China’s Anta Sports Products said on Tuesday it would buy a 29.06% stake in Puma for €1.51 billion ($1.79 billion), reports Reuters. The deal will make it the biggest shareholder in the German sportswear maker. The Hong Kong-listed company will pay €35 per share in cash for 43 million Puma shares, Anta said in a stock exchange […]
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China’s manufacturing powerhouse, Guangdong province, has reported a GDP growth rate of just 3.9% for 2025, falling short of the target for the province of 5%. While the figures have only been released for a few provinces/regions, Guangdong appears to be on the lower end. Manufacturing hubs Shandong and Zhejiang both announced 5.5%, while Shanghai […]
Chinese domestic planemaker, Comac, is set to ramp up production of its C919 jets this year, aiming to sell 28 units or more, reports the South China Morning Post. Last year it delivered 15, well short of the 75 planned. While setbacks forced Commercial Aircraft Corporation of China (Comac) to cut back on its delivery targets last year, […]
China is set to ramp up imports of Russian oil in January, absorbing barrels that would have previously gone to India and Turkey, reports Reuters. This comes as tougher Western sanctions force Moscow to redirect flows, LSEG data and traders said. China is due to receive nearly 1.5 million barrels per day (bpd) of Russian oil […]
China’s banking wealth management market expanded to a record RMB 33.29 trillion ($4.8 trillion) in 2025, up 11.15% from the year start, reports Caixin. This comes even as average investor returns slipped below 2% for the first time, highlighting the disconnect between asset growth and yield performance. The industry’s growth underscores the continued enthusiasm of China’s […]