AliExpress offers subsidies to help Chinese brands sell overseas
Alibaba Group Holding’s international online shopping platform, AliExpress, will provide fresh subsidies to entice more Chinese brands and merchants to sell overseas, as the e-commerce giant moves to...
View ArticleChinese wind turbine firms probed by EU
Brussels has launched a subsidy investigation into Chinese wind turbine companies as it steps up efforts to protect its domestic industry from cheap competition, reports the Financial Times. Margrethe...
View ArticleMicrosoft, NetEase to bring some games back to China
Chinese video games giant NetEase said it is working with Microsoft to bring popular games including “World of Warcraft” back to the country after a public fallout that ended a decade-long partnership...
View ArticleZara to stay in China, plans new flagship stores
Zara, the Spanish fashion brand, rebutted rumors on Tuesday about its withdrawal from the Chinese market, following speculation sparked by recent store closures, reports Caixin. Zara told Caixin that...
View ArticleLianjia hopes to boost sales with coffee collaboration
A leading Chinese real estate brokerage has opened its first joint store with a major coffee chain, as a prolonged property slump forces it to find creative ways to get potential homebuyers’...
View ArticleChina preferred over US in southeast Asia, survey finds
More than half of southeast Asians would now prefer to align with China over the US if Asean were forced to choose between the rival superpowers, according to a regional survey by a Singapore-based...
View ArticleFitch cuts China’s ratings outlook
Fitch cut its outlook on China’s sovereign credit rating to negative on Wednesday, citing risks to public finances as the economy faces increasing uncertainty in its shift to new growth models,...
View ArticleGuangzhou stops new commercial apartment project approvals
Guangzhou has frozen the planning and approval of new commercial apartment projects. A memorandum from the Guangzhou Municipal Bureau of Planning and Natural Resources has put a firm halt on any new...
View ArticleChina added a unicorn a week in 2023
China last year bred an average of one new unicorn each week amid frenzied growth in the country’s artificial intelligence (AI) sector, bucking a declining trend in global venture capital investments,...
View ArticleHands across the water
The most interesting news of the week was a meeting Beijing between Mr Xi and the former president on the island, Ma Ying-jeou, but it is hard to say what significance it has. Ma represents the...
View ArticleTerminus raises $276mn to fund LLM apps
Terminus Group, a Beijing-based artificial intelligence services provider, has completed a funding round of RMB 2 billion ($276 million) from investors led by Australian investment firm AL Capital and...
View ArticleMorgan Stanley, Goldman boost China growth outlook
Goldman Sachs Group Inc. and Morgan Stanley raised their outlook for China’s economic growth this year as factory activity and exports accelerate more quickly than expected, reports Caixin. China’s...
View ArticleVW to invest almost $2.7bn in China production site
Volkswagen announced on Thursday plans to invest 2.5 billion euros ($2.68 billion) in China to expand its production and innovation hub in the city of Hefei in Anhui Province, reports Reuters....
View ArticleChina consumer prices edged higher in March
China’s consumer prices edged higher in March against a year earlier, missing analysts’ forecasts and underlining the challenges for the world’s second-largest economy as it tries to boost domestic...
View ArticleChina driving increase in coal-fired power capacity
China drove a global surge in new coal-fired power plants last year, building and approving capacity at a rate not seen in nine years despite the country’s promise to “strictly control” its use of the...
View ArticleBMW’s China venture to assemble EVs for global customers
Spotlight Automotive, BMW’s 50-50 electric vehicle (EV) venture with mainland Chinese partner Great Wall Motor, is designing new models that it hopes to sell globally, reports the South China Morning...
View ArticleChina capital markets activity hits multi-decade lows
Activity on China’s equity capital markets on the mainland and beyond has slumped to multi-decade lows, highlighting how the loss of momentum in the world’s second-largest economy has weighed on...
View ArticleChina private builders face $553bn funding gap
Chinese private developers face a RMB 4 trillion ($553 billion) funding gap to complete pre-sold homes, adding to the woes of an industry that has yet to bottom out, according to a research report by...
View ArticleCentral Huijin increases holdings in China’s big four banks
China’s central government continued to increase its holdings in the country’s top four state-owned banks through its sovereign wealth fund as it continued to bolster the nation’s ailing stock market,...
View ArticleChina exports drop more than expected
China’s exports declined in March, dealing a blow to hopes that booming sales abroad would offset weak demand at home and drive growth, reports Caixin. Exports shrank 7.5% in dollar terms in March...
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