Category:

China’s state-run funds have poured in money to shore up stock prices, as regulators struggled to overcome “uber-weak” confidence among global investors, reports the South China Morning Post. The funds, often dubbed the “National Team,” have bought RMB 70 billion ($9.8 billion) worth of local shares over the past month, according to an estimate by Goldman […]

Semiconductor Manufacturing International Corp. posted a better-than-expected quarterly profit thanks to robust demand for Huawei Technologies’s marquee smartphones powered by components made by the Shanghai-based chipmaker, reports Caixin. Net income reached $174.7 million in the three months ending in December, compared with the average analyst estimate of $139.1 million. Revenue totaled $1.68 billion, the company […]

China’s state-owned enterprises are putting pressure on the country’s previously dynamic private sector, reports Nikkei Asia. The combined market capitalization of big private companies has fallen by about 60% in the two and a half years to the end of 2023, a study by a US think tank has found. Many market watchers believe China’s tightening […]

Germany’s trade deficit with China shrank for the first time since 2018—helping to more than double the country’s overall surplus, reports Bloomberg. The gap with the Asian nation narrowed to €58.4 billion ($63 billion) last year, down from a high of €86 billion in 2022, data published Monday by Germany’s statistics office showed. Even so, […]

Huawei Technologies climbed back to the No. 1 spot of China’s smartphone market in the initial two weeks of this year, according to a report by research firm Counterpoint, putting more pressure on 2023 industry leader Apple and major mainland rivals in the world’s largest handset market, reports the South China Morning Post. This marks the […]