China’s consumer inflation eased to a 14-month low in May, dragged down by moderating gains in pork and food costs, while the decline in prices at the factory gate deepened to a four-year low as oil prices slumped, official data showed Wednesday, reported Caixin. The consumer price index (CPI), which measures the prices of a […]
Category: Brief
Taiwan Semiconductor Manufacturing Company has indicated it will not exploit apparent loopholes in the latest US restrictions on working with Chinese technology group Huawei and will comply with Washington’s intentions, reported the Financial Times. The remarks from Mark Liu, TSMC chairman, suggest the ban by the Department of Commerce on companies selling Huawei-designed chips back […]
China’s top banking regulator slashed the amount of money small and midsize banks have to keep on hand to cover losses from bad loans, aiming to bolster lending to virus-stricken businesses, reported Caixin. The China Banking and Insurance Regulatory Commission (CBIRC) issued a notice making the change, people with knowledge of the matter said. The […]
Chinese companies are putting off plans for U.S. listings as tensions between the world’s top two economies rise, lawyers, bankers, accountants and regulators involved in what has been a major capital-raising route told Reuters. The drop in interest, especially from those in the early stages of planning, is the result of a proposed US legislation […]
China’s business environment is becoming increasingly politicized and foreign firms are having to compete against an evermore dominant state sector, according to a leading European business group, reported the South China Morning Post. In its annual survey, the European Union Chamber of Commerce in China for the first time asked its member companies about the […]