Export decline ‘improved modestly’, signalling China’s economic stabilisation
China’s exports fell by 6.2 per cent, year on year, in September, data released on Friday showed, while imports also fell by 6.2 per cent last month.
EU to investigate Chinese steel and aluminium sectors, with tariffs looming
Inquiries and possible tariffs are said to be part of an agreement with Washington, which is set to drop its Trump-era tariffs on imports of European steel and aluminium.
Inquiries and possible tariffs are said to be part of an agreement with Washington, which is set to drop its Trump-era tariffs on imports of European steel and aluminium.
Taiwan’s exports rise for first time in 13 months amid huge AI chip demand
Taiwan’s exports rose by 3.4 per cent in September, year on year, to US$38.81 billion, data released on Wednesday showed, amid increased demand for semiconductors for generative artificial intelligence use.
Taiwan’s exports rose by 3.4 per cent in September, year on year, to US$38.81 billion, data released on Wednesday showed, amid increased demand for semiconductors for generative artificial intelligence use.
Is there still a window of opportunity for China’s GDP to surpass the US?
International Monetary Fund cut China’s economic growth forecasts for 2023 and 2024 in its ‘World Economic Outlook’ on Tuesday, while revising up its estimates for the US economy.
International Monetary Fund cut China’s economic growth forecasts for 2023 and 2024 in its ‘World Economic Outlook’ on Tuesday, while revising up its estimates for the US economy.
China’s BYD steps up globalisation strategy with an EV plant in Uzbekistan
The Warren Buffett-backed carmaker’s joint venture UzAuto will start producing EVs in the southeastern Uzbek city of Jizzakh from next year. The cars will also be exported to other Central Asian countries.
The Warren Buffett-backed carmaker’s joint venture UzAuto will start producing EVs in the southeastern Uzbek city of Jizzakh from next year. The cars will also be exported to other Central Asian countries.
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China, India worst hit as half a million coal workers face job cuts globally by 2035
Nearly half a million coal miners face unemployment globally by 2035 due to mine closures and a market shift towards cheaper wind and solar power generation, San Francisco-based non-profit Global Energy Monitor says.
Without good options to diversify, China can’t wean itself off US dollar assets
China is still the second-largest foreign investor in US Treasuries despite seeing its holdings fall to a 14-year-low of US$821.8 billion in July.
China is still the second-largest foreign investor in US Treasuries despite seeing its holdings fall to a 14-year-low of US$821.8 billion in July.
Melbourne container terminal buys two cranes from Shanghai Zhenhua Heavy Industries
Victoria International Container Terminal (VICT) in Melbourne has acquired two automated ship-to-shore cranes made by Chinese port equipment manufacturer Shanghai Zhenhua Heavy Industries.
Victoria International Container Terminal (VICT) in Melbourne has acquired two automated ship-to-shore cranes made by Chinese port equipment manufacturer Shanghai Zhenhua Heavy Industries.
China’s property crisis also hitting Southeast Asia, regional body says
The slowdown in the property market is likely to blunt China’s economic growth, but will also flow downstream to surrounding countries, an Asean economic surveillance body has said.
The slowdown in the property market is likely to blunt China’s economic growth, but will also flow downstream to surrounding countries, an Asean economic surveillance body has said.
Higher fragmentation of commodity trade would severely damage China, IMF warns
In its World Economic Outlook, the international financial institution lays out a scenario in which a polarised world economy leads to higher prices and greater scarcity for the commodities China now imports at high volumes.
In its World Economic Outlook, the international financial institution lays out a scenario in which a polarised world economy leads to higher prices and greater scarcity for the commodities China now imports at high volumes.
Why Hong Kong-listed firms have to ensure ‘just transition’ sustainability plans
Just transition, or practices for mitigating and adapting to climate change without sacrificing key stakeholders’ interests, is a topic that Hong Kong-listed companies have to confront, expert says.
Just transition, or practices for mitigating and adapting to climate change without sacrificing key stakeholders’ interests, is a topic that Hong Kong-listed companies have to confront, expert says.
German developers’ rising insolvency threatens nation’s housing sector
German Chancellor Olaf Scholz to meet leading players in the property sector for talks as he seeks to jump-start construction. The crisis could snowball into a social disaster if the building slowdown crashes into the rental market.
German Chancellor Olaf Scholz to meet leading players in the property sector for talks as he seeks to jump-start construction. The crisis could snowball into a social disaster if the building slowdown crashes into the rental market.
Shanghai to hasten expansion of Yangshan deep water port, shipping conference told
The expansion of deepwater terminals at Yangshan islands is getting into full swing, as part of Shanghai’s latest effort to shore up confidence in the city’s foreign trade.
The expansion of deepwater terminals at Yangshan islands is getting into full swing, as part of Shanghai’s latest effort to shore up confidence in the city’s foreign trade.
Hong Kong is well-placed to tap Asia’s growth, CIC’s advisors say
The former central bank governor also called for global efforts to offset geopolitical and economic headwinds, in an address at an investment forum by China Investment Corporation.
The former central bank governor also called for global efforts to offset geopolitical and economic headwinds, in an address at an investment forum by China Investment Corporation.
Taiwan’s export decline turns 1 year old, with foreign investment still dropping
Orders for Taiwanese goods in August declined by 15.7 per cent, year on year, but tech sales are expected to get a boost through the holiday season.
Orders for Taiwanese goods in August declined by 15.7 per cent, year on year, but tech sales are expected to get a boost through the holiday season.
US middle class feels it is ‘dying’ while China’s has its own problems
The growth of China’s key middle class is set to be hindered by an ageing population, while in the US, flat wage growth and a drop in university enrolments is hurting the crucial segment of society.
The growth of China’s key middle class is set to be hindered by an ageing population, while in the US, flat wage growth and a drop in university enrolments is hurting the crucial segment of society.
Chinese EV makers poised for global expansion thanks to cost edge: UBS
The vast European market and its surging EV adoption rate will be a catalyst for Chinese EV makers’ go-global push, the bank says.
The vast European market and its surging EV adoption rate will be a catalyst for Chinese EV makers’ go-global push, the bank says.
Chinese battery maker Gotion supercharges global ambitions with German plant
Volkswagen-backed Gotion’s factory in Gottingen is expected to reach a production capacity of 5GWh by mid-2024 and 20GWh when fully complete. It is also building plants in the US states of Illinois and Michigan.
Volkswagen-backed Gotion’s factory in Gottingen is expected to reach a production capacity of 5GWh by mid-2024 and 20GWh when fully complete. It is also building plants in the US states of Illinois and Michigan.
China EV makers hit by EU probe, which some say may hurt decarbonisation efforts
Chinese electric vehicle builders hit a roadblock after the European Commission launched an anti-subsidy investigation last week, which is likely to affect annual exports of more than 2 million battery-powered vehicles projected to be sold in the continent by 2030.
Chinese electric vehicle builders hit a roadblock after the European Commission launched an anti-subsidy investigation last week, which is likely to affect annual exports of more than 2 million battery-powered vehicles projected to be sold in the continent by 2030.
Beijing kicks off CIIE countdown by appointing business delegates
Beijing has mobilised 39 business delegations to ensure the purchase of goods and services at the China International Import Expo, in its latest effort to maintain strong economic ties with foreign businesses and head off any chance of a decoupling with the West.
Beijing has mobilised 39 business delegations to ensure the purchase of goods and services at the China International Import Expo, in its latest effort to maintain strong economic ties with foreign businesses and head off any chance of a decoupling with the West.
