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SHANGHAI/HONG KONG: Dylan Run, a Shanghai-based finance sector executive, started moving a bit of his money into cryptocurrencies in early 2023, when he realized that the Chinese economy and its stock markets were going downhill.
Hoping to improve stock market sentiment, Chinese authorities have unveiled a series of new measures – including a liquidity injection into the banking sector, which has already shown results with a short-term boost to the Chinese stock markets on Wednesday.
SHANGHAI -- A multinational startup co-founded by U.S., Chinese and European engineers is looking to expand business with Toyota Motor for composite material auto parts that are lighter and stronger than steel and aluminum.
After falling 12.2% this year, Hong Kong’s stocks rebounded 2.63% on Tuesday on news that Beijing may mobilize about 2 trillion yuan (US$278 billion) through offshore entities to support beaten-down Chinese stocks.
At a January 17 meeting in Shanghai, Beijing and Manila agreed to take steps to ease tensions after a year of high-seas territorial face-offs between their ships in the sea passage, one of the world’s busiest.
MANILA, Philippines (AP) — A Filipino fishing boat captain protested on Tuesday the Chinese coast guard’s aggression in the disputed South China Sea where he said Chinese officers drove him and his men away from a disputed shoal and ordered them to dump their catch back to sea.
BANGKOK (AP) — Shares were mostly higher in Asia on Tuesday, led by sharp gains in Hong Kong and Shanghai after a report said Beijing plans to put about 2 trillion yuan ($278 billion) into support to stabilize ailing Chinese markets.
Volkswagen Group China is turning to local procurement to reduce costs as it accelerates a multi-year investment plan aimed at becoming one of China’s leading electric vehicle producers.