Mainland China’s commercial and financial hub Shanghai has pledged to remove all regulatory hurdles for foreign investors to set up manufacturing businesses, as authorities move to shore up confidence in the local and national economies despite rising US-China trade tensions, reports the South China Morning Post. Mayor Gong Zheng said on Sunday that deepened reforms […]
Author: patrickbody
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Developer Vanke chairman resigns
China Vanke Co.’s recently appointed chairman has resigned from the role, in another blow to the embattled developer facing liquidity challenges, reports Bloomberg. Xin Jie, who stepped in the chairman role amid an abrupt management overhaul in January, has applied to resign from positions including the chairman, the developer said in an exchange filing to […]
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Playing interference
The Dutch government said on Sunday it is intervening at chipmaker Nexperia, which manufactures computer chips for the car and consumer electronics industries, due to worries about the possible transfer of crucial technology to its Chinese parent company, Wingtech. The Netherlands is a crucial part of the global chip supply chain, with chip-making equipment manufacturer […]
Chinese stocks listed on the Chinese mainland and in Hong Kong attracted a net inflow of $4.6 billion from long-only US and EU funds last month, marking the highest monthly level in nearly a year, according to a Morgan Stanley report, reports Caixin. The largest inflow since November 2024 was driven by passive funds, whose […]
China announced new export controls on high-performance lithium-ion batteries and related materials on Thursday, a move that could reshape global supply chains for electric vehicles and advanced energy storage, reports Caixin. The decision broadens Beijing’s existing restrictions on cutting-edge battery technology and underscores its determination to treat strategic industries as matters of national security. The new […]