Another academics argued in favor of a new economic alliance that was defend China from sanctions tit-for-tat. Ye Yan, an economist at China National Oil and Gas Exploration and Development Company, wrote in January that a coming” anti-sanction business system” that would enable member states to business discounted items hadContinue Reading
TAIPEI: Taiwanese chipmaker TSMC reported a smaller-than-anticipated 25 % decline in third-quarter net profit on Thursday( Oct 19 ) and said it sees signs of stability, raising hopes that the semiconductor industry is on track for recovery. The largest lease chip manufacturer in the world was optimistic about the comingContinue Reading
Three sources with firsthand knowledge of the situation claim that Country Garden’s bondholders are requesting serious discussions with the business and its advisors after the troubled real estate developer missed a US$ 15 million discount payment, putting it in default risk. According to the options, who declined to be namedContinue Reading
Retail sales growth, a key indicator of consumption, also exceeded expectations, increasing by 5.5 % last month and picking up from an increase of 4.6 % in August. Economists had anticipated a 4.9 % increase in retail revenue. In contrast to aspirations for a 3.2 percent increase, fixed asset investmentContinue Reading
MANILA: According to Ferdinand Marcos Jr. ‘ s communications company, the Philippines’ first sovereign wealth fund has been put on hold as of Wednesday, October 18. According to the Executive Secretary’s business, Marcos Jr. suspended the fund” because he wanted to thoroughly examine the( implementing laws and regulation ) toContinue Reading
An investigation into China Evergrande’s chair, a besieged gaze that has also defaulted and been at the center of the sector’S debts crisis, followed Country Garden’d missed payment. Shares in Country Garden have lost about 70 % of their value this year, but on Wednesday they gained some ground, risingContinue Reading
But, Lv Daliang, the General Administration of Customs’ spokesperson, stated earlier on Friday at a press conference that China’s industry still faces an intricate and challenging physical environment. In September, China’s exports to the ASEAN countries, which have grown to be the largest business partner of the Asian giant dueContinue Reading
Short video game TikTok is committed to taking proactive steps to address issues brought up by Malaysia, a voice stated after the country’s government claimed the software was never fully compliant with local laws. A company director stated in an internet on Thursday, October 12, that” TikTok respects local lawsContinue Reading
Taiwanese chipmaker TSMC has been granted a waiver extension by the US to provide US chip equipment to its Chinese factories, according to Taiwan Economy Minister Wang Mei-hua on Friday( Oct 13 ). The Biden administration released a comprehensive set of export restrictions in October, including restricting China’s access toContinue Reading
BEIJING: In the second-largest economy in the world, China’s consumer prices dropped and factory gate prices decreased significantly faster than anticipated in September. Both indicators continued to show consistent deflationary pressures. According to data from the National Bureau of Statistics( NBS ) that was released on Friday( Oct 13 ),Continue Reading