More than 80 percent of China's SMEs are facing cash flow problems, according to a report issued by Fudan-Ping An Research Institute for Macroeconomy under Ping An Digital Economic Research Center and the School of Economics, Fudan University.
SMEs in China have always faced issues with financing, and the COVID-19...
As global supply disruptions and fresh Covid-19 cases hit businesses and consumer spending, Japan's economy contracted much faster than expected in the third quarter, raising challenges for the new government's growth plans.
While many analysts expect the world's third largest economy to rebound in the current quarter, worsening global production...
Hong Kong economy shrinks for first time in a decade
The Hong Kong economy's first recession in a decade deepened in the fourth quarter of 2019, weighed down by anti-government protests and the US-China trade war. Last year was the worst for Hong Kong's growth since 2009, when the financial...
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....
China has pledged to increase its measures in an effort to strengthen its troubled banks and small enterprises; all the while continuing to crackdown on shadow banking and property speculation. This is a difficult balancing act for the nation as it risks an uncontrollable buildup in bad debt at...
Zhang Yiming, co-founder of TikTok owner ByteDance, told employees of the Chinese technology giant in a memo that he will step down as chief executive and be succeeded by co-founder Rubo Liang, the company disclosed on Thursday.
The move, first reported by Reuters, represents the biggest corporate shake-up at ByteDance...
Thousands of Hong Kong lawyers stage rare protest urging end to political prosecutions during anti-gov’t demos
Thousands of legal sector professionals staged their second “black clothes” march in two months urging for an end to political prosecutions, for the Department of Justice to retain its independence and for the government...
China’s Services Sector Shows Strong Growth Since Start of COVID 19China’s services sector bounced back strongly in May, posting the first growth since the beginning of the COVID 19 pandemic outbreak earlier this year, as strict controls aimed at containing the pandemic were eased. The Caixin/Markit services purchasing managers’...
China is grappling with its largest surge of infections since the coronavirus first emerged there more than two years ago. The government is racing to impose strict containment measures, but sustained outbreaks in two-thirds of the country’s provinces are the toughest test yet of its “Covid zero” policies.
Global commerce...
China’s President Xi Jinping is enlisting the financial sector in a war against a virus outbreak that has killed more than 500, mobilising lenders, brokerages and fund managers to pump resources into stricken parts of the economy.
Answering Beijing’s call, banks are rushing to offer virus-fighting loans at ultra-low rates,...
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...
Airbus is restarting its assembly line in China. General Motors began limited production over the weekend. Toyota followed suit on Monday. Slowly, but surely, and with an air of caution, the workers of China are heading back to the factories and offices to try and reopen for business.
Three weeks ago,...
