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May 10, 2024 02:52 PM
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Daily Tech Roundup: Li Auto Gets Sued, New U.S. Tariffs to Hit Chinese Battery-Makers Hardest

Nio launches affordable brand in challenge to Tesla, Baidu’s revenue slows after China’s downturn mars AI push

May 17, 2024 03:33 PM

Shanghai Composite Index Rose 1.01% on Friday

Shenzhen Component Index closed up 1.1%

May 17, 2024 03:03 PM

China Rebound Gets More Lopsided as Factories Hum, Shoppers Lag

Retail sales grew at the slowest pace since 2022 while industrial production accelerated, highlighting the unbalanced recovery of the world’s No. 2 economy

May 17, 2024 02:46 PM

Country Garden Begins Court Battle Against Liquidation Threat

The Chinese developer will make the case that it can come up with a plan for its debt obligations, months after a creditor filed a winding-up petition against it

May 17, 2024 02:32 PM

Baidu Revenue Slows After China’s Downturn Mars AI Push

The results underscore how the internet search leader is struggling to capitalize on its first-mover advantage

May 17, 2024 02:25 PM

JD.com Sales Quicken After Dangling Perks to Woo China Shoppers

The retailer’s results are seen as one of the key bellwethers of Chinese consumption, which has struggled to recover post-pandemic

May 17, 2024 02:24 PM

Update: China Removes Mortgage Rate Floor for Individual Homebuyers

PBOC lowers minimum down-payment ratio for first-time buyers to 15% and to 25% for second homes, statement says

May 17, 2024 02:09 PM

Weekly Must-Read: What’s in China’s Policy Toolbox to Tackle the Ballooning Housing Stocks

The Politburo wants to reduce China’s housing inventory and stimulate home sales. How will they do it?

May 17, 2024 12:04 PM

CX Daily: EU Wind Power Probe Could Blow Chinese Expansion Plans Off Course-China

China rolls out stricter rules for quant trading. Lithium-ion batteries are likely to be most affected by U.S. tariff hikes. Plus, more about Putin’s visit to China.

May 17, 2024 09:45 AM

Ex-Vice President of Agricultural Bank Under Graft Probe

Lou Wenlong investigated on suspicion of serious violations in law and discipline

May 17, 2024 05:55 AM

China’s First Special Bond Issuance Likely to See Solid Demand

Banks still have too much idle cash and liquidity is flush, so I presume the auction will see good demand, says Nomura analyst

May 17, 2024 05:30 AM

China Sells Record Sum of U.S. Debt Amid Signs of Diversification

With China selling dollar assets, amounting to $53.3 billion in the first quarter, its holdings of gold have risen

May 17, 2024 05:26 AM

Li Auto Faces Class Action Lawsuits Over Misleading Outlook for Li Mega MPV

A lukewarm response on its debut, a slowing market and EV makers slashing prices meant sales of the Li Mega MPV were disappointing

May 17, 2024 04:23 AM

Former ICBC Vice President Arrested on Bribery Charges

Zhang Hongli also engaged in ‘superstitious activities’ and read books with ‘serious political problems,’ a corruption investigation finds

May 16, 2024 07:58 PM

China Rolls Out Stricter Rules for Quant Trading to Curb Market Volatility

Under the new regulations, stock exchanges need to monitor program trading in real time and set up standards to identify ‘abnormal’ moves

May 16, 2024 06:57 PM

Lee Hsien Loong: A Two-Decade Political Legacy That Earned Singapore a ‘Unique Standing’

As prime minister, Lee provided the country ‘with a voice of reason and a principled commitment to the international rule of law and the global good,’ Singaporean President Tharman Shanmugaratnam says

May 16, 2024 06:01 PM

Energy Insider: Major Sodium Energy Storage Station Enters Operation, Battery Giant CATL Taps Into Shipping

Beijing aims to make EV charging ‘green’, China generated over one-third of wind and solar power in 2023 as capacity soars, coal hub Shanxi province faces $14 billion hurdle to achieving ‘just’ green transition, study finds

May 16, 2024 05:31 PM



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