Posted inEconomy
From ‘Made in HK’ to ‘Made in China’
American interests are likely to be hit harder due to surplus: experts Imports from Hong Kong to the US will be labeled "Made in China" instead of "Made in Hong…
Posted inEconomy
Alibaba cancels weekly summary to reduce burden on employees
Alibaba Group has announced that it is eliminating the weekly personal summary report expected of its employees, as well as pointless PowerPoint presentations, in a bid to discourage inefficiency and…
Posted inEconomy
Hong Kong stock market opens lower as Trump ratchets up crackdown on Chinese internet firms
The Hong Kong Hang Seng Index edged down 0.35 percent by11:50 am on Monday to 24,444.71 points, dragged by Chinese mainland internet and semiconductor companies amid escalating China-US tensions. Tencent…
Posted inEconomy
Chinese Embassy in Argentina to organize chartered flights for Chinese citizens to return to China
The Chinese Embassy in Argentina is collecting applications from Chinese citizens stranded in Argentina in order to organize chartered flights for them to return home amidst the COVID-19 outbreak. International…
Posted inEconomy
US WeChat ban to disrupt life
Many businesses, not just communication, likely to be affected The responses of WeChat users in the US in anticipation of a potential ban on the Chinese social messaging app by…
Posted inEconomy
China’s July CPI may rise 2.7% due to high food prices: analysts
The nation's consumer price index (CPI), the main gauge of inflation, may have risen 2.7 or 2.8 percent in July, Chinese macroeconomists estimated, and the full-year figure could be around…
Posted inEconomy
Huawei forced to halt Kirin output
Rare expression of weakness may also show firm finds ways to cope The US chip ban that is set to be effective from mid-September might spell the end for production…
Posted inEconomy
Huawei shipments set to drop due to lack of Kirin chip supply
Huawei's Kirin chips cannot be produced after September, and the company's chips are currently out of stock, a Huawei executive said on Friday. Richard Yu Chengdong, chief executive of the…
Posted inEconomy
China PV makers explore overseas markets despite pandemic disruption
Chinese photovoltaic manufacturers are actively exploring overseas markets despite disruptions from the coronavirus pandemic, which they said had some negative impact on overseas orders but was not overly serious. Li…
Posted inEconomy
China’s forex reserves score 4-month rising streak
China's foreign exchange reserves scored a four-month rising streak in July as the country made major progress in coordinating COVID-19 control and social and economic development. The country's foreign exchange…