China Economic ReviewChinese Android handset maker OnePlus has returned to Germany’s smartphone market after a nearly 18-month hiatus, days after sister firm Oppo and Finnish telecommunications giant Nokia reached a global 5G patent cross-licensing deal to end a protracted legal dispute across 12 countries, reports the South China Morning Post. Shenzhen-based OnePlus on Monday brought back six […]
Chinese internet marketplace Temu has launched a multibillion-dollar internet advertising blitz in the US, as it seeks to grab market share from Amazon, reports the Financial Times. Now Dublin-based ecommerce giant PDD Holdings launched Temu in the US in September 2022 and then spent close to $3 billion in marketing last year, according to estimates from […]
Chinese investors and households have been buying gold as a refuge from local property and stock market mayhem, helping to support record prices for the haven asset, reports the Financial Times. China was the principal bright spot globally for gold jewellery and investment flows in 2023, according to industry group the World Gold Council’s quarterly […]
China Evergrande Group received a liquidation order from a Hong Kong court, setting off what’s likely to be a daunting process to carve up one of the biggest victims of a years-long and nationwide property debt crisis, reports Bloomberg. A wind-up will end up in the company being managed by provisional liquidators and addressing issues, […]
China’s debt-to-GDP ratio climbed to a new record high in 2023 despite the slow pace of borrowing, reflecting the economy’s weakening growth, a new report from a state-backed think tank shows, reports Caixin. The macro leverage ratio, which measures total outstanding nonfinancial debt as a share of nominal GDP, rose to 287.8% in 2023, 13.5 […]