Thursday, June 17, 2021
China’s manufacturing recovery weakened for a third month in February as exports and new orders declined, according to two surveys released Monday. A monthly purchasing managers’ index (PMI) issued by business magazine Caixin, declined to 50.9 from January’s 51.5 on a 100-point scale on which numbers above 50 show activity...
China's public and private sectors are set to spend 10.6 trillion yuan (US$1.6 trillion) through 2025 to develop next-generation infrastructure, including the 5G network and electric-vehicle charging stations. This is especially important for the economic juggernaut as trade friction with the US looks likely to continue despite the change...
Despite all the hardships and logistical cartwheels that were caused by the Covid-19 pandemic, China’s economy grew at a faster than expected pace in the fourth quarter of 2020, ending a rough coronavirus-stricken 2020 in remarkably good shape and remained solidly poised to expand further this year. The country’s GDP...
Chinese companies are making waves in global earnings. Chinese companies involved in electric vehicles, healthcare, and e-commerce, in particular were among the world’s 500 most valuable non-state-controlled companies last year, in terms of both market value and numbers, according to Shanghai-based Hurun Research Institute. Led by Tencent Holdings and Alibaba...
Recently, NIO, a Chinese automobile manufacturer, has launched a mass production electric car with what could be the world’s farthest driving range, as it ups the ante with Tesla for customers in the largest market for new-energy vehicles on the planet. The competition is truly heating up now in China’s...
The Hong Kong stock exchange received a massive punch to the gut when Ant Group’s highly anticipated IPO was shelved. Said IPO was set to make history with record breaking numbers. However, despite this setback, the city is still on track to end 2020 as one of the world’s...
More than 40 Singapore Businesses Set to Seize New Opportunities in China at China International Import Expo (CIIE) 2020 The Singapore Business Federation (SBF), with support from Enterprise Singapore, is leading more than 40 Singapore businesses to participate in the China International Import Expo 2020 (CIIE) in Shanghai from 5...
China’s economy grew by 4.9 per cent in the third quarter compared with a year earlier, accelerating from growth of 3.2 per cent growth in the second quarter, the National Bureau of Statistics announced on Monday. The world’s second-largest economy has recovered strongly after shrinking by 6.8 per cent...
China is set to play down the nation’s headline growth rate to highlight “growth quality” and “security” in its development plan for 2021-25 and beyond. President Xi Jinping chaired a gathering of the Politburo on Monday, and the body endorsed the country’s five-year plan for 2021-25 as well as...
Recently, OneSME, a cross-border digital trade platform for SMEs in Singapore and China, was launched in order to facilitate trade more easily between SMEs of the two nations. OneSME will connect business-to-business (B2B) platforms in the two countries to help local SMEs expand their overseas reach and tap significant demand...
Chinese start-up WM Motor Technology Group said on Tuesday that it had completed a 10 billion yuan (US$1.5 billion) round of fundraising, riding the wave of investor enthusiasm for electric vehicle makers. The Series D round of financing was led by a Shanghai state-owned investor group, including SAIC Motor....
Malaysia’s exports are set to benefit from improving Chinese import demand and the electronics cycle, according to the Global Economic Outlook report from Oxford Economics. The report, which was commissioned by the Institute of Chartered Accountants in England and Wales (ICAEW), indicated that the speed of economic recovery will...

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