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Chinese economy
China’s indebted provinces meet state bankers to discuss debt relief
...Officials from Liaoning, a northern rust-belt province, met top bankers on Saturday from 18 state financial institutions, including Industrial and Commercial Bank of China, the country’s largest lender,...
March 10, 2024
Technology sector
China blocks use of Intel and AMD chips in government computers
...The top criteria for evaluation is the level of design, development and production completed within China, according to a notice from the state testing agency....
March 24, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
News updates from April 22: Huw Edwards resigns from BBC; Head of Israeli military intelligence to resign
Markets update: Hong Kong equities sustain gains after pledges from Chinese regulator
...The city’s benchmark Hang Seng index added 1.8 per cent. Mainland China’s CSI 300 edged down while the rest of Asia rose....
April 22, 2024
News updates from February 29: US PCE inflation falls to 2.4%, Putin warns of wider conflict over Ukraine
China leads Asian indices with gains concentrated in technology sector
...On Tuesday China’s top legislative body passed a revised law on state secrets that standardises information systems and equipment used to store information the government deems confidential....
February 29, 2024
News in-depthNikkei Asia
Majority of south-east Asians favour China over US, survey finds
...Last year’s survey showed 38.9 per cent preferred China and 61.1 per cent chose the US....
April 10, 2024
Disrupted Times
China’s leaders assemble amid uncertain economic backdrop
...Today’s top stories Apple was hit with a €1.8bn fine from Brussels for stifling competition from rival music streaming services, the first time the iPhone maker has been punished for breaching EU law....
March 4, 2024
FT Live
Global Private Banking Awards 2024
Celebrating excellence in wealth management
Thursday, 7 NovemberThe Landmark London, London, UK
News updates from February 28: US Supreme Court will hear Trump presidential immunity appeal; Bitcoin breaks through $60,000
China passes revised law on state secrets in national security push
...China’s top legislative body passed a revised law on state secrets on Tuesday, as Beijing emphasises the importance of national security in policymaking....
February 28, 2024
Renminbi
China props up renminbi ahead of leadership summit in March
...per cent this year at about Rmb7.1 to the dollar....
February 27, 2024
US foreign policy
US Senate passes $95bn bill including aid for Ukraine
...China on Wednesday protested against funds in the legislation for more military assistance to Taiwan, part of the bill’s $8.12bn Indo-Pacific portion....
April 24, 2024
Special ReportFT High-Growth Companies Asia-Pacific
Zypp Electric rides India’s growing EV market to top FT ranking
...They have since bolstered that roster from an initial 300 vehicles to about 20,000, pushing Zypp to the top of the FT-Statista ranking of high-growth companies in Asia-Pacific....
April 3, 2024
Chinese business & finance
China’s property turmoil hits midsized bank Everbright
...The top state banks are all expected to report their earnings by the end of March....
March 28, 2024
Lijia Zhang
China’s invisible women deserve a political voice
...Take a look at this week’s annual session of the National People’s Congress, China’s top legislature and the country’s parliament, of a sort....
March 6, 2024
News updates from November 21: Binance chief resigns after US guilty plea, Open AI directors in talks with Sam Altman to rejoin board
Nvidia revenue outlook tops estimates despite China AI chip sales rule
...Net income of $9.2bn was up more than 1,200 per cent from a year ago and also beat expectations. Read more here...
November 21, 2023
Disrupted Times
Xi tries to restore investor confidence in China
...They predict growth this year of 0.1 per cent, down from their earlier expectation of 1.3 per cent six months ago. For up-to-the-minute news updates, visit our live blog Good evening....
March 27, 2024
Disrupted Times
Electric cars switch out of fast lane
...Industry uncertainty is not confined to Tesla: its rival as the world’s top EV maker, China’s BYD has also reported sharp falls in sales....
April 22, 2024
FT Live
The Global Boardroom: 8th Edition
FT journalists in conversation with leaders in business and government
Wednesday, 4 DecemberDigital Conference
Rio Tinto PLC
Rio Tinto appoints Bold Baatar as commercial chief in step towards top job
...Simon Trott, a veteran at Rio who runs its iron ore business, and Peter Cunningham, the company’s chief financial officer, are seen as other contenders for the top job....
April 8, 2024
News in-depthNikkei Asia
Cambodia vexes Vietnam with plan to divert Mekong trade via China-built canal
...“I don’t see how it [the canal] benefits China very much,” he said. “I can’t imagine they’re wanting to throw $1.7bn into this and build it in the next four years.”...
March 21, 2024
News in-depthXiaomi Corp
The Steve Jobs of China turns car salesman in Xiaomi’s EV evolution
...“Lei has an ambition to turn Xiaomi into one of China’s top three EV makers,” the person said. That would also make Xiaomi one of the world’s largest EV manufacturers....
April 5, 2024
FirstFT
FirstFT: EY’s new boss Janet Truncale sets out her top team
...Five more top stories 1....
March 13, 2024
News in-depthAutomobiles
Zombie car factories on the rise in China as buyers opt for EVs
...In 2017, Hyundai invested $1.15bn in a new factory in Chongqing, south-western China, with the goal of reaching an annual output of 300,000 internal combustion engine cars....
March 14, 2024
Currencies
US, Japan and South Korea seek to limit dollar’s rise
...The three countries expressed their concerns as China also took steps to limit the impact of the dollar’s strength....
April 18, 2024
Inside BusinessCheng Leng
Chinese banks’ global expansion faces new hurdles
...Top Chinese bankers realise that their global strategy now has to focus on organic growth....
April 8, 2024
Global Economy
US deficit poses ‘significant risks’ to global economy, warns IMF
...The IMF’s top fiscal policy official, Vítor Gaspar, said the economic power of both the US and China meant they had time to bring their finances under control....
April 17, 2024
Stuart Kirk
What China can learn from the ashes of my boat
...The cause was a Chinese lithium-ion battery overheating or exploding — as more than 1 per cent of them now do globally, according to Gitnux data. Luckily no one was killed....
March 2, 2024
Yanmei Xie
China’s cull of EV overcapacity will bring little relief to Europe
...When it launched its anti-subsidy probe, the European Commission said that China’s share of EVs sold in the EU had risen to 8 per cent, from less than 1 per cent in 2019, and could reach 15 per cent in 2025...
February 4, 2024

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