A new Reuters poll shows that Chinese exporters are increasingly concerned about the economic impacts of a trade war, but trust that they can withstand any squeeze from tariffs. Over 60% of 91 firms participating in the biannual Canton Import and Export Fair earlier this week said that the trade war was a cause for […]
Category: Brief
The government of Shenzhen will sink over Rmb 15 billion ($2.17 billion) into a selection of local listed companies in a bid to offset the threat posed by rampant share dumping on China’s equity markets, Caixin reports. The bailout will apply to around 30 of the southern Chinese city’s top public companies, which have begun […]
The likes of BMW, Volkswagen, and General Motors all appear to be suffering from ailing demand and trade war threats in the world’s largest auto market, reports Automotive News China. Volkswagen Group posted a 5.7% drop in deliveries in September – the fourth straight month of decline – with the VW brand performing particularly poorly. […]
Netherlands-based Lithium Werks BV plans to build a massive lithium-ion cell factory in China in order to further tap into the country’s booming batteries market. The new plant will have a production capacity of 8 gigawatt-hours per year, and is due to start production within three years, the company’s chairman, Kees Koolen, told Bloomberg. Lithium […]
China’s troubled peer-to-peer (P2P) industry could be on the verge of collapse, say industry leaders, as new regulatory restrictions are set to cut the numbers of operating firms from the thousands to as few as 50 in the next year. Online lending has exploded in China in recent years, with firms taking advantage of an […]