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China will account for a fifth of the world’s new aircraft deliveries over the next 20 years, driven by above average economic growth and booming demand for domestic air travel, according to Boeing Co, reports Bloomberg. In its Commercial Market Outlook released Wednesday, the US planemaker said China will need 8,560 new commercial aircraft through […]

China Evergrande Group shares plunged as much as 25% after authorities detained some staff of its money management business, a sign that the saga around the defaulted developer at the heart of China’s property crisis has entered a new phase involving the criminal justice system, reports Bloomberg. The stock slid 9.7% as of 10:03 am […]

JP Morgan and ANZ on Friday raised their 2023 economic growth forecast for China, after August economic numbers offered some signs of stabilization in the world’s second-largest economy, reports Reuters. Both raised their GDP forecast by 20 basis points each to 5% and 5.1% respectively, with JPM saying notable recovery in retail sales and rise […]

TikTok has been hit with a €345 million EU fine over the way it processed the personal data of children and teenaged users, the first handed out by the bloc to the Chinese-owned social media platform, reports the Financial Times. Ireland’s Data Protection Commission, the regulator responsible for holding TikTok Technology to EU data protection law, […]

Initial public offerings (IPOs) by mainland Chinese technology, media and telecommunications (TMT) companies declined in total number and value of funds raised in the first half of this year, according to PwC, but new capital market reform policies and the country’s economy recovery are expected to boost this sector’s outlook, reports the South China Morning […]