Market Archives - Page 26 of 45

9May

By Online DeskNo Comments

China, Market

China: Chase the rally or fade the bounce?

Since peak post-COVID reopening optimism in early 2023, Chinese equities lost over a third of their value, as investors digested worries around a worsening real estate downturn, persistent geopolitical risks and issues around longer-term growth prospects. Zooming out further, Chinese equities are down over 50% since their 2021 high. Recent rumors and headlines around potentially more substantive policy easing in the property sector, capital market support measures and technical dynamics, have coincided with a sharp rebound since mid-January this year. This has propelled the offshore MSCI China over 20% and the onshore CSI300 over 15%, outperforming regional markets like Japan and India – making the Chinese market among the best performers in the world over this time. This surge has captur...

8May

By Online DeskNo Comments

China, Market, World

Chinese network behind one of world’s ‘largest online scams’

More than 800,000 people in Europe and the US appear to have been duped into sharing card details and other sensitive personal data with a vast network of fake online designer shops apparently operated from China. An international investigation by the Guardian, Die Zeit and Le Monde gives a rare inside look at the mechanics of what the UK’s Chartered Trading Standards Institute has described as one of the largest scams of its kind, with 76,000 fake websites created. A trove of data examined by reporters and IT experts indicates the operation is highly organised, technically savvy – and ongoing. Operating on an industrial scale, programmers have created tens of thousands of fake web shops offering discounted goods from Dior, Nike, Lacoste, Hugo Boss, Versace and Pra...

<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...

Bypassing Barriers: China’s clever use of Mexico to penetrate U.S. markets

26Apr

By Joe RodriguezNo Comments

Asia, Market, USA, World

Bypassing Barriers: China’s clever use of Mexico to penetrate U.S. markets

China operates with a singular objective: to maximize profits, employing any means necessary. Recently, we have witnessed escalating tensions between the United States and China over trade relations. This conflict has significantly impacted the American market, prompting the U.S. government to impose substantial tariffs on Chinese goods imported into the country. However, China has ingeniously devised a strategy to circumvent these hefty tariffs while simultaneously reducing shipment costs. Chinese companies utilize Mexico as a back door to enter the US amid the ongoing trade war with the US. Many Chinese firms have moved to industrial parks in northern Mexico over the past few years to get closer to the American Market. Market Manoa Furniture in Monterrey producing recliners and plush...

<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>Dumping and security threat makes Europe, US wary of Chinese electric vehicle</strong>

20Mar

By Joe RodriguezNo Comments

China, Market, USA

Dumping and security threat makes Europe, US wary of Chinese electric vehicle

The potential dumping of cheaper China-made electric vehicles has raised concerns among major Western countries, urging them to seek preventive measures to protect local markets as well as thwart security risks these cars pose. Several countries have voiced their opposition to permitting Chinese EVs until their concerns are resolved. Recently, the UK hinted at banning Chinese EV cars over the allegations of unfair state support. British transport secretary Mark Harper said the government will ensure that “We have fair international trade, and that we don’t have dumping or unfair subsidy. The important thing is it’s a fair, competitive landscape.”[1] European Union had last year launched an investigation and contemplated punitive action to protect domestic industry from cheaper Chine...

<strong>Elon Musk: China’s EV dominance a threat to local players</strong>

29Jan

By Mike TrudellNo Comments

China, Market, World

Elon Musk: China’s EV dominance a threat to local players

Tesla maker Elon Musk has been critical of China’s rising authority in the EV market. He has called for global trade barriers in the EV market otherwise Chinese player BYD will demolish the local players. Musk’s comments are in response to “unimaginable” performance by Warren Buffett’s backed Chinese automaker BYD. BYD has surpassed Tesla as the world’s top-selling EV company in the last quarter. Tesla has been marred by slowing sales in the United States even after a price cut in 2023, while BYD’s cheaper EVs has propelled the Chinese automaker at the top spot. Musk while addressing a group of analysts accepted the competitive nature of Chinese carmaker BYD and predicted its success outside China, unless there are suitable trade barriers in place. He feels without any trade barrier...

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