China Economic ReviewChina’s factory activity growth slowed in June, a private sector survey showed on Monday, with sentiment waning and recruitment cooling as firms grew increasingly concerned about sluggish market conditions, reports Reuters. The Caixin/S&P Global manufacturing purchasing managers’ index (PMI) eased to 50.5 in June from 50.9 in May, indicating a marginal expansion in activity. The […]
South Korea’s Samsung Display has filed a lawsuit against BOE Technology, accusing the Chinese rival of infringing five of its patents for displays used in mobile devices including Apple’s iPhone 12, reports Nikkei Asia. Samsung Display, a unit of Samsung Electronics, asked a federal jury in Texas to award damages for the infringement of patents […]
Chinese firms’ dollar-bond issuance hit the lowest level in a decade during the second quarter, and there are few near-term catalysts to reverse the trend as cheap onshore borrowing costs and economic uncertainty persist, reports Bloomberg. Activity last quarter slumped 78% from a year earlier to $8.7 billion, according to data compiled by Bloomberg. From […]
Dozens of ASML chipmaking machines destined for China will soon need a licence to be shipped after the Dutch government followed the US and Japan in imposing tough curbs on technology exports, reports the Financial Times. The Hague said that, from September 1, it will bar high-end chipmaking machines, which could be used for “advanced […]
New home prices in China edged down in June from the previous month, marking a second straight month of declines, and housing sales are likely to remain weak over the summer when demand is usually at a low ebb, according to a private survey, reports Reuters. The average price of new homes in 100 cities […]