Semiconductor chips, renewable energy and consumer-focused firms are becoming the new investment darlings in China, with investors believing they provide safety from the whirlwind of regulatory action currently pushing funds to overhaul portfolios, reports Reuters. Money managers view months of crackdowns that have hammered shares in sectors from tutoring to big tech as part of […]
Author: patrickbody
The “Made in China, sold on Amazon” community is looking to decrease its reliance on the Seattle-based e-commerce giant, Amazon.com, reports the South China Morning Post. The Post reported that, according to a Shenzhen-based trade organization, the community of Chinese merchants is expecting tougher business conditions due to a crackdown that has closed over 50,000 […]
One of China’s state-owned telecommunications giants, China Telecom Corp. Ltd., only raised a third of its full-year investment targets in the first six months of 2021, reports Caixin. A senior company executive revealed that a shortage of semiconductor chips and a weak demand for its 5G equipment were contributing factors. The company spent RMB 27 […]
NIO, a premium electric vehicle (EV) manufacturer, has announced that it is developing a new mass-market brand with the intention of competing with established auto giants VW and Toyota, reports Reuters. The Chinese EV maker is currently positioned against luxury brands Audi and BMW. The automaker had stepped up preparations to make mass-market products under […]
The Chinese Central Committee and State Council, or cabinet, jointly released a five-year plan aimed at increasing regulatory control over strategic sectors on Wednesday, reports the FT. The move comes as part of Beijing’s latest push to strengthen their position in sectors such as technology and healthcare. The plan would expand government legislation and build […]