A Chinese industrial accessories e-commerce site is considering reviving a US initial public offer after a signal of support for homegrown tech firms came from China’s securities watchdog, reports Bloomberg. According to people familiar with the matter, Zhenkunhang Industrial Supermarket Shanghai Co. is working with China Renaissance Holdings and Goldman Sachs to resume preparations for […]
Category: Markets
American businesses in China are unsure about further investment in the country because of increasing regulatory uncertainties, pessimism over market access and growth concerns, reports Bloomberg. The results come from a recent survey by the American Chamber of Commerce with around 40% of the 353 respondents viewing the regulatory environment as one of the driving […]
China’s export growth has moderated since the start of the year, indicating a stable global demand, reports Caixin. Exports rose 16.3% in dollar terms in the January-February period year-on-year, beating the 14% median estimate in a Bloomberg survey of economists. Exports had increased 20.9% in December. Imports increased 15.5% on year during the period, below […]
China announced its lowest growth target in thirty years as the country seeks to shore up its slowing economy after a difficult year and the fallout of the situation in Ukraine, reports the Financial Times. The growth target of 5.5% reflects lower growth expectations in 2022 compared with pre-pandemic rates as Beijing maintains its strict […]
February saw activity in the Chinese services sector expand at the lowest rate in half a year, as the sector struggles with the tough Covid-related containment measures across the country, reports Reuters. The Caixin/Markit services Purchasing Managers’ Index (PMI) dropped to 50.2 in February—the lowest since August and only a touch above the 50-point mark […]