Government News
China’s Hudong-Zhonghua Lands Order for Five LNG Carriers From International Consortium - November 06, 2022
Chinese shipbuilding giant Hudong-Zhonghua Shipbuilding Group has scored an order for five liquified natural gas carriers from a consortium of four international shipping companies, which includes the country’s first LNG shipping specialist China LNG Shipping Holdings.
China's CATL tops rank for global EV battery installation - November 06, 2022
Global electric vehicle battery installations totaled 341.3 gigawatt-hours in the first three quarters this year, rising 75.2 percent from the same period last year. The growth rate was particularly impressive in China, where domestic firms dominated, with Contemporary Amperex Technology ranking first with 119.8 GWh of installed power batteries.
China's foldable phone sales could double in 2023 as prices drop - November 06, 2022
Global shipments of foldable handsets are predicted to more than double next year amid declining prices, a Chinese expert predicted after Huawei Technologies, which claims to be the largest seller of such phones in China, released its latest model with a record-low price.
Daqo New Energy Signs USD2.01 Billion Deal to Sell Solar-Grade Polysilicon - November 06, 2022
Xinjiang Daqo New Energy announced on Thursday that the comany and its wholly subsidiary, Inner Mongolia Daqo New Energy, had recently signed an agreement to sell a customer 57,600 tons of solar-grade polysilicon from October 2022 to December 2027, worth an estimated CNY14.696 billion (USD2.01 billion).
China's Lenovo Boosts Net Profit to Record High April-Sept. Due to Resilience - November 06, 2022
Lenovo Group, a Chinese personal computer giant, managed to increase its net profit to a record high of USD1.1 billion in the six months ended Sept. 30 thanks to the resilient force of digital transformation around the globe.
Bullish McDonald's, Starbucks stick to store-opening plans - November 02, 2022
Restaurant chains remain bullish on China's retail market, with global business operators such as McDonald's and Starbucks staying on track with plans to open new stores.Chief Financial Officer Ian Bo
China’s CATL, Vietnamese Carmaker VinFast to Team Up on Skateboard Chassis Tech - November 02, 2022
Contemporary Amperex Technology will join hands with Vietnamese electric vehicle maker VinFast on the Chinese battery giant’s skateboard chassis technology.
Chinese E-Broker East Money Gains on Plan to Go Public in Switzerland - November 02, 2022
Shares in East Money Information advanced today after China’s biggest internet-based securities firm said that it plans to list on the Six Swiss Exchange, which would make it the first Chinese brokera
LVMH-Backed L Catterton Sets Up First Chinese Yuan Fund - November 02, 2022
L Catterton, a private equity firm under global luxury brand Louis Vuitton Moet Hennessy, has set up a Chinese yuan-denominated fund focused on the consumer industry after completing a CNY1 billion (USD137.6 million) initial financing.
Hong Kong Eyes Virtual Asset Boost via Planned Rule System - November 02, 2022
China's Hong Kong Special Administrative Region is working on a new licensing regime for virtual assets to attract such service providers to set up shop in the financial hub.
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