China’s manufacturing sector expanded at its slowest pace in 15 months in July as output growth softened and new orders dipped, a Caixin-sponsored survey showed. The Caixin China General Manufacturing Purchasing Managers’ Index (PMI), which gives an independent snapshot of the country’s manufacturing sector, slipped to 50.3 from 51.3 the previous month, according to a report […]
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China’s most indebted property developer Evergrande Group has agreed to sell stakes in its internet unit HengTen Networks Group worth a total of HK$3.25 billion ($418.2 million), an exchange filing showed on Sunday, reported Reuters. Shares of Evergrande declined more than 2% in early trading on Monday on continued worries over its financial health, while HengTen […]
China ordered 25 technology companies to carry out internal inspections as part of a campaign to root out illegal online activity, reported Bloomberg. The Ministry of Industry Information Technology told its largest internet and hardware companies including Alibaba and Tencent on Friday to carry out internal reviews and fix issues ranging from data security to consumer rights protection. […]
China-based companies will have to disclose more about their structure and contacts with the Chinese government before listing in the US, the Securities and Exchange Commission said on Friday, reported the Financial Times. Gary Gensler, the chair of the US corporate and markets regulator, has asked staff to ensure greater transparency from Chinese companies following […]
If there was ever any doubt, this last week has shown just how determined Those in Command are to maintain absolute control over all elements of the system and society, regardless of the implications for growth, innovation and even investment. The hammering of tech firms, most notably Tencent, and the stringent controls on education-related companies, […]