Country Garden issues default warning amidst steep drop in property sales
Country Garden, one of China’s largest property developers, has issued a second warning in just over two months about the possibility of defaulting on its [more…]
Category: China
HSBC to purchase Citigroup’s consumer wealth business in China
HSBC is poised to take over Citigroup’s China-based consumer wealth management business, overseeing assets exceeding $3 billion, according to two informed sources. This significant development [more…]
Huawei’s latest devices demonstrate China’s pursuit of technological advancement independently of foreign technology
The United States’ restrictions on China’s technology giant, Huawei, have been a focal point of international scrutiny and geopolitical tension. These restrictions, which include sanctions [more…]
China-Arab States expo concludes, securing deals valued at $23.4 Billion
Welcome to the China-Arab States Expo 2023, a premier event that serves as a vital platform for fostering economic and cultural ties between China and [more…]
China has recently halted the export of two essential minerals required by global chip manufacturers
The export of minerals in China has recently undergone significant changes, particularly in the context of essential materials required for various industries. In a move [more…]
Amazon faces off against budget retailers Shein and Temu
Amazon, the global e-commerce behemoth, has redefined the way people shop and consume goods in the digital age. Although Amazon has long grappled with competition [more…]
Qualcomm, the major American semiconductor company, trims its workforce in Shanghai in response to challenging economic conditions
Qualcomm is planning to reduce its workforce at its Shanghai office due to the ongoing technology tensions between the United States and China, as well [more…]
China records the lowest American business confidence in decades
In the midst of escalating tensions between Beijing and the Western world, U.S. corporations are expressing the most pessimistic outlook on conducting business in China [more…]
BYD, a Chinese company, leverages strategic partnerships to drive the growth of EV sales across Southeast Asia
BYD, a leading Chinese electric vehicle (EV) manufacturer, stands at the forefront of the global EV revolution. With innovative technology and a commitment to sustainable [more…]
China places Northrop Grumman and a unit of Lockheed Martin on its blacklist due to their involvement in arms sales to Taiwan
Beijing has taken punitive measures against two American companies due to their involvement in arms sales to Taiwan and has issued a stern warning of [more…]