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...Top executives at China’s biggest brokerages have seen their pay slashed in the past two years against a backdrop of struggling financial markets and Beijing’s efforts to reduce inequality, according to...
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...Additional reporting by Wenjie Ding in Beijing and Arjun Neil Alim in Berlin...
...Its bid is around half that of Spain’s Talgo, with Brussels alleging that this was enabled by Beijing awarding €1.75bn in subsidies....
...That plan supports Beijing’s goals of chip self-sufficiency, with President Joe Biden’s administration tightening export restrictions for advanced chipmaking equipment in October, citing national security...
...The top shareholder is A10 Investimentos, whose co-founders are Sigma’s chief executive and its other co-chair....
...Since then, strained US-China ties and Beijing’s stricter cross-border listing rules have frozen the Chinese listing pipeline....
Experiential art gets new support; Hong Kong sales reflect downbeat market; Government Art Collection to buy at London Gallery Weekend
...Wang’s strategic bet — that demand for green technologies would boom — has aligned neatly with Beijing’s efforts to eradicate pollution, cut dependence on foreign oil and, more recently under President Xi...
...Beijing has also been pushing the territory to diversify its income beyond gambling....
...Last year, Beijing introduced visa-free policies for some countries including Germany, Italy and Spain....
...Beijing has so far emphasised the need to complete unfinished housing and has stopped short of any overt bailouts of property developers....
...Although tensions appear to be easing, the chip industry has for a while been at the centre of tussles between Washington and Beijing....
...Beijing’s ambassador to Peru, Song Yang, has promoted the megaport enthusiastically, saying that “China is betting that Chancay will become Peru’s Shanghai”....
...The company has in recent weeks become the focal point of a property slowdown that has piled pressure on policymakers in Beijing as they seek to boost confidence in the world’s second-largest economy....
...Xiaomi sales surged 34 per cent to attain a 14 per cent market share, as the Beijing-based electronics group experienced a wave of publicity surrounding the debut of its electric car....
...Samsung and LG declined to comment on their co-operation....
...But now, tech giants such as Xiaomi and Huawei are also joining the market, equipped with autonomous driving technology, an area where Beijing is increasing support....
...The slowdown in construction and transactions that followed has not abated despite supportive efforts from Beijing....
...Last year, Suzhou, a city west of Shanghai, set up a trading platform to “co-ordinate the city’s computing resources”, according to its website....
...Beijing has, however, been supporting cobalt prices by soaking up surplus supplies to store in a strategic reserve when they dip too low, buying an estimated 21 per cent of global cobalt metal supply, the...
...This was achieved principally through officially sanctioned “technical co-operation” with US and Japanese companies long since replaced as market leaders by their former partners....
...Beijing has sought to reduce debt across the property sector through a series of policies, introduced after fears of home prices overheating in 2020, and has not unveiled any significant stimulus....
...In one example, in BYD’s early days, Wang acquired a panel-stamping tool from Jeep in Beijing....
...“It is this same fear of Chinese retaliation that prevents South Korea from calling out Beijing’s own economic espionage activities against Korean companies,” he added....
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