Topline Thousands of people took to the streets in parts of Shanghai, Beijing and other cities in China on Sunday to protest the country’s harsh zero-Covid policy—which includes stringent lockdowns an...
Tag: Chinas
Why China’s COVID policies are rattling investors again
Investors in China-related assets who had expected a significant easing of COVID curbs were left disappointed this week as the country battles the worst wave of cases since Shanghai’s outbreak earlier...
China’s capital city Beijing battles Covid with more apartment lockdowns
Covid restrictions have tightened in Beijing while infections keep soaring, prompting lockdowns of communities. Jade Gao | Afp | Getty Images BEIJING — China’s capital city is grinding to a near...
Mainland China’s total daily Covid cases soar above Shanghai lockdown highs
Only a few vehicles, including one with two health workers, drive through Beijing’s central business district on Nov. 23, 2022, as the area has announced tighter Covid controls. Kevin Frayer | G...
Apple Shares Dip In Premarket Amid Covid Protest At China’s Biggest iPhone Factory
Topline Violent clashes broke out between security personnel and workers at China’s largest iPhone factory protesting delayed bonus payments and poor living conditions caused by stringent pandemic rul...
JD.Com Goes Aggressive On China’s Common Prosperity Drive After Alibaba, Tencent
JD.Com, Inc (NASDAQ: JD) slashed salaries for about 2,000 managers by 10% – 20% and diverted some of those savings toward a $1.4 billion employee benefits fund, aligning China’s No. 2 onli...
China’s foreign exchange bureau calls for stronger crypto regulations – crypto.news
An exec at China’s Foreign Exchange Bureau urges stronger legislation to regulate crypto trade in China. Fresh agitations for crypto regulations in China China’s Foreign Exchange Bureau has called for...
Oil Sinks as China’s Struggle With Covid Blights Demand Outlook
(Bloomberg) — Oil sank again following the biggest weekly decline since August as China tightened anti-Covid curbs, hurting the outlook for demand. Most Read from Bloomberg Global benchmark Bren...
Nickel Products Supplier To EV Industry Poised To Become China’s Newest Billionaire
Nickel ore trader Lygend aims to list its shares at the Hong Kong Stock Exchange on Dec. 1. … [+] Photographer: Paul Yeung/Bloomberg © 2022 Bloomberg Finance LP Lygend Resources & Technology...
Oil futures fall 10% for week as China’s COVID worries darken demand picture
Oil futures logged their second straight weekly declines, pressured as a resurgence of COVID-19 worries clouded the energy demand picture, and broader markets kept eyes on a hawkish Federal Reserve. U...
Alibaba Will Be Critical Beneficiary Of China’s Reopening and Economic Recovery, Analysts Say
Mizuho analyst James Lee maintained Alibaba Group Holding Ltd (NYSE: BABA) with a Buy and cut the price target from $160 to $155. The ongoing COVID restrictions and slow macro has extended the 2H22 GM...
Could Hong Kong really become China’s proxy in crypto?
With its partial autonomy, the island city of Hong Kong has traditionally served as “a gate to China” — the local trade center, backed by transparent English-style common law and an openly pro-busines...
China’s Top Officials Give Hint on Party’s Economic Strategy
(Bloomberg) — Investors whipsawed by China’s policy signals in recent weeks can find clues about the economy’s long-term objectives in a series of articles published by top officials this month....
Everything Is Suddenly Going Right for China’s Stock Market
(Bloomberg) — After being the world’s worst performer for much of this year, a key index of Chinese stocks is the biggest gainer so far in November. Most Read from Bloomberg From Covid controls ...
China’s Big Tech Becomes Target for Investors Fearing Missing Out
(Bloomberg) — What do you do when China’s fast-moving markets offer investors a taste of the rebound they’ve been longing for? Buy the country’s beaten-down technology stocks. Most Read from Blo...
China’s chip executives brace for winter as US sanctions push country’s semiconductor industry to the brink of desperation
On a recent Wednesday afternoon in Shanghai, the founder of a semiconductor start-up spotted the head of a well-known chip venture capital firm near the elevator at an industry event – and grabb...
Asia’s Former Richest Woman Sees Wealth Demolished By China’s Property Woes
This story appears in the November 2022 issue of Forbes Asia. Subscribe to Forbes Asia Country Garden’s Fengming Haishang residential development in Shanghai. Qilai Shen/Bloomberg This story is part o...
Longfor’s Former Chairman Wu Yajun Becomes China’s Richest Woman, But Wealth Is Halved
This story appears in the November 2022 issue of Forbes Asia. Subscribe to Forbes Asia Wu Yajun Qilai Shen/Bloomberg This story is part of Forbes’ coverage of China’s Richest 2022. See the full list h...
Founder Of Fast-Fashion Phenomenon Shein Joins Ranks Of China’s Richest After New Fundraising
This story appears in the November 2022 issue of Forbes Asia. Subscribe to Forbes Asia Cezaro De Luca/Europa Press via Getty Images This story is part of Forbes’ coverage of China’s Richest 2022. See ...
BYD’s Wang Chuanfu Explains How China’s No. 1 EV Maker Caught Up With Tesla
This story is part of Forbes’ coverage of China’s Richest 2022. See the full list here. BYD’s Success Puts Him No. 11 On China’s 100 Richest With $17.7 Billion Fortune. The Chinese billionaire whose B...
Alibaba’s Jack Ma Stays At No. 5 On China’s 100 Richest 2022 Despite A Drop In Wealth
This story appears in the November 2022 issue of Forbes Asia. Subscribe to Forbes Asia Jack Ma Wang HE/Getty Images This story is part of Forbes’ coverage of China’s Richest 2022. See the full list he...
China’s 100 Richest See Record Plunge In Wealth—Down 39% To $907.1 Billion
Robin Zeng Paul Zinken/picture alliance via Getty Image This story is part of Forbes’ coverage of China’s Richest 2022. See the full list here. Mainland China’s economic, political and pandemic woes h...
Huaxia Eye Hospital IPO Mints China’s Latest Billionaire
A man walks by the gate of the Shenzhen Stock Exchange on August 20, 2020. (Photo by VCG/VCG via … [+] Getty Images) VCG via Getty Images It’s been a rough stretch this year for China stocks owi...
China’s Cash Drives America Towards Electrification
This week Foxconn, a Taiwanese company under the influence of China, injected another $170 million in Lordstown Motors, the Ohio electric truck company. This follows Foxconn’s purchase of Lordstown’s ...
China’s Covid controls are hurting more of the economy
Pictured here is a Shanghai neighborhood under Covid lockdown on Nov. 7, 2022. Qilai Shen | Bloomberg | Getty Images BEIJING — China’s Covid situation is only getting worse, preventing the count...
China’s Covid lockdowns an ‘absolute gut punch’: Analyst
COVID lockdowns at Apple’s (AAPL) main iPhone 14 Pro and iPhone 14 Pro Max plant in Zhengzhou, China, are hitting the company at what’s arguably the worst possible time. The holiday season is Apple’s ...
Buffett’s Berkshire sells more shares in China’s BYD
Warren Buffett’s Berkshire Hathaway (BRK-A, BRK-B) has continued trimming its large stake in Chinese automaker BYD (1211.HK), according to a filing listed today with the Hong Kong Stock Exchange. As r...
China’s Financial Footprint Deepens In Latin America
In the last two weeks, Mexico accounted for nearly half of all of China’s Belt and Road Initiative … [+] investments. China is making deeper inroads into Latin America via corporate brands...
Companies look to diversify as China’s Covid controls take a toll
After a Covid outbreak at a Foxconn factory in Zhengzhou, China, some workers chose to go home. Pictured here are the shuttle buses on Oct. 30, 2022. Vcg | Visual China Group | Getty Images BEIJING — ...
Investors Inhale CanSino Biologics’ Return Today As China’s Big Three Regulators Address Concerns
China Last Night KraneShares Key News Asian equity markets were mixed in advance of today’s Fed decision to raise interest rates another +0.75% with China and Hong Kong outperforming. Yesterday’s rumo...
Breaking China’s Grip on Rare-Earths Markets a ‘Pipe Dream,’ Australia Says
(Bloomberg) — Australia’s resources minister said it was a “pipe dream” that Western countries could soon end their reliance on China for rare earths and critical minerals — vital for the ...