China’s May factory gate prices fell by the sharpest rate in more than four years, underscoring pressure on the manufacturing sector as the COVID-19 pandemic reduces trade flows and global demand, reported Reuters. The pandemic has disrupted trade to China’s key export markets including the United States and Europe, heaping further pressure on the outlook […]
Category: Brief
China’s premium and luxury passenger car retail sales jumped 28% from a year earlier, the best performing sector as the industry, the China Passenger Car Association said, as the country gradually recovers from the coronavirus, reported Reuters. Overall passenger car sales in May rose 1.9% from a year earlier to 1.61 million, the China Passenger […]
China’s new bank loans are expected to decline in May from the previous month, but are still expected to be higher than a year earlier amid continued policy support to bolster the economy against the impact of the coronavirus pandemic, reported Reuters. Chinese banks are estimated to have issued RMB 1.5 trillion ($211.84 billion) in […]
Chinese tech giant Tencent has launched a credit scoring system based on what users buy over its messaging app WeChat, a move that will enable it to offer consumer-related credit services on its platform even after it failed to get an official personal credit reporting license from the central bank, reported Caixin. The scores are based on […]
Chinese investment in Australia fell to its lowest level in a decade last year following the implementation of tougher rules on foreign investment and a sharp deterioration in diplomatic relations between the nations, reported the Financial Times. Chinese companies invested A$3.4 billion ($2.4 billion) in 2019, down 58% from A$8.2 billion a year earlier, with […]