1. Shenzhen State-owned Assets Supervision and Administration Commission (SASAC): we will assist Vanke in responding positively On November 6, Vanke, in conjunction with both domestic and international financial institutions, held a briefing regarding their third-quarter results. The meeting included Vanke’s leadership, as well as shareholders Shenzhen Metro and the Shenzhen State-owned Assets Supervision and Administration […]
1.The 6th China International Import Expo will be held in Shanghai from November 5th to 10th The 6th CIIE will be held in the National Convention & Exhibition Centre (Shanghai) from November 5 to 10, 2023. The 6th CIIE, according to Liu Fuxue, a deputy director-general of the CIIE Bureau, aims to create more potenitals […]
1.From January to September, profits of industrial companies above 20mn revenue fell by 9.0% During the first 3 quarters, large-scale industrial companies (above CNY 20mn revenue) achieved business revenue of CNY 96.35 trillion (approximately $13.17 trillion), same as last year. Operating costs reached CNY 81.96 trillion (approximately $11.2 trillion), up 0.3%. During the first 3 […]
1.China releases preliminary GDP results for Q3 2023: 4.9% increase Based on the foundational data and the methods of calculating Gross Domestic Product (GDP), preliminary calculations indicate that China’s GDP for the 3rd quarter of 2023 stands at 31.9992 trillion yuan. This indicates a 4.9% increase compared to the 3rd quarter of the previous year, […]
1.US Approves equipment exports to S. Korean chip factories in China The Biden administration has granted Samsung Electronics and SK Hynix permission to acquire the necessary equipment to maintain and grow their chip-making operations in China. This move provides these companies, the world’s largest memory makers, an indefinite waiver from the broader restrictions that previously […]
1.China’s PMI back to growth in September at 50.2, while profits of large-scale industrial companies still down 11.7% In September, China’s Manufacturing Purchasing Managers’ Index (PMI) rose to 50.2%, an increase of 0.5 percentage points from the previous month, back on the growth track. PMI during the last 12 months When viewed by company size, […]
Last week, General Administration of Customs of China released the data for April 2023, and I was rather shocked by the results. So lets have a look at the data and what it implies. In April 2023, China’s exports reached 2.02 trillion yuan, an increase of 16.8%, while imports were 1.41 trillion yuan, a decrease […]