China’s housing construction has slowed to its lowest level in more than two decades, reports Caixin. The shift marks a structural turning point for China’s property sector, which is now focused on shrinking balance sheets and clearing excess inventory rather than expanding supply. Data released by the National Bureau of Statistics showed that nationwide residential housing […]
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MetaX Integrated Circuits soared on its trading debut in Shanghai, reports the South China Morning Post. This is the second producer of graphics processing units (GPUs) to go public this month amid optimism about China’s push for self-sufficiency in semiconductors and artificial intelligence. The shares of the Shanghai-based company began trading at RMB 700 on 17 December […]
China’s financial regulators are tightening controls on high-cost consumer lending, reports Caixin. This move could reshape business models across the country’s fast-growing consumer lending sector, including US-listed Chinese lending platforms. The crackdown highlights Beijing’s effort to contain household debt risks without undermining consumer spending, which policymakers continue to promote as a pillar of economic recovery. Authorities […]
China has sharply reduced tariffs on European Union pork imports worth over $2 billion, reports Reuters. This is the final ruling of an anti-dumping investigation regarded to be a response to the bloc’s duties on Chinese electric vehicles. China will impose tariffs of between 4.9% and 19.8% on pork imports from the EU for a five-year […]
Mannings, one of Hong Kong’s largest health and beauty chains, will cease all retail operations in mainland China, both online and offline, reports the South China Morning Post. This is part of the company’s strategy to adjust in the highly competitive market. In a letter to its members, Mannings China said its physical stores on the […]