Business
China’s steel mills and oil refiners bear brunt of tepid economy
CHINESE commodities producers centred on the old economy are still bearing the brunt of the nation’s economic slowdown, with steelmakers…
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Chinas
Business
$1.80 dinners and budget clothes? The spread of frugality is hurting China's economy
TAIPEI, Taiwan — China’s 1.4 billion consumers once spent with enough abandon to help drive the global economy. Now one of the hottest…
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China’s CATL unveils new battery for extended-range hybrids
CHINESE battery giant CATL on Thursday (Oct 24) launched its first battery product focused on extended-range hybrids at a time when this…
Business
China’s Singles’ Day sales festival fails to inspire consumers
CHINA’S largest shopping event is underway but most merchants and retail analysts expect flat or at best, tepid sales growth, noting…
Business
China’s Horizon Robotics raises HK$5.4 billion in biggest Hong Kong IPO of 2024
CHINESE autonomous driving firm Horizon Robotics has priced its shares at the top of its range to raise HK$5.4 billion (S$913.4 million)…
Business
China’s mega banks trim deposit rates as stimulus hits profits
CHINA’S largest state-owned lenders have cut their deposit rates on Friday (Oct 18), their second reduction this year as they rushed to…
Business
Medical tourism, biopharma leading the way in China’s healthcare flows to Asean
Patients are flocking to the region in search of good quality, alternative healthcare treatments, while biopharma firms are making forays…
Business
Apple secretly worked with China’s BYD on long-range EV battery
APPLE worked with Chinese automaker BYD for years as part of its now-cancelled car project, developing long-range batteries that helped…
Business
China’s car and ship exports hit record despite slowing trade
CHINA’S exports of both cars and ships hit records in September even as broader shipments slowed, underscoring the rapid changes in the…
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VW, BMW and Mercedes are getting left in the dust by China’s EVs
RYAN Xu was a dream customer for Germany’s automakers. The Guangdong-based entrepreneur and her husband own a Porsche 911 and a…
Business
What you need to know about investing in China’s volatile stock market
CHINA’S stock market rally has attracted investors around the world, but recent turbulence has raised questions over whether now is the…
Business
Luxury goods unlikely to be next target of China’s EU trade retaliation: analysts
EUROPEAN luxury shares have slid on investor concerns that Hermes handbags and Dior slingbacks may be Beijing’s next targets for…
Business
GM China’s EV, hybrid sales top petrol cars for first time
GENERAL Motors (GM) sold more electric vehicles (EVs) and plug-in hybrids than conventional petrol cars in China for the first time last…
Business
China’s BYD wants to build cars in India, but has no ‘direct’ signal of investment rules easing
CHINA’S BYD wants to make cars in India but has received no “direct” signal from New Delhi on a possible easing of stringent investment…
Business
China’s WuXi explores sale of pharma operations as US restrictions loom: FT
WUXI AppTec and WuXi Biologics are planning to sell some of their operations after the Chinese biotech companies were targeted by the US…
Business
China’s top banks to tweak mortgage rates to boost housing market
SIX of China’s biggest banks said they would tweak interest rates on existing mortgages following a request to lower them from Beijing’s…
Business
China’s central bank buys 200 billion yuan of sovereign bonds in September
THE Chinese central bank said on Monday (Sep 30) that it had bought 200 billion yuan (S$36.5 billion) of the country’s government bonds in…
Business
Iron ore rallies back above US$100 as China’s shift boosts outlook
Futures are on course for the highest close since August, rising 3.5 per cent to US$101.95 a tonne in Singapore IRON ore headed for the…
Business
China’s August net gold imports via HK lowest in over 2 years
China’s monthly net gold imports via Hong Kong dropped 76 per cent to their lowest level in more than two years in August, data showed on…
Business
Foreign investors cheer China's stimulus from a distance
As the market euphoria to China’s biggest stimulus since the pandemic settles, foreign investors are now asking whether the US$114 billion…
Business
Asia stocks rise to highest in 2.5 years on China's stimulus measures
That has left the markets steady, with MSCI's broadest index of Asia-Pacific shares outside Japan 0.04% higher at 586.31, levels last seen…