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BUSINESSAug 17China’s pharma contractors rally as US supply chain pressures face industry resistanceChina’s pharmaceutical contractors are showing financial resilience in the face of Washington’s push to curb reliance on Chinese supply chains. Analysts said investors were bullish because the US government’s recent measures to curb Beijing’s rise as a global pharmaceutical supplier had met resistance from industry players reluctant to give up China’s cost advantages. Hong Kong-listed shares of WuXi AppTec, Asia’s largest provider of contract pharmaceutical research, gained 3 per cent on Monday...South China Morning Post
BUSINESSAug 17China’s economy cools amid debate about risks of global crisisChina’s retail sales growth trailed expectations, the pace of industrial output expansion slowed and a drop in investment worsened as its economy struggled to regain pace at the start of the second half of the year. July retail sales rose by 0.6 per cent, missing the 1.3 per cent expectation among economists polled by financial data provider Wind, and slowing from June’s 1 per cent rate. Industrial output rose by 4.5 per cent, trailing the 4.9 per cent forecast and June’s 5.3 per cent pace,...South China Morning Post
BUSINESSAug 17CXMT tops 4 trillion yuan as AI-fuelled memory rally lifts China’s chip championShares of ChangXin Memory Technologies (CXMT), China’s leading DRAM maker, jumped 12 per cent on Monday to close at a record 61.80 yuan (US$9.16), lifting its market capitalisation to 4.13 trillion yuan and extending its lead as China’s most valuable listed company. The Hefei-based chipmaker first overtook Hong Kong-listed Tencent Holdings on Thursday as China’s most valuable listed company, when CXMT’s market value reached about 3.54 trillion yuan. It had already become the most valuable...South China Morning Post
BUSINESSAug 17China’s property recovery is fragile, but ignoring it is a mistakeGlobal commercial real estate investment markets are roaring back to life. In the first half of this year, direct investment in commercial property rose 27 per cent in annualised terms. The sharpest increase was in the Asia-Pacific, where transaction volumes were up 38 per cent to US$92.5 billion, the strongest half-yearly performance on record, according to data from JLL. While there have been many positive surprises in Asian real estate since the eruption of the Covid-19 pandemic, the...South China Morning Post
BUSINESSAug 17China's economy slows further in July as retail sales barely grow, investment slump steepensThe data is reinforcing concerns about the health of the world's second-largest economy, which has grappled with a deepening supply-demand imbalance.CNBC
BUSINESSAug 17How China Green Transition is Breaking OPEC LeverageChina's green transition is reportedly weakening OPEC's influence in global markets. This indicates a shift in energy geopolitics and economic power dynamics.juancole.com · United States
BUSINESSAug 17The Cost of Keeping China OutHow Washington’s fear of Chinese investment hurts American competitiveness.Foreign Affairs
BUSINESSAug 17Why Seafolly is betting big on mainland ChinaSeafolly is making a significant investment in mainland China, indicating a strategic business move to expand its market presence. This article discusses a company's international business strategy.ragtrader.com.au · Australia
BUSINESSAug 17CXMT rise to China most valuable firm signals new era for country tech sectorCXMT's ascension to become China's most valuable firm indicates a new era for the country's technology sector. This suggests a significant shift in the competitive landscape and direction of the industry.businesstimes.com.sg · Singapore
BUSINESSAug 16A2 Milk profit tumbles 44% after China formula shortageSeeking Alpha Tech
BUSINESSAug 16US Travelers Can Now Use PayPal App for Local Payments in ChinaUS travelers can now use the PayPal app for local payments while in China. This development provides a new convenient digital payment option for tourists abroad.smallbiztrends.com · United States
BUSINESSAug 16Interview : Cooperation with China opens new opportunities for S . Africa agricultural growth , says industry representativeAn industry representative stated that cooperation with China is creating new opportunities for agricultural growth in South Africa. This suggests potential economic benefits for the sector.chinanationalnews.com · China
BUSINESSAug 16Musk’s headaches: meet China’s corporate matrix challenging his business empireUS entrepreneur Elon Musk has long been highly respected in China. His business ideas – from electric cars to rockets, humanoid robots and brain implants – have spawned Chinese followers, many of which now pose growing threats to Musk’s business empire. These Chinese competitors tend to follow a similar strategy: capitalise on the large domestic market to grow their business while taking advantage of the country’s integrated supply chains and expertise in fast-response manufacturing to hone...South China Morning Post
BUSINESSAug 16Interview : Cooperation with China opens new opportunities for S . Africa agricultural growth , says industry representativeAn industry representative states that cooperation with China presents new opportunities for agricultural growth in South Africa. This suggests an expanding economic partnership benefiting the agricultural sector.zimbabwestar.com · Zimbabwe
BUSINESSAug 16Interview : Cooperation with China opens new opportunities for S . Africa agricultural growth , says industry representativeCooperation with China is creating new opportunities for agricultural growth in South Africa, according to an industry representative. This highlights potential economic benefits and international trade relations.bignewsnetwork.com · United States
BUSINESSAug 16Luxury home sales rebound in mainland China but overall market recovery unlikely: analystsSales of luxury homes in mainland China’s top cities are picking up as high-net-worth individuals, benefiting from the country’s tech boom, splash out billions of yuan to improve their housing. The buying binge has sparked expectations of a broad market recovery after a six-year property slump across the country, according to brokers. But analysts said such homes represented just a small portion of the mainland’s property industry, with increasing sales and higher prices not enough to turn the...South China Morning Post
BUSINESSAug 15China targets its ultra-wealthy living abroad in tax bidAs Beijing seeks to close its budget deficit, authorities are tightening regulations on trusts established outside China, commonly used by the country's super-rich to avoid taxes.Le Monde [en]
BUSINESSAug 15Japan summer tourism season sees shift from China - driven demandJapan's summer tourism season is experiencing a change in demand, shifting away from its previous reliance on visitors from China. This indicates a change in tourism trends.japantoday.com · Japan
BUSINESSAug 15China to lift travel ban on Manus founders as Meta unwinds buyout deal: FTSeeking Alpha Tech
BUSINESSAug 15Apple gets U.S. warning not to buy memory chips from China: WSJSeeking Alpha Tech
BUSINESSAug 15GM Bets Next 20 Years on China , Three Years After NLPC Warned Shareholders - National Legal And Policy CenterGeneral Motors is reportedly focusing its next two decades of business on China, despite previous warnings to shareholders by the National Legal And Policy Center. This indicates a major long-term strategic decision for the company.nlpc.org · United States
BUSINESSAug 15Karaoke in the car? China’s new wave of gadget-laden electric vehiclesChina’s electric vehicles (EVs) already lead the way in terms of battery and autonomous driving technologies. Now, the country’s auto brands are adding a new dimension to the notion of intelligent cars: turning them into full-scale entertainment centres. A new wave of Chinese-developed EVs is hitting the market equipped with everything from voice-activated artificial intelligence (AI) assistants, to headlights that double up as film projectors and karaoke systems. Some even feature immersive...South China Morning Post
BUSINESSAug 15How China’s young managers grappled with billion-yuan mandates as AI shocks hit portfoliosAs Leopold Aschenbrenner’s US hedge fund saw assets wiped off by more than two-thirds in a single month, some of China’s new portfolio managers also felt the shock across the Pacific, learning bitter lessons early in their careers. The 50-day market turmoil, sparked by a global correction in artificial intelligence stocks in June, turned some of China’s rookie managers into an unwitting focal point. Even seasoned investors faced hard questions from clients as portfolios sagged. For Yuan Zeqiang,...South China Morning Post
BUSINESSAug 14Anglo American reaches iron ore supply deal with China’s state buyerAnglo American has secured a deal to supply iron ore to China's state buyer, indicating a significant business agreement.Seeking Alpha Tech