The top news has been Didi Chuxing’s huge IPO in New York, followed by the sudden, and for sure carefully-timed announcement from Beijing that Didi was subject to a security review based on use of its user data. Didi’s share price tanked up to 25% before recovering slightly. But the timing of it all, in […]
Author: grahamearnshaw
Price increases moderate in June, but authorities appear to be uneasy about the short-term cost pressures on manufacturers and the unbalanced nature of the longer-term recovery, reported the Wall Street Journal. China’s producer-price index rose 8.8% in June from a year earlier, edging down from May’s year-over-year surge of 9.0%, the National Bureau of Statistics […]
China’s central bank warned that stablecoins, a type of digital currency, pose serious risks to global financial systems, while stressing that China’s digital yuan doesn’t have the same problems, reported Caixin. Digital currencies issued by private institutions, including stablecoins, have become speculative tools that threaten financial security and social stability, and have become used as […]
Car sales in China fell 12.4% in June from the corresponding month a year earlier, industry data showed on Friday, as a global shortage of semiconductors hit production in the world’s biggest market, reported the South China Morning Post. China’s overall sales stood at 2.02 million vehicles in June, according to data from the China […]
China’s most popular fitness app pulled out of plans to file for an initial public offering in the US last week as Chinese regulators announced an investigation into data security concerns at Didi, reported the Financial Times. Keep, which is backed by Japan’s SoftBank and China’s Tencent and is expected to raise up to $500m, […]