As China marks the 70th anniversary of its founding on Oct. 1, CNBC takes a look at the rise of the Asian giant through the years — and projections of where it’s headed.
— Read on www.cnbc.com/2019/09/24/how-much-chinas-economy-has-grown-over-the-last-70-years.html
Tag: China
Tesla Model 3s are big sellers in China: JL Warren Q3 Tesla update
Tesla sales in China should hit around 6,400 vehicles this quarter, but the Shanghai factory won’t be able to manufacture Model 3s in volume until mid-2020, according to JL Warren Capital.
— Read on www.cnbc.com/2019/09/18/tesla-model-3s-are-big-sellers-in-china-jl-warren-q3-tesla-update.html
China economy: Difficult to maintain 6% growth, says PM Li Keqiang
Chinese Premier Li Keqiang said it would be “very difficult” for China’s economy to grow at a rate of 6% or more because of the high base from which it was starting and the complicated international backdrop.
— Read on www.cnbc.com/2019/09/16/china-economy-difficult-to-maintain-6percent-growth-says-pm-li-keqiang.html
US-listed Chinese companies are raising money through bonds
Chinese companies listed in New York are increasingly tapping convertible bonds and other financial mechanisms to quickly raise capital.
— Read on www.cnbc.com/2019/09/13/us-listed-chinese-companies-are-raising-money-through-bonds.html
China cryptocurrency may trigger globalization of yuan
China’s plans for a digital currency could serve as a “foundation” for the yuan’s internationalization, allowing it to be distributed across the globe, says Circle’s Jeremy Allaire.
— Read on www.cnbc.com/2019/09/13/chinas-new-cryptocurrency-and-yuan-rmb-internationalization.html
Steve Eisman says Trump would have to give in for China trade deal – BNN Bloomberg
Steve Eisman says Trump would have to give in for China trade deal – BNN Bloomberg
— Read on www.bnnbloomberg.ca/steve-eisman-says-trump-would-have-to-give-in-for-china-trade-deal-1.1313191
Alibaba (BABA) to buy e-commerce unit Kaola from NetEase for 2 billion
Kaola is one of the biggest Chinese e-commerce sites focused on selling imported goods in the country, alongside Alibaba’s Tmall Global and JD.com’s JD Worldwide.
— Read on www.cnbc.com/2019/09/06/alibaba-baba-to-buy-e-commerce-unit-kaola-from-netease-for-2-billion.html
China says new digital currency will be similar to Facebook’s Libra – Reuters
China’s proposed new digital currency would bear some similarities to Facebook’s Libra coin and would be able to be used across major payment platforms such as WeChat and Alipay, a senior central bank officer said.
— Read on www.reuters.com/article/us-china-cryptocurrency-cenbank/china-says-new-digital-currency-will-be-similar-to-facebooks-libra-idUSKCN1VR0NM
The Unlikely Chinese Cities Where House Prices Rival London
(Bloomberg) — Sign up for Next China, a weekly email on where the nation stands now and where it’s going next.London, Seattle, Manchester and, um, Xiamen.Some of the world’s priciest housing markets aren’t where you might think. A four-year property boom in China has elevated a collection of little-known
— Read on ca.finance.yahoo.com/news/unlikely-chinese-cities-where-house-210000283.html
China and US agree to meet in October for trade negotiations
China’s top trade negotiator Liu He spoke with USTR Robert Lighthizer and Treasury Secretary Steven Mnuchin Thursday, the Commerce Ministry said.
— Read on www.cnbc.com/2019/09/05/china-and-us-agree-to-meet-in-october-for-trade-negotiations-chinese-state-media.html