Citigroup Inc and Credit Suisse Group AG have dropped out of the US initial public offering of Chinese shared workspace provider Ucommune, balking at its desired valuation, reported Reuters.... Read more
China’s Tewoo Group has forced investors to take losses on a US dollar bond, marking the largest failure to repay dollar debt by a state-owned company in two decades and provoking fears of a... Read more
Apple’s iPhone shipments in China fell more than 35% in November, marking their second straight double-digit decline as sales of the cheaper iPhone 11 remained sluggish, brokerage Credit Sui... Read more
China’s top policymakers pledged more-effective measures to ensure stable growth next year as the world’s second-largest economy faces increasing downward pressures, reported Caixin. ... Read more
President Trump has agreed to a limited trade agreement with Beijing that will roll back existing tariff rates on Chinese goods and cancel new levies set to take effect Sunday as p... Read more
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