
Written by Kirsty Needham SYDNEY (Reuters) – Chinese Premier Li Qiang arrived in Australia on Saturday, saying relations were “back on track” at the start of the first visit by a Chinese premier to the major trading partner in seven years. Australia is “uniquely positioned to connect West and East”…
-
China’s consumer prices rise less than expected in May, PPI deflation eases
•
Funtap/iStock via Getty Images China’s consumer prices rose at a steady rate in May, while producer price deflation moderated slightly, indicating that measures taken by the Chinese government to stimulate the economy are beginning to show positive results. China’s annual inflation rate was 0.3% in May 2024, unchanged The index…
-
China’s consumer prices rise less than expected in May, PPI deflation eases
•
Funtap/iStock via Getty Images China’s consumer prices rose at a steady rate in May, while producer price deflation moderated slightly, indicating that measures taken by the Chinese government to stimulate the economy are beginning to show positive results. China’s annual inflation rate was 0.3% in May 2024, unchanged The index…
-
US lawmakers call to add China’s CATL, Gotion to import ban list, WSJ reports By Reuters
•
(Reuters) – A group of Republican lawmakers said Chinese battery companies CATL and Gotion High Tech should immediately be added to a U.S. import ban list, alleging their supply chains use forced labor, the Wall Street Journal reported. Lawmakers called for CATL and Gotion, which have ties to Ford (NYSE:)…
-
China’s First Crypto Fraud Trial Ends With Student’s 4-Year Prison Sentence
•
In a groundbreaking case that attracted significant attention in China, a university student named Yang Qichao was sentenced to 4 years and 6 months in prison and fined 30,000 yuan ($41,000) for “fraud” in issuing a cryptocurrency called BFF on Binance’s BNB chain. . The case, which took place in…
-
China’s First Crypto Fraud Trial Ends With Student’s 4-Year Prison Sentence
•
In a groundbreaking case that attracted significant attention in China, a university student named Yang Qichao was sentenced to 4 years and 6 months in prison and fined 30,000 yuan ($41,000) for “fraud” in issuing a cryptocurrency called BFF on Binance’s BNB chain. . The case, which took place in…
-
Central banks turn cautious on China’s yuan, keen on dollars and gold By Reuters
•
Written by Alun John LONDON (Reuters) – More global reserve managers intend to increase exposure to the currently high-yielding U.S. dollar as their interest in it deteriorates due to lower yields and geopolitical tensions, the official forum of monetary and financial institutions said. Data from a survey conducted by the…
-
Central banks turn cautious on China’s yuan, keen on dollars and gold By Reuters
•
Written by Alun John LONDON (Reuters) – More global reserve managers intend to increase exposure to the currently high-yielding U.S. dollar as their interest in it deteriorates due to lower yields and geopolitical tensions, the official forum of monetary and financial institutions said. Data from a survey conducted by the…
-
China’s manufacturing surges, Caixin PMI shows, but global risks grow By Reuters
•
BEIJING (Reuters) – Factory activity in China grew at the fastest pace in nearly two years in May thanks to gains in production and new orders, especially at small businesses, a private sector survey showed on Monday, raising expectations for the second quarter. The Caixin/S&P Global Manufacturing PMI rose to…
-
Analysis-Red tape clogs China’s offshore IPO pipeline even as markets recover By Reuters
•
Written by Ken Wu, Julie Zhu, Selina Li, and Scott Murdoch HONG KONG (Reuters) – More than a year after China pledged to make overseas listings easier, companies are grappling with a regulatory impasse that is unlikely to ease soon, and eyeing the prospect of sharply lower valuations even as…
-
Apple’s rising growth amid China’s smartphone boom By Investing.com
•
Investing.com – Analysts at Evercore Partners Inc (NYSE:) recently provided a detailed look at the performance of the Chinese smartphone market, highlighting the second straight month of accelerating shipments. According to the analysis, the market saw a significant year-on-year increase of nearly 29% in April, a notable improvement compared to…