Archive for November 15th, 2019

Alibaba’s Jack Ma says Singles’ Day shopping results miss expectations

15-Nov-2019 Intellasia | Reuters | 7:36 AM

Alibaba Group Holding Inc co-founder Jack Ma said on Wednesday results from the Singles’ Day annual online shopping festival had missed the Chinese e-commerce [...] » More

On China’s Yangtze river, giant dam’s legacy blocks revival

15-Nov-2019 Intellasia | Reuters | 7:36 AM

The 2,000 residents of Muhe, whose village was moved to higher ground a decade ago to escape the rising Yangtze River, have tried to make the most of their remaining land by [...] » More

China’s central bank dismisses reports of legal digital currency issuance

15-Nov-2019 Intellasia | Ambcrypto | 7:36 AM

China has been making headlines ever since it was revealed that the country is working on its digital currency, with China also accelerating its work on blockchain [...] » More

Chinese President Xi Jinping tells BRICS summit ‘protectionism and bullying’ hurting world economy

15-Nov-2019 Intellasia | South China Morning Post | 7:36 AM

“Protectionism and bullying” are harming the global economy, Chinese President Xi Jinping said in his closing address to a summit with emerging markets leaders in [...] » More

Sour grapes: Trade war puts cork in US wine sales to China

15-Nov-2019 Intellasia | AP | 7:36 AM

Caught in the crossfire of President Donald Trump’s trade war with China, US vineyards are struggling to sell Syrah in Shanghai and Chardonnay in Shenzhen. They risk [...] » More

Two people diagnosed with pneumonic plague in China

15-Nov-2019 Intellasia | The Guardian | 7:36 AM

Two people in China have been diagnosed with plague, the latest cases of a disease more commonly associated with historical catastrophe. Plague is caused by the bacterium [...] » More

Chinese yuan could strengthen to 6.90 per US dollar if ‘phase one’ deal is signed, says economist

Chinese yuan could strengthen to 6.90 per US dollar if ‘phase one’ deal is signed, says economist

15-Nov-2019 Intellasia | CNBC | 7:36 AM

The Chinese yuan could strengthen against the greenback if China and the US sign a so-called phase one trade agreement, according to an economist from Credit Agricole. [...] » More

Jobs at risk as China’s services sector feels heat of trade war

15-Nov-2019 Intellasia | Reuters | 7:36 AM

Annual profits at China’s Ningbo S-Power International Logistics Co are down a sharp 40 percent year-on-year, and export orders have also fallen at a similarly dizzying [...] » More

China Everbright Water reports 27pct rise in 3Q earnings to $32 mil

15-Nov-2019 Intellasia | The Edge Singapore | 7:36 AM

China Everbright Water has reported 3Q19 earnings of HK$183 million ($31.9 million), or HK$0.065, up 27 percent from a year ago. In 3Q19 ended September, the environmental [...] » More

Alibaba launches $13.4 billion HK listing to fund expansion

15-Nov-2019 Intellasia | Reuters | 7:36 AM

Chinese e-commerce giant Alibaba Group launched the share sale for its Hong Kong listing on Wednesday, braving unrest in the global financial hub to try to raise up to $13.4 [...] » More

Jobs at risk as China’s services sector feels heat of trade war

15-Nov-2019 Intellasia | Reuters | 7:36 AM

Annual profits at China’s Ningbo S-Power International Logistics Co are down a sharp 40 percent year-on-year, and export orders have also fallen at a similarly dizzying [...] » More

Bolsonaro says China part of Brazil’s future

Bolsonaro says China part of Brazil’s future

15-Nov-2019 Intellasia | AFP | 7:36 AM

China is increasingly part of Brazil’s future, President Jair Bolsonaro said Wednesday, signaling a more pragmatic approach to the Latin American country’s [...] » More

Exclusive: US manufacturing group hacked by China as trade talks intensified sources

15-Nov-2019 Intellasia | Reuters | 7:36 AM

As trade talks between Washington and Beijing intensified earlier this year, suspected Chinese hackers broke into an industry group for US manufacturers that has helped shape [...] » More

China continues small stimulus steps to boost infrastructure projects in face of economic slowdown

15-Nov-2019 Intellasia | South China Morning Post | 7:36 AM

China has taken another small step to help prop up its flagging economy by relaxing the minimum capital ratio requirement for some local government infrastructure projects. [...] » More

China’s economy shows further signs of weakness

15-Nov-2019 Intellasia | AFP | 7:36 AM

China’s economy betrayed further signs of strain on Thursday with data showing a sharp slowdown in consumer spending and factory production while investment growth hit [...] » More