Nvidia may cancel its $5 billion chip order heading to Chinese technology firms next year
In a shocking turn of events, Nvidia Corp (NVDA.O) found itself at the center of a storm as its shares plunged by approximately 5%, reaching [more…]
Category: China
China’s Q3 economy grows 1.3% quarterly, 4.9% annually
China’s economy saw a robust resurgence in the third quarter, surpassing expectations with a 4.9% year-on-year GDP growth, positioning it well to achieve its annual [more…]
Improvement in China’s trade figures offers hope for economic recovery despite challenges
On Friday, China unveiled a combination of economic statistics that indicated a gradual improvement in the decline of exports and imports, even though persistent deflationary [more…]
China’s ‘Golden Week’ fuels a wave of domestic travel and consumption, providing a much-needed boost to economy
During the recently concluded “golden week” holiday, cities throughout China witnessed significant spending surges. However, economists caution that this momentum may dwindle as pent-up demand [more…]
Challenges confronting China in the wake of its Minsky Moment
The collapse of Evergrande, one of China’s largest property developers, has sent shockwaves through global financial markets. As the company grapples with a massive debt [more…]
Evergrande’s stock experiences another sharp decline, while the company’s chairman is placed under police scrutiny, further exacerbating the risk of liquidation
Hui Ka Yan, the founder and chairman of China Evergrande Group, has reportedly been placed under police surveillance, casting further uncertainty on the troubled company’s [more…]
Despite China’s enormous population of 1.4 billion people, there are still numerous vacant homes that remain unfilled
China’s real estate market is grappling with significant challenges, including a surplus of vacant properties and regulatory changes. A former official recently remarked that even [more…]
Alibaba’s stock drops by over 3% as the former CEO’s unexpected departure from the cloud business impacts the company’s shares.
Chinese tech giant Alibaba witnessed a 3.5% decline in its shares on Monday after it made a surprising announcement that outgoing CEO Daniel Zhang would [more…]