China Archives - Page 20 of 58

<strong>Sales dip but Chinese EV producers continue price war in Thailand</strong>

8May

By Joe RodriguezNo Comments

Asia, China, Market

Sales dip but Chinese EV producers continue price war in Thailand

In the face of stiff competition and declining sales in Thailand's Electric Vehicle (EV) market, Chinese automakers are battling to carve out a niche for themselves. This spring, a host of Chinese automakers showcased their EVs at an international auto show in Bangkok, Thailand, in an attempt to attract Thai customers. Among the participants were notable companies such as Changan Automobile, BYD, Great Wall Motor Company Ltd., Dong Feng Motor Corporation, Shanghai Automotive Industry Corporation, Nio, Xpeng, Leap motor, Hozon, Geely, JAC, and others. Despite the aggressive pricing strategies employed by these Chinese automakers, their vehicles have yet to gain significant traction among Thai consumers. The sales of EVs in the Thai market continue to be sluggish, casting a shadow over the ...

6May

By Online DeskNo Comments

Asia, China, Market, World

Goldman Sachs, UBS, BNP more positive on Chinese stocks as chorus of favourable sentiment grows in run-up to July plenum

Investment banks including Goldman Sachs, UBS and BNP have become more positive on stocks in China, with foreign selling having subsided. Foreign investors were net buyers of Chinese stocks for a third straight month in April, the longest streak of foreign buying in a year. Global emerging market funds rolled back their underweight position on mainland China stocks and turned neutral, HSBC said in a report last month. Some international hedge funds have shifted their investment positions from US or Japan stocks to China stocks over the past week, Japanese investment bank Daiwa Capital Markets said in a report. Goldman Sachs said changes are afoot in China that point to a potentially stronger risk appetite and a more conducive trading environment for A shares in the near...

3May

By Online DeskNo Comments

China, Market, Singapore

Wall Street Journal cuts Hong Kong staff, shifts focus to Singapore

Hong Kong, China – The Wall Street Journal has announced staff cuts at its Hong Kong bureau as it shifts its “center of gravity in the region” to Singapore, marking the latest blow to the financial hub’s once-thriving media industry. Editor-in-chief Emma Tucker told staff in a company-wide memo on Thursday that the newspaper was following the same path that “many of the companies we cover have done”. The cuts include six editorial staff in Hong Kong and two reporters at the newspaper’s Singapore office, two sources familiar with the matter told Al Jazeera on condition of anonymity. In her memo, Tucker said “some of our colleagues, mostly in Hong Kong, will be leaving us”, while listing several new positions in Singapore, including an editor and several reporters. “At the ...

1May

By Online DeskNo Comments

China, Market, World

China’s continuing influence over Cambodia’s economy

China's significant investment in Cambodia, including infrastructure support as part of the Belt and Road Initiative, has turned Cambodia into a major manufacturing hub and bolstered its global supply chain ties. But given China's dominant influence on Cambodia's economy and substantial loans, it is essential for Cambodia to diversify its investment and trade partners, strengthen its debt management initiatives and invest in education and skills development to ensure long-term economic resilience and sovereignty. For decades, China has influenced global supply chains and has had a major impact on the economic landscape of Asia. Due to its advantageous geographic position and expanding economy, Cambodia has drawn significant interest from China, which has influenced Cambodia’s inte...

<strong>Yuan losing sheen among Chinese exporters</strong>

29Apr

By Mike TrudellNo Comments

China, USA, World

Yuan losing sheen among Chinese exporters

China has for long been promoting yuan as a formidable global tradeable currency, but in recent times it has not been able to match the soaring value and worth of the US dollar. The volatility, low returns, and unexpected shift in external demand for yuan has prompted the Chinese exporters to shift their loyalty to the US dollar. Chinese traders have read the market condition well and are certain of yuan’s depreciation against the dollar. US dollar has been performing well at the global stage and the US Federal Reserve has defined expectations and refrained from downgrading its interest rates due to looming inflation threat. The Chinese exporters are investing their capital in US assets for better returns. This perhaps is a negative trend for China and is a result of recent dwindlin...

<strong>China flooding international markets with cheap goods</strong>

29Apr

By Mike TrudellNo Comments

China, USA

China flooding international markets with cheap goods

With tension between China and the US far from tapering off anytime soon, it is in trade and economic areas where Beijing’s activities appear to have further hit panic button in Washington DC as Secretary of State Antony Blinken, during his April 24-26 visit to East Asian country, raised his concern on dumping of Chinese products, including steel and Aluminium in the American market. US State Department Spokesperson Matthew Miller was quoted by Reuters as saying that at a meeting with Chinese top officials, Blinken raised “concerns” about China’s trade policies and non-economic practices. This is the second time in a month when a senior official of the Joe Biden administration put the issue-related to dumping- on the table before Chinese authorities. Earlier, US Trea...

<strong><u>The Case of Nuctech: An Unending Saga of Market Distortion by the Chinese</u></strong>

27Apr

By Michael SmithNo Comments

China

The Case of Nuctech: An Unending Saga of Market Distortion by the Chinese

The growing tensions between the West and China have taken a new turn this week, with Brussels officials being compelled to raid the offices of Nuctech, a Chinese security equipment maker company located in Europe. The reasons for the “unannounced investigation” are the prolonged concerns over China excessively and unduly subsidizing its firms to distort competition in the international market, dumping activities, and predating over the internal markets of Europe. Back in 2020, Nuctech was listed by the US amongst those needing stricter license requirements "for its involvement in activities that are contrary to the national security interests of the United States.” The raid comes under the EU’s Foreign Subsidies Regulation, which came into effect in July last year. FSR is the set of r...

<strong>China struggles to save its international Rare Earth Market</strong>

23Apr

By Joe RodriguezNo Comments

China, Market

China struggles to save its international Rare Earth Market

At the time when China is bedevilled by shifting away of supply chains from its shores and imposition of high import tariffs and blacklisting of its companies by US and Western countries, the world’s second-largest economy is staring at a significant drop in its status as the top international exporter of the rare earth materials. Data from China’s General Administration of Customs shows that the country’s exports of the 17 minerals classified as rare earths fell 18.2% in December 2023 from the previous month, to 3,439 tons. In 2022, it exported 48,728 metric tonnes of rare earths, down 0.4% year-on-year. The US Geological Survey report also suggests that China’s share of total rare earth exports dropped from about 90% a decade ago to roughly 70% in 2022. The Chinese Society of Rare...

<strong>China’s over-capacity and low domestic demand are becoming a problem for the World Economy.</strong>

20Apr

By Michael SmithNo Comments

China

China’s over-capacity and low domestic demand are becoming a problem for the World Economy.

The deflationary situations in China are spilling over negative externalities to the rest of the world, building tensions in international economics and diplomacy. More Chinese businesses are intending to dump low-cost goods into the rest of the world. Post-covid recovery in China has been weak due to a lack of demand-driven stimulus in the domestic markets, due to its demographic crisis[1], lower housing investment and weak estate sector[2], and rising youth employment. Local governments are also cutting their spending on routine expenditures like salaries to their employees[3]. There has been no increase in transfers or financial support from the government to households to increase their consumption capacity. As per a recent exchange between China and the US, Treasury Secretary Jane...

Beijing responds to Fitch Ratings’ lowering of the credit outlook by stating that domestic debt concerns are manageable.

10Apr

By Mike TrudellNo Comments

China

Beijing responds to Fitch Ratings’ lowering of the credit outlook by stating that domestic debt concerns are manageable.

A decision by a leading credit rating agency to downgrade China’s sovereign debt outlook failed to foresee the “positive role” of Beijing’s fiscal policy mix in promoting economic growth and stabilising the macro-leverage ratio, the Ministry of Finance said on Wednesday. Fitch Ratings had earlier on Wednesday cited concerns over China’s property and public finance stress, as well as “eroded fiscal buffers” as the result of wide fiscal deficits and rising government debts, as the reasons behind cutting the rating from stable to negative.“It is a pity to see Fitch’s downgrade,” the finance ministry said. “The long-term positive trend of China’s economy has not changed, nor has the Chinese government’s ability and determination to maintain good sovereign credit.” ‘We can’t fall behi...

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