Jan 12, 2023 06:24 AM- China’s 2022 New-Energy Vehicle Shipments Nearly Double
- BYD, SAIC-GM-Wuling and Tesla lead surge to 6.5 million shipments of electric and hybrid autos, accounting for 27.6% of industry
Jan 11, 2023 20:38 PM- Airlines Overwhelmed by Travel Boom After China Ditches Quarantine
- The number of flights into and out of the mainland is growing, but demand is far outstripping supply and ticket prices are soaring
Jan 11, 2023 20:26 PM- Covid Roils Shanghai’s Commercial Property Market in Fourth Quarter
- Quarter on quarter, average daily rents for office space fell 0.3% while the vacancy rate jumped to 17.6%, new data show
Jan 11, 2023 19:02 PM- Vaccine-Maker CanSino Bio Plans Swiss Listing
- The company, which has developed multiple Covid-19 vaccines, aims to tap new international financing and boost its global brand
Jan 10, 2023 19:59 PM- China’s Ad and Gaming Revenue Will Bounce Back This Year, UBS Says
- Total online ad revenue will grow 15%, and gaming income will rise 6%, both accelerating from 2022
Jan 10, 2023 19:39 PM- Pfizer CEO Dismisses Reports of a Paxlovid Generic for China
- The U.S. pharmaceutical giant is working on starting domestic production of the branded version of the Covid drug in the first half of this year
Jan 10, 2023 05:16 AM- China’s 2022 Steel Output Slides 2.2%, Industry Group Says
- Slump in demand amid economic slowdown and protracted property slump drives down prices, squeezing profits as costs remain high
Jan 09, 2023 21:19 PM- State Aluminum Giant Hires New Chairman to Fill Months-Long Vacancy
- Chinalco, the world’s largest aluminum producer has appointed Duan Xiangdong, former China First Heavy Industries general manager, to helm the company
Jan 09, 2023 21:14 PM- Pfizer’s Paxlovid to Be Dropped From National Subsidy Scheme as Talks Collapse
- A failure in this year’s price negotiations with the government will leave the Covid drug uncovered by the national program after March 31
Jan 09, 2023 19:18 PM- China Passenger Traffic Rebounds on First Day of New Year Travel Rush
- Public transport services saw a 39% jump in travelers from last year, signaling that the removal of Covid restrictions may help a broader recovery in demand
Jan 09, 2023 04:21 AM- China Wraps Up Two-Year Tech Crackdown, Top Official Says
- Central bank and banking regulator’s Guo Shuqing sends first signal that sector led by Alibaba, Tencent, Didi and Meituan may finally be off the hook
Jan 07, 2023 18:17 PM- Chinese Property Developers Get Year-End Financing Boost, Consultancy Says
- The top 100 companies saw financing jump almost 85% in December as the government relaxed curbs to ease a liquidity crunch, according to CRIC
Jan 06, 2023 20:41 PM- North China Gas Shortages Leave Villagers Shivering
- Downstream distributors in parts of Hebei province failed to secure ample supplies, with residents saying they are unable to heat their homes and cook
Jan 05, 2023 20:14 PM- China’s Railway Investment Falls for a Third Straight Year
- Funding dropped 5.1% in 2022 as the country wraps up construction on major lines of the world’s largest high-speed rail network
Jan 05, 2023 19:45 PM- China Logistics Slammed by Covid Spike
- The industry’s prosperity index fell to 46% in December, the second lowest reading for the year
Jan 05, 2023 09:30 AM- BYD Says It Can’t Judge How Many Cars It Will Sell This Year
- The Chinese automaker cited uncertainties over supply chains and consumer demand stemming from the Covid-19 pandemic
Jan 05, 2023 05:31 AM- Debt-Strapped Sunac Divests Shenzhen Ski Resort Stake
- State-backed partner Zhuhai Huafa to pay $518 million for Sunac’s 51% stake with proceeds earmarked for debt payment
Jan 05, 2023 05:16 AM- Unigroup Seeks Full Control of IT Joint Venture With Hewlett Packard
- Multibillion-dollar buyout of H3C would bolster Unigroup’s profits, analysts project
Jan 04, 2023 19:39 PM- China’s Box Office Bombs Despite End of ‘Zero Covid’
- ‘Avatar’ sequel raked in the most over the New Year break, but cinema takings overall slumped to their lowest since 2016
Jan 04, 2023 06:51 AM- Guangzhou Records First Drop in Leased Office Space in a Decade
- Contraction signals cooling business activity in China’s southern trading hub triggered by Covid disruption
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