Category: Chinese
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Trump presidency could divert $33 billion in Chinese investment to UK, claims VC firm
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British venture capital firm Fuel Ventures expects a new wave of Chinese investment to head to the UK – potentially as much as $33 billion – if Donald Trump’s second presidency leads to a sharp decline in Chinese financing of the United States. The company’s forecast comes in the wake…
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Chinese smartphone maker Honor targets Indonesia’s growing appetite for premium handsets
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Chinese Smartphone maker honor Plans to expand Indonesia To take advantage of the growing appetite for premium phones Southeast AsiaThe country’s largest and most populous economy. Shenzhen-Based on Honor, which was spun off in 2020 as an independent company by Huawei TechnologiesIt expects to launch more than 30 products ranging…
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Tesla sees first annual sales decline in a decade as Chinese rivals close in
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Tesla’s global deliveries fell for the first time in a decade, as the US electric car leader reported 1.79 million sales in 2024 – down 1.1 percent from the 1.81 million recorded in 2023 and below Wall Street expectations. The company’s shares fell 6 percent on Thursday, wiping more than…
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Chinese stocks tumble in worst start to a year since 2016
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(Bloomberg) — Chinese stocks posted their worst start to a year in nearly a decade as investors brace for economic uncertainties with weaker-than-expected manufacturing data and an expected increase in tariffs. Most read from Bloomberg The CSI 300 Index (000300.SS) closed down 2.9% on Thursday, its biggest decline on the…
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Fuel Ventures secures £20m Chinese investment round, strengthening UK-China tech ties
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Fuel Ventures, one of the UK’s leading venture capital funds, has announced the closing of a £20 million investment round backed by key Chinese investors, including Shijingshan Industrial Fund and Zhongguancun Development Group. The deal underscores the UK’s attractiveness as an emerging destination for Asian capital and paves the way…
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Chinese chip firms say they can withstand new US export curbs
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Written by Eduardo Baptista and Heikung Yang BEIJING/SEOUL (Reuters) – Chinese chip companies targeted by Washington with new export controls have pledged to accelerate the localization of their supply chain and said they will be able to continue production thanks to recent efforts to build stockpiles of equipment. The latest…
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Trump re-election predicted to boost UK with $33 billion in Chinese investment
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The re-election of Donald Trump as US president could lead to a major shift in Chinese investment, with the potential for $33 billion for the UK, according to leading UK-based venture capital firm Fuel Ventures. The company believes that the changing dynamics in US leadership will encourage Chinese investors to…
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Chinese Man Sentenced To Life For Selling State Info
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State authorities in China are now working to plug loopholes in national secrecy regulations after discovering that one of her colleagues had been assigned to a secret unit Selling state secrets To foreign contacts to repay their debts incurred from investment losses in cryptocurrencies. This incident prompted Chinese officials to…
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Asian Stocks Rise, Chinese Shares Reverse Gains: Markets Wrap
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(Bloomberg) — Stocks rose in Asia after Wall Street closed higher, helped by a shift from giant technology to smaller companies. Chinese stocks erased their gains after a press conference by the finance and housing ministers. Most read from Bloomberg China’s CSI 300 index turned flat after rising 1.3% earlier.…
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Chinese equities look to hold on to hope for now at least
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Some headlines from China since the weekend: The first point has a familiar tone, with China pledging more stimulus but lacking any detail in the announcement. Beijing has been guilty of this for nearly two years. However, after the flurry of announcements leading up to Golden Week, investors are still…
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Chinese Stocks Gain in Volatile Trade, Oil Falls: Markets Wrap
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(Bloomberg) — Chinese stocks erased declines to advance in choppy trading as investors weighed the impact of measures announced by the Finance Ministry to revive growth. Most read from Bloomberg The local stock index rose as much as 1.7%. The yuan fell as oil fell, reflecting doubts among some traders…
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Chinese Stocks Gain in Volatile Trade, Oil Falls: Markets Wrap
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(Bloomberg) — Chinese stocks erased declines to advance in choppy trading as investors weighed the impact of measures announced by the Finance Ministry to revive growth. Most read from Bloomberg The local stock index rose as much as 1.7%. The yuan fell as oil fell, reflecting doubts among some traders…
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Macao’s former top judge is chosen as the Chinese casino hub’s first leader born in mainland China
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Breadcrumb links PMN BMN Business Article writer: Associated Press Arm cancer Posted on October 13, 2024 • 4 minutes read You can save this article by registering for free here. Or log in if you have an account. Article content MACAU (AP) — Macau’s former chief justice, Sam Ho Fei,…
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Chinese carmaker GAC looks at making EVs in Europe as tariffs loom By Reuters
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Written by Gilles Guillaume PARIS (Reuters) – Chinese state-owned carmaker GAC is exploring manufacturing electric cars in Europe to avoid EU tariffs, its general manager told Reuters on Sunday, joining a growing list of Chinese companies planning local production. The company is among China’s largest automakers and targets sales of…
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Buy the Aussie dollar on Chinese support
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Investing.com – Investors should look to buy the Australian dollar, according to HSBC, as the currency has three crucial tailwinds. The first, and perhaps most important, factor likely to support the dollar is policy support from China, HSBC analysts said in a note dated October 9. Chinese optimism helped lift…
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Chinese Stocks Drop, US Futures Decline on Google: Markets Wrap
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(Bloomberg) — Chinese stocks fell on Wednesday as traders weighed weak economic data from the Golden Week holiday and questioned Beijing’s commitment to further stimulus measures. Most read from Bloomberg The benchmark CSI 300 index underperformed the region, falling as much as 7.4% before paring some of its losses after…
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Chinese Stocks Drop, US Futures Decline on Google: Markets Wrap
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(Bloomberg) — Chinese stocks fell on Wednesday as traders weighed weak economic data from the Golden Week holiday and questioned Beijing’s commitment to further stimulus measures. Most read from Bloomberg The benchmark CSI 300 index underperformed the region, falling as much as 7.4% before paring some of its losses after…
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Goldman Sachs upgraded its call on Chinese stocks to overweight
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Goldman Sachs raised its call on Chinese stocks to overweight, due to optimism over Beijing’s stimulus measures. Bloomberg (portal) with the report. In short (very): Chinese stocks could rise another 15% to 20% if the authorities fulfill their policy promises. Valuations are below historical averages, earnings could improve, and global…