Post Tagged with: "China Business"

Can China walk out of economic difficulties by relying on its old playbook of debt?

Can China walk out of economic difficulties by relying on its old playbook of debt?

China is banking on a new wave of debt-fuelled infrastructure spending to arrest a deepening economic slowdown, but the surge in local government debt may complicate Beijing’s long-term efforts of reining in financial risks in its economy. In an unusual move last week, China’s National People’s Congress Standing Committee authorised […]

China, Hong Kong benchmarks rebound, defying big sell-offs in region over Apple train wreck

China, Hong Kong benchmarks rebound, defying big sell-offs in region over Apple train wreck

China and Hong Kong stocks defied big sell-offs in Asia in Friday trading, with the Shanghai Composite capping its biggest gain in a month, as suspected state buying and bargain-hunting of beaten-down companies propped up equities reeling from the world’s worst performance last year. Apple suppliers in Asia, however, took […]

Chinese developer Kaisa’s Xian  fallout highlights shanty town redevelopment risks

Chinese developer Kaisa’s Xian fallout highlights shanty town redevelopment risks

Shares of mainland Chinese developer Kaisa Group Holdings tumbled another 4.3 per cent on Thursday after a 7.2 per cent drop a day earlier as it faces losing its investment in an urban redevelopment project in northern Xian city, highlighting the inherent risks in such deals. The Shenzhen-based developer has […]

China makes ‘US$102 billion’ move to aid slowing economy, but will it be effective?

China makes ‘US$102 billion’ move to aid slowing economy, but will it be effective?

The effectiveness of a move by China’s central bank to inject up to an expected 700 billion yuan into the world’s second largest but worryingly slowing economy is difficult to calculate given the lack of transparency in the monetary policy, warned a chief economist. The People’s Bank of China (PBOC) […]

China, US set to join groundbreaking talks at WTO aimed at limiting government snooping on private data

China, US set to join groundbreaking talks at WTO aimed at limiting government snooping on private data

China and the United States are to take part in groundbreaking talks on restricting government surveillance of private companies’ e-commerce data. A proposal to this effect will be introduced by Australia, Japan and Singapore this month, according to the Nikkei Asia Review. The proposed ruling, which has been in the […]

China’s loss-making Luckin Coffee start-up doubles down on subsidies to win customers from Starbucks

China’s loss-making Luckin Coffee start-up doubles down on subsidies to win customers from Starbucks

Luckin Coffee, the loss-making challenger to Starbucks, is doubling down on its store expansion and consumer subsidies this year, with plans to open about 2,500 new outlets in the world’s most populous nation. That would bring the Xiamen-based start-up’s total number of stores in the country to more than 4,500, […]

Chinese AI, biotech talent in line for biggest increase in bonuses, according to survey

Chinese AI, biotech talent in line for biggest increase in bonuses, according to survey

Workers in China’s hi-tech industries will see the biggest increase in bonuses across sectors for 2018, defying a slowdown in economic growth, according to a survey released by state-owned human resources consultancy China International Intellectech on Wednesday. The average bonus for employees of companies in industries such as artificial intelligence, […]

Kaisa says its US$150 million Xi’an development project is at risk over dispute with local developer Xingzhengyuan

Kaisa says its US$150 million Xi’an development project is at risk over dispute with local developer Xingzhengyuan

faces losing its entire investment of almost US$150 million in a key urban redevelopment project, underscoring the vagaries in China’s property market. The Shenzhen-based home builder, which gained notoriety in 2015 when it became the first developer from the nation to default on US dollar debt, has invested more than […]

China must quickly ‘quench the immediate thirst’ of a deepening economic slowdown, senior economist Yu Yongding says

China must quickly ‘quench the immediate thirst’ of a deepening economic slowdown, senior economist Yu Yongding says

Arresting a deepening economic slowdown, not making “baseless” deep-rooted structural reforms, should be the top priority for China’s economy in 2019, a senior economist said. Yu Yongding believes Beijing needs to take every possible measure, including increasing money supply and boosting fiscal spending, to prevent the world’s second largest economy […]

China economy endures bad start to 2019 as private data highlights weakening manufacturing sector

China economy endures bad start to 2019 as private data highlights weakening manufacturing sector

China’s slim hopes of an economic upturn in 2019 suffered a blow on the first working day of the new year as a privately compiled economic gauge showed signs of weakening manufacturing activities. The Caixin Purchasing Managers’ Index (PMI), which tracks the activities of small and medium-sized enterprises, dipped below […]