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...Tesla, meanwhile, has cut its Model 3 by Rmb15,500 to Rmb245,900. In the north of Shanghai, an ecommerce company specialising in luxury goods said it was “no longer a sellers’ market”....
...China’s CSI 300 index of Shanghai- and Shenzhen-listed stocks is up 3 per cent this year, but is down around 40 per cent since a peak in 2021....
...More Chinese residents are also struggling for work: youth unemployment hit a record 21.3 per cent in June, prompting authorities to stop reporting the data....
...The company’s net profit increased 21.3 per cent to Rmb10.7bn, flattered by a favourable exchange rate....
...Mixue opened its first international store in Hanoi in 2018 and now has more than 3,000 stores outside of China....
...But Wang said China’s partnership with its neighbour was in its own interests and not directed at any “third parties”....
...“We cannot celebrate these awards without acknowledging that it has been a difficult year for many,” said comedian Phil Wang, who hosted the event....
...memberships of Liu Shiquan, chair of weapons manufacturer China North Industries Group, China Aerospace Science and Technology Corp chair Wu Yansheng and China Aerospace Science & Industry Corp executive Wang...
...This year’s CIIE, an annual event launched in 2018 by Chinese president Xi Jinping, included more than half of the world’s Fortune 500 companies and more than 3,000 businesses in total, each with stalls...
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...“We see potentially this year a scenario where you have inflation remaining above target in the range of 2.5 to 3 per cent and you also have an above-trend growth rate — over 2 per cent growth....
...“It is very likely that the rapid increase in number of deaths comes from the chaotic ending of zero-Covid, which led to many excess deaths,” Wang of the University of California said....
...Webull achieved a post-money valuation of about $3.6bn back in 2021, according to PitchBook data....
...The value of China’s exports dropped 7.5 per cent in March from a year earlier, compared with a Reuters poll of analysts that forecast a contraction of 2.3 per cent....
...As China slides into deflation for the first time since 2021 — consumer prices fell 0.3 per cent year on year in July — people are thinking carefully about how they spend their money....
...From Vanguard’s Qian Wang: “We look at the economy and we see potentially a scenario where you have inflation remain very sticky and above target — and you also have above-target growth....
...As the crypto boom picked up in 2020 and 2021, and FTT’s price rose from about $3 to more than $70, Alameda’s FTT stash gave it enormous headroom for borrowing from FTX while still being theoretically solvent...
...Wang Wentao said earlier today that Beijing would seek to strengthen exports, which fell last year for the first time since 2016. Here’s more on Wang’s comments....
...“It’s never too late to catch the China train — you can still ride the dragon to heaven,” Wang said....
...A newish paper from Rex Wang Renjie and Shuo Xia that’s due to be discussed at Cambridge university’s Judge Business School at the end of the month looks at the rationale and impact of this development,...
...Tuesday’s hiring was “basically an acquisition of Inflection without having to go through regulatory approval”, wrote Tony Wang, managing partner at venture capital firm 500 Global....
...Here’s more on the data and comments by Wang Yi. 3....
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...Wang Chunru, a member of China’s top political advisory body, the Chinese People’s Political Consultative Conference, said he was using a Huawei device....
...“The confidence issue goes beyond real estate, although real estate is key,” said Wang Qi, chief investment officer for wealth management at UOB Kay Hian in Hong Kong....
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