Imports of integrated circuits (ICs) into China dropped in volume by 9.6% year-on-year in Q1 2022, a marked difference from the 33.6% increase during the same quarter last year, reports the South China Morning Post. The values of IC units it bought, however, were rising. In the first three months of the year, entities in […]
Category: Markets
Worldwide sales of new electric vehicles (EVs) experienced a 100% increase to 4.6 million units in 2021, reports Nikkei Asia. Spurred on by strong demand in China and Europe, EV sales surpassed those of hybrids for the first time. New EV sales around the world in 2021 increased to 2.2 times their 2020 level, while […]
LVMH, the world’s largest luxury group, posted expectations-beating sales growth in Q1 2022 despite the reappearance of Covid-19 disruptions in the Chinese market, a key driver of sales growth, and the volatility caused by the war in Ukraine, reports the Financial Times. Helped by strong sales at its biggest brands Louis Vuitton and Dior, first-quarter […]
China’s biggest offshore oil driller, CNOOC, will let investors subscribe to its up to RMB 32.3 billion ($5.1 billion) Tuesday IPO in Shanghai, reports the South China Morning Post. The state-owned firm will sell 2.6 billion shares, 5.5% of its total share capital, at RMB 10.8 each and hopes to raise between RMB 28.1 billion […]
Property sales for China’s top 50 developers dropped by 47% year-on-year in Q1 2022, as the struggling sector tries to find its feet despite promises of support from the government, reports Caixin. Sales by the 50 biggest developers in the first quarter were also lower than in the same period in 2020, when the COVID-19 […]