China’s property developers posted their worst first-half earnings in over a decade, an outcome that will likely pressure stocks further even as the government boosts efforts to stabilize the sector. ( read original story ...)
China Stock Market Due For Support On Friday
The China stock market has finished lower in three straight sessions, dropping almost 60 points or 1.9 percent along the way. The Shanghai Composite Index new sits just above the 3,180-point plateau ... ( read original story ...)
COVID-19 in Shanghai: 1 new local patient, 13 imported infections
The city reported one locally transmitted confirmed case, seven imported confirmed cases and six imported asymptomatic infections for Thursday, said the Shanghai Health Commission on Friday morning. ( read original story ...)
Shanghai lockdown still rippling through economy
SHANGHAI: Three months after Shanghai lifted an unprecedented Covid lockdown that lasted more than 60 days, businesses in China’s richest and biggest consumer market are still struggling with a ... ( read original story ...)
Microport Ep raises $169.5M in Shanghai IPO, shares drop in debut
Shanghai Microport Ep Medtech Co. Ltd. went public on the Shanghai Stock Exchange STAR Market and raised ¥1.17 billion (US$169.5 million) with its initial public offering. The company’s issue price ... ( read original story ...)
China woos U.S. tech giants Qualcomm, Meta at Shanghai AI expo
Big U.S. tech companies have flocked to the World Artificial Intelligence Conference that opened Thursday in Shanghai, drawing a stark contrast with Washington's ongoing efforts to distance itself ... ( read original story ...)
Chengdu Fears Shanghai Repeat as Cities Fall to Xi’s Covid Zero
Just before midday on Thursday, the government of China’s southwestern megacity of Chengdu told its 21 million residents they would be locked down starting at 6 p.m. that evening, as officials raced ... ( read original story ...)