Archive for May 1st, 2021

China’s economic sentiment down more than expected in April as growth cools

China’s economic sentiment down more than expected in April as growth cools

01-May-2021 Intellasia | South China Morning Post | 5:02 AM

The “peak” of China’s economic growth has already passed or will soon do so and momentum will only “wane” further for the remainder of the year, [...] » More

China’s imports of US coal, Canadian barley continue to climb amid ban on Australian exports

01-May-2021 Intellasia | South China Morning Post | 5:02 AM

China continued to buy large quantities of coal from the United States in March, moving it closer to meeting its obligations under the US-China trade deal and replacing [...] » More

Bangladesh approves China’s Sinopharm coronavirus vaccine

01-May-2021 Intellasia | Reuters | 5:02 AM

Bangladesh’s drug regulator said on Thursday it had approved the emergency use of a vaccine developed by an affiliate of China’s Sinopharm, as it scrambles to [...] » More

Huawei’s smartphone business collapses after US blacklisting

01-May-2021 Intellasia | The Telegraph | 5:02 AM

Huawei’s smartphone business is on a downward spiral as the Chinese company feels the chill from a US blacklisting that has strangled its supply chain. The [...] » More

China orders fintech companies to stick to the rules as clampdown widens

01-May-2021 Intellasia | CNBC | 5:02 AM

Chinese financial watchdogs on Thursday summoned 13 internet platforms engaged in finance business, including heavyweights Tencent and ByteDance, to order them to strengthen [...] » More

Why China may struggle to meet its Covid-19 vaccination target by June

01-May-2021 Intellasia | South China Morning Post | 5:02 AM

Last week, tenants of an office building in Beijing’s Chaoyang district were informed that new recruits would not be allowed to enter without producing a Covid-19 [...] » More

EXCLUSIVE Huawei deepens dive into EVs, seeks control of small automaker-sources

01-May-2021 Intellasia | Reuters | 5:02 AM

China’s Huawei Technologies is in talks to take control of a small domestic automaker’s electric vehicle unit, two people with direct knowledge of the matter [...] » More

China’s Factory Outlook Eases as Economic Recovery Moderates

01-May-2021 Intellasia | Bloomberg | 5:02 AM

Discover what’s driving the global economy and what it means for policy makers, businesses, investors and you with The New Economy Daily. Sign up here A gauge of [...] » More

China’s $11 trillion stock market needs cyclical catalysts to end lethargy amid debates on growth outlook, BCA Research says

01-May-2021 Intellasia | South China Morning Post | 5:02 AM

China’s $11 trillion stock market will have to wait for a couple of breakthroughs from cyclical and defensive sectors before prices can snap out of their tight range [...] » More

Chinese manufacturing rises in April but growth might slow

01-May-2021 Intellasia | AP | 5:02 AM

Chinese manufacturing expanded in April but growth might be slowing after a rebound from the coronavirus pandemic, two surveys showed Friday. A monthly purchasing [...] » More

Growth in China’s services sector slows in April – official PMI

01-May-2021 Intellasia | Reuters | 5:02 AM

Activity in China’s services sector grew at a slower pace in April but remained well in expansionary territory, official data showed on Friday, as the domestic [...] » More

Hungary eyes vaccine passport deals, holds talks with China

01-May-2021 Intellasia | Reuters | 5:02 AM

Hungary will pursue bilateral agreements recognising COVID-19 vaccine certificates that would allow citizens to travel among participating countries, the prime [...] » More

China urges US to restrain frontline forces in nearby seas

01-May-2021 Intellasia | Reuters | 5:02 AM

The Chinese defence ministry urged the United States on Thursday to rein in its frontline forces which Beijing has said have become more active in the air and seas near China [...] » More

Record number of Chinese to travel over Labour Day break, but stick close to home

01-May-2021 Intellasia | Reuters | 5:02 AM

“For example, Sanya is a substitute to Thailand, and Xinjiang and Tibet are substitutes to cross-border long-distance trips,” he said. Hotel room rates have [...] » More

China summons internet firms to warn over unfair competition

01-May-2021 Intellasia | AFP | 5:02 AM

Financial regulators in China summoned 13 internet companies on Thursday to call for changes to their fintech operations, the central bank said in a notice, as Beijing ramps [...] » More