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China Business News: China Finance News, China Stock Market News

China

China 2023 Earnings Forecasts Lifted by Reopening Boost Hopes

Analysts predict a consumption rise as lockdown savings are spent following three years of economically suffocating Covid restrictions

1 day ago

China Rolls Back Covid-19 Curbs in Beijing, Shenzhen

Even though daily cases are near all-time highs, some cities are loosening Covid-19 testing and quarantine rules following large-scale public…

1 day ago

Evergrande Chief Voice Clip Put on WeChat Amid Suicide Rumour – SCMP

A voice clip of Hui Ka-Yan was posted on social media on Friday just as rumours circulated that he had…

2 days ago

China Banks Told to Issue Offshore Loans to Pay Developers’ Debt

The top four state banks have been given a week to issue offshore loans to help developers 'of good quality'…

2 days ago

Looser Covid Rules Causing Relief, Anxiety in Chinese Cities

Some communities now require less frequent testing and are allowing close contacts of infected people to quarantine at home. New…

2 days ago

China Evergrande Halts EV Production Due to Lack of Orders

China Evergrande NEV Group said in September it had started producing its Hengchi 5 model at a plant in Tianjin…

2 days ago

US Moves to Drop Charges Against Huawei CFO Meng Wanzhou

US prosecutors asked a judge on Thursday to dismiss bank fraud and other charges against a senior Huawei official arrested and…

2 days ago

Apple Revenue Forecast Cut as Covid Curbs Hit iPhone Output

Analysts at Piper Sandler are predicting Apple will sell 9 million fewer iPhones in this quarter as a result of…

3 days ago

Hong Kongers Line up for BioNTech Omicron Vaccines – SCMP

Hong Kong residents can now receive the German-made bivalent shots to protect them against the original coronavirus plus the latest…

3 days ago

Chinese Developers’ Offshore Creditors Eye Bargains as Outlook Lifts

With Beijing stepping up support for the property sector, some offshore bondholders are looking for bargains amid hope China's cash-squeezed…

3 days ago

Chinese Miner Zijin Vows to Continue Huge Lithium Buying Spree

Zijin has spent $16 billion buying three lithium mines over the past year, but its president says the group aims…

3 days ago

Asian Markets Rise After Powell Suggests Rate Hikes Set to Slow

Federal Reserve chairman's remarks – that the US Fed could reduce the pace of its rate hikes this month –…

3 days ago