Prices of copper and aluminium in China touched a one-week high on Thursday, bolstered by the likelihood of more stimulus measures by the top metals consumer and firmer risk appetite in broader Asian ... ( read original story ...)
China Stock Market May Crack 3,200-Point Barrier On Thursday
The China stock market on Wednesday ended the two-day slide in which it had tumbled almost 250 points or 6.6 percent. The Shanghai Composite Index now rests just above the 3,170-point plateau and it's ... ( read original story ...)
Tesla Says It Is Trying to Keep Production Going at Shanghai Factory
Tesla said on Thursday it was doing its best to keep production going at its Shanghai factory while it cooperates with China's COVID-19 prevention measures. Reuters reported on Wednesday that the U.S. ( read original story ...)
Chinese startups’ SPAC listings gather pace as tougher offshore IPO rules loom
Capital-hungry smaller Chinese startups are vying for speedy offshore listings by merging with blank-check firms at a time when Beijing's tighter scrutiny has slowed capital raising via overseas IPOs, ... ( read original story ...)
Tesla idles Shanghai plant for two days amid virus curbs
China-made Model 3 electric vehicles are seen at the Tesla plant in Shanghai. — Reuters SHANGHAI: Tesla Inc. is suspending production at its Shanghai factory for two days as China tightens ... ( read original story ...)
China says it will support Chinese IPOs abroad, calls for closure on tech crackdown
China signaled support for Chinese stocks on Wednesday, after days of worries about U.S. delisting risks had sent the stocks plunging in New York and Hong Kong. ( read original story ...)
Shanghai says no COVID lockdown for now and tells bankers to work at home
One official has said that "there’s no need to lock down the city,” as authorities are keen on minimizing the impact of virus mitigation efforts on businesses and people's lives. ( read original story ...)