Tech giant Apple Inc. has set its sights on expanding its retail presence in China and the United States, with plans to open new stores and revamp existing ones. The company aims to strengthen its brand and provide enhanced customer experiences in key markets. According to reliable sources, Apple is engaged in discussions to establish …
Apple Plans Expansion of Retail Stores in China and the United States Read More »
Foreign investors showed a notable trend of selling shares in the Chinese stock market throughout May, driven by concerns over sluggish domestic demand and weak business earnings expectations. The repercussions of this selling spree were felt heavily in both the Chinese and Hong Kong stock markets, which experienced a significant collapse. Data from Refinitiv reveals …
Foreign Investors Dump Chinese Stocks in May as Economic Slowdown Hits Read More »
Chinese officials have reported that new home prices in China experienced a decline in May for the first time in four months, while home sales remained sluggish. This adds pressure to the already struggling real estate sector, which is striving to regain stability after enduring ongoing slumps. According to data from the China Index Academy …
China’s New Home Prices and Sales Decline in May Amid Sluggish Demand Read More »
China’s manufacturing sector experienced a remarkable upswing in May, surpassing analysts’ expectations, according to a survey conducted by Caixin and S&P Global. The Purchasing Managers’ Index (PMI) for May recorded a reading of 50.9, a significant improvement from April’s 49.5. An index reading above 50 signifies expansion in China’s manufacturing sector, indicating positive growth in …
Chinese Manufacturing PMI Surges Beyond Expectations in May Read More »
In recent news, the Chinese real estate sector is facing ongoing challenges, indicating a slowdown in its performance. Although there were initial signs of recovery at the beginning of the year, the latest report reveals that new home sales in China have started to decline once again. According to data from the China Beige Book …
The Communist Party of China has issued a call to strengthen national security measures, highlighting the potential risks associated with advancements in artificial intelligence (AI). During the Communist Party Conference led by Chinese President Xi Jinping on Tuesday, a focus was placed on the need for political stability and enhanced supervision of internet data and …
China Raises Concerns About AI Risks and Intensifies National Security Measures Read More »
According to data from Variflight analyzed by Nomura, flights between the United States and mainland China have only recovered to less than 6% compared to pre-pandemic levels in 2019. While flights between mainland China and Egypt, Saudi Arabia, and Italy have returned to near or even surpass pre-COVID-19 levels. The recovery of flight operations between …
US-China Flight Operations Show Slow Recovery Despite Easing COVID-19 Measures Read More »
The National Bureau of Statistics (NBS) has released data revealing a significant drop in China’s manufacturing purchasing managers’ index (PMI) for the month of May. This decline can be attributed to the decelerating demand within the country and may put pressure on the Chinese government to implement measures aimed at revitalizing the economy. The manufacturing …
China’s Manufacturing and Services PMI Show Decline in May, Reflecting Slowing Demand Read More »
Hong Kong – The Hang Seng China Enterprises Index (HSCEI), a key stock index representing Chinese companies listed on the Hong Kong Stock Exchange, has entered bear market territory as concerns mount over the Chinese economy’s slowdown and escalating disputes between China and the United States. Early in the trading day, the HSCEI index experienced …
Chinese Company Stocks Plummet Amid Economic Concerns and China-U.S. Dispute Read More »
China’s Manned Space Administration (CMSA) has revealed its ambitious plan to send astronauts to the moon before 2030, marking a significant milestone in the country’s quest to establish itself as a space superpower. The announcement was made by the CMSA on May 29, highlighting China’s determination to achieve remarkable feats in space exploration. As part …
China Sets Ambitious Goal to Send Astronauts to the Moon by 2030 Read More »