by weblychee | Oct 9, 2023 | Automotive, Business, China, Glopen, Newsletter, Trade, Travel
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...
by weblychee | Oct 2, 2023 | Business, China, Glopen, Newsletter, Trade
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...
by weblychee | May 16, 2023 | Blog, Business, Business Blog, China, Glopen, In-depth, Trade
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...
