Tag Archives: China

The decline in Chinese auto sales increased by 12.4% in June for the second month in a row, after falling by 3% in May. Data from the China Association of Automobile Manufacturers Friday (July 9) showed that sales in China, the world’s largest auto market, totaled 2.02 million vehicles sold …

China continues with severe measures against tech platforms, especially U.S.-listed firms, after the removal of Didi Chuxing from Chinese app stores. Authorities in Beijing have reportedly announced investigating Boss Zhipin, Yunmanman, and Huochebang, the Financial Times reported. It is worth pinpointing that Didi Chuxing is considered China’s biggest ride-hailing company. …

China Banking and Insurance Regulator Official said on Thursday that they “expect China’s monthly PPI to hit 10%, adding pressure to consumption.” The PPI, a benchmark gauge of a country’s industrial profitability, rose 9% from a year earlier in May, the fastest pace since September 2008 as China’s economy recovers.

In its latest review report on China, Moody’s Investors Service noted that “China’s economic rebound will buoy demand for goods and services, lifting companies’ revenue over the next 12-18 months.” “Rising demand for goods and services in China, driven by GDP growth, will boost the earnings of most rated companies …

Auto sales in China fell 3% in May compared to the corresponding month last year, data for the sector showed, ending a 13-month straight winning streak that began in April 2020. Data from the China Automobile Manufacturers Association showed that total sales in the world’s largest auto market amounted to …

The authorities in China’s Zhangjiajie Province on Wednesday issued a notice to officials in one of the prominent bitcoin mining centers in the region to stop all their activities related to mining bitcoin and cryptocurrencies. The notification to the authorities stated that the new instructions were based on the strict …

China’s parliament expresses strong indignation and resolute opposition to the US bill addressing technology threat from Beijing, per Xinhua News Agency. China’s response comes after “the US Senate voted 68-32 on Tuesday to approve a sweeping package of legislation intended to boost the country’s ability to compete with Chinese technology,” …

China’s producer price index for May rose 9% from a year earlier, against expectations of an increase of 8.5% in a Reuters poll, marking the strongest rise for the index since 2008, when the index rose 9.13% in September. The country’s consumer price index in May rose 1.3% from a …

White House is planning to launch a new “strike force” to combat unfair trade practices, mainly targeting China, Reuters reports, citing senior administration officials.

China’s imports grew in May at the fastest pace in a decade, driven by higher demand for raw materials, although export growth slowed more than expected amid delays caused by COVID-19 infections in the country’s ports. While the rapid recovery in developed markets boosted demand for Chinese products, the outlook …