News that Thailand, the Philippines and Malaysia had all arranged to procure COVID-19 vaccines from either…
China
Business news and investment opportunities in China
STATS
Source: World Bank
Currency: RenminbiGDP: 13.61 trillion USD (2018)
GDP per capita: 9,770.85 USD (2018)
GDP growth rate: 6.6% annual change (2018)
GNI per capita: 18,170 PPP dollars (2018)
Gross national income: 25.3 trillion PPP dollars (2018)
Internet users: 54.3% of the population (2017)
Blackstone bets another $1.1bn on Greater Bay Area
Major alternative investments manager Blackstone Group this week increased its Chinese logistics portfolio by one third…
Full Truck Alliance raises $1.7bn as Uber meets Silk Road
Full Truck Alliance, the Chinese ground transport ‘Uber-for-trucks’ online platform, announced earlier today that it has…
Zoom boom makes it a triple whammy for Asia Pacific
A combination of the so-called ‘Zoom Boom’, the ratification of a new region-wide FTA and news…
Alibaba fails to sparkle on Singles Day
Alibaba Singles Day fell far short of its $100bn estimated prize purse as the effects of…
China enjoys $100bn Singles Day Shopping Extravaganza
Today marks China’s 11th annual Singles Day event. It is a celebration not of a sad…
Electric scooter market revs up
The electric scooter can increasingly be seen in towns and cities from Mumbai to Beijing.
Ant IPO suspension gives investors reality check
Ant IPO suspended: The $37bn dual listing of Alibaba Group’s spin-off Ant Group was called off…
Chinese manufacturing rebounds – but is it sustainable?
Output from the Chinese manufacturing industry approached a ten-year high last month as it recovered from…
Innovation and self-reliance keys to China’s new five-year plan
If it manages to sticks to its latest five-year plan, by 2025 China will be technologically…
Biden and Xi send clean energy shares on a roll
US clean energy shares climbed at the end of last week after Democratic presidential candidate Joe…
Ant Group all set for world’s biggest IPO
Jack Ma’s Ant Group was all set to launch the world’s largest ever stock market debut…
Philippines re-energises South China Sea dispute
Philippine President Rodrigo Duterte has approved the lifting of a six-year-old ban on oil and gas…
Foreign investors help Chinese shares hit $10 trillion
Chinese shares surged at the start of the week to take their combined value to over…
Renminbi surge flags long-term power shift
Despite dips in February and May, China’s renminbi currency has been generally stable over the past…
EV battery becomes latest weapon in US-China trade war
With the value of the EV battery market projected to reach $133.5bn by 2027, it was…
British Steel’s white knight eyes up Port Talbot
Just over six months after taking over British Steel’s Scunthorpe operations, China’s privately owned Jingye Group…
EVs star at Beijing Auto Show
Crowds in face masks cheered each new car as it was driven on stage at the…
New market opens up for old lithium batteries
By paving the way for the mass rollout of electric vehicles (EVs), lithium batteries may be…
Xi’s carbon neutral pledge signals sunny days for China’s clean energy sector
President X yesterday pledged to make China carbon neutral by 2026
3 new Chinese FTZs created as economy rebounds
Three new pilot Chinese FTZs got the go ahead on Monday, just as the European Central…
New US sanctions push Iran east and south
New US sanctions were today expected to be slapped on more than two dozen people and…
Evergrande lays cards on EV table
Evergrande looking to sell yuan-denominated shares through Shanghai's new Star Market. T