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BUSINESSAug 21China advances a step toward dissolving China EvergrandeChina is reportedly advancing a step toward dissolving its real estate giant, China Evergrande. This indicates significant movement in the financial restructuring of a major developer.Seeking Alpha Tech
BUSINESSAug 21Tesla forced to recall record 3 million cars in China over door-handle issueTesla has issued the largest-ever product recall in mainland China’s electric vehicle (EV) market, as Elon Musk’s firm pledges to fix a door-handle issue affecting nearly 3 million cars. The massive recall comes as Chinese regulators move to ban retractable car door handles over safety fears, after a fatal incident last year in which a driver was left trapped inside a burning vehicle as passers-by were unable to open the car doors. While Tesla is not the only company affected by the move, the US...South China Morning Post
BUSINESSAug 21Una madre de 60 años y su hijo de 30 dedicaron media década a crear "Niu Lai", una película animada de 200 dólares: tras un rotundo fracaso, hoy es un éxito de taquilla de 4 millones de dólares en ChinaCalificada por los espectadores como "peor que la IA" y realizada por solo dos personas, la historia surrealista de un ternero y una alondra vendió menos de 300 entradas en su estreno antes de convertirse en un fenómeno de culto.Clarín
BUSINESSAug 21China’s trade grip tightens in Europe as clock ticks towards October deadlineMidway through a three-month negotiating period with Beijing, new data shows the trade balances of 24 European Union member states are still moving in what Brussels considers to be the wrong direction. China extended its trade surplus over all but three EU members in July compared to a year earlier, calculations based on new Chinese customs figures showed. In some instances, the monthly swing was dramatic. China’s surplus with Sweden quadrupled, while for Malta it rose by 166.6 per cent. For...South China Morning Post
BUSINESSAug 21China’s trade grip tightens in Europe as clock ticks towards October deadlineMidway through a three-month negotiating period with Beijing, new data show the trade balances of 24 European Union member states are still moving in what Brussels considers to be the wrong direction. China extended its trade surplus over all but three EU members in July compared to a year earlier, calculations based on new Chinese customs figures showed. In some instances, the monthly swing was dramatic. China’s surplus with Sweden quadrupled, while for Malta it rose by 166.6 per cent. For...South China Morning Post
BUSINESSAug 21BofA Securities flags contrarian trades across bonds, China, dollar, AI and U.S. midtermsBofA Securities has identified several contrarian trading opportunities across various markets and political events, including bonds, China, the dollar, AI, and U.S. midterms. This signals potential shifts or overlooked trends for investors.Seeking Alpha Tech
BUSINESSAug 21China ramps up policy support to unlock domestic demandChina is intensifying its policy support to stimulate domestic demand. This initiative aims to boost the national economy by encouraging internal consumption.shanghainews.net · China
BUSINESSAug 21AXT in focus as Wedbush weighs in on potential China delaysAXT is under scrutiny as Wedbush analyzes potential business delays related to China. This analysis indicates possible impacts on the company's operations and market performance.Seeking Alpha Tech
BUSINESSAug 21Why some of America's biggest brands are losing ground in ChinaNike, Starbucks and GM have lost ground in China as domestic rivals, geopolitics and changing consumer preferences reshape the market.CNBC
BUSINESSAug 21Beyond the Buyout : China USD fundraising is back , but it has a catchChina's USD fundraising activities are reportedly returning, but with certain caveats or challenges. This suggests evolving dynamics in international investment in China.dealstreetasia.com · India
BUSINESSAug 20Despite US sanctions on Xinjiang cotton, China’s textile industry weathers the stormWhen the US government announced the addition of 43 Chinese companies to an import blacklist in late July over allegations of forced labour in the country’s western Xinjiang Uygur autonomous region – including several household food and apparel brands – the local reaction to the news was surprisingly calm. “It felt like a sudden batch of companies was added out of nowhere … but it shouldn’t have much of an impact on the sector,” said the owner of a cotton-ginning mill in southern Xinjiang, who...South China Morning Post
BUSINESSAug 20Fortescue's full-year profit drops as China challenges persistA company's full-year profit has decreased due to ongoing challenges in a foreign market. This highlights the impact of international market conditions on corporate performance.Seeking Alpha Tech
BUSINESSAug 20China urges US to drop sweeping drone tariffs, warns of global supply chain falloutBeijing has urged Washington to scrap planned tariffs of up to 100 per cent on imported drones, warning the measures unfairly target Chinese products and threaten global supply chains. The tariffs are not set to take effect until September 3, but Chinese drone shipments to the United States are already under pressure, with exports of some models plunging in July, the latest customs data showed. On Thursday, He Yadong, a spokesman for the Ministry of Commerce, said Beijing firmly opposed...South China Morning Post
BUSINESSAug 20China Evergrande founder sentenced to life in prisonThe founder of China Evergrande has been sentenced to life in prison. This marks a significant legal outcome for a prominent figure associated with the distressed real estate giant.Seeking Alpha Tech
BUSINESSAug 20China condena a cadena perpetua al fundador del gigante inmobiliario Evergrande por un fraude millonarioLa empresa fue el principal promotor inmobiliario del país asiático a comienzos de los años 2000.Su quiebra, en 2021, desató una profunda crisis en uno de los sectores más pujantes y golpeó a la economía china.El multimillonario Hui Ka Yan se había declarado culpable de fraude y soborno.Clarín
BUSINESSAug 20Haeco, China Aircraft Leasing Group sign MOU to build maintenance hub in Hong KongHong Kong Aircraft Engineering Company (Haeco) has signed a memorandum of understanding with the country’s largest independent aircraft lessor to set up a maintenance centre in the city, forging what authorities described as a “powerful alliance” between industry giants. The Transport and Logistics Bureau on Thursday revealed that Haeco, a sister company of flag carrier Cathay Pacific Airways, had signed the agreement with China Aircraft Leasing Group Holdings Limited (CALC) earlier in the...South China Morning Post
BUSINESSAug 20China to support 3 mln industrial workers in further education , skills upgradingChina plans to support three million industrial workers by providing further education and skills upgrading opportunities. This initiative aims to enhance the capabilities of its workforce.en.people.cn · China
BUSINESSAug 20Evergrande tycoon at the heart of China property crisis jailed for lifeThe tycoon at the center of China's Evergrande property crisis has been sentenced to life imprisonment.kvia.com · United States
BUSINESSAug 20Hesai rides on lidar growth as smart cars gain ground despite China’s struggling marketChinese carmakers’ reinforced push to produce more smart vehicles could sustain growth for hi-tech component suppliers, even as the broader automotive market remains lacklustre, according to Hesai Group chief financial officer Andrew Fan. “Orders for our lidar sensors [this year] were higher than in the same period last year,” Fan told the South China Morning Post on Wednesday. “An increasing percentage of new [car] models are now fitted with lidars as brands make them more intelligent.” Hesai –...South China Morning Post
BUSINESSAug 20China jails Evergrande founder for life, fines firm over $2bnVanguard Nigeria
BUSINESSBREAKINGAug 20Founder of China Evergrande given life in prisonthecourier.com.au · Australia
BUSINESSAug 20China Evergrande founder sentenced to life in prisonThe founder of China Evergrande has received a life sentence in prison. This marks a major legal outcome for a prominent figure in a significant business entity.freemalaysiatoday.com · Malaysia
BUSINESSAug 20China sentences former Evergrande boss to life in prison - XinhuaChina has sentenced the former boss of Evergrande to life in prison, according to Xinhua.english.news.cn
BUSINESSAug 20No Suit Spot in China for India IncIndian corporations face difficulties finding business opportunities in China.economictimes.indiatimes.com · India
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