Tag: China Business & Economy

Alibaba’s Sole Bear Analyst Considers Stock a Valuation Trap Amid Mounting Regulatory Risks

December 15, 2021
AlibabaanalystAsia & PacificBusiness & EconomyChinaChina Business & EconomyCompaniesInternationalInvestmentregulatoryriskstocktrapWorld
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Manuel Muhl, who downgraded Alibaba Group Holding Ltd. to a sell in late July before its 39 percent plunge, said the stock remains a valuation trap, SCMP reports. Alibaba’s intrinsic value appeal is not adequately reflected in the stock price as China’s regulatory risks and U.S. delisting pressures continue to mount. “The fear that the…

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COVID-19 Rattles Major Chinese Manufacturing Province

December 14, 2021
Asia & PacificCCP VirusChinaChina Business & EconomyChineseCOVID-19InternationalmanufacturingSpecial TopicsWorld
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SHANGHAI—Multiple companies have suspended operations in one of China’s biggest and busiest manufacturing hubs as authorities double down to contain a COVID-19 outbreak, halting some production of goods from batteries and clothing to textile dyes and plastics. Tens of thousands are in quarantine and some domestic flights have been suspended as a national health official…

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Some Companies Suspend Production in Zhejiang Province Because of Virus Outbreak

December 14, 2021
ChinaChina Business & EconomyChinese CompaniesCOVID-19
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SHANGHAI—More than a dozen Chinese-listed companies said they had suspended production in coronavirus-hit parts of China’s eastern Zhejiang Province in response to local government’s tightened COVID-19 curbs, causing their share prices to plunge. Zhejiang reported a total of 173 locally transmitted cases with confirmed symptoms during the Dec. 6–12 period, official numbers showed on Monday,…

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Chinese Regulator Fines Sina Weibo for Publishing ‘Illegal Information’

December 14, 2021
Business & EconomyChinaChina Business & EconomyChinese RegimeCompaniesPeng Shuaisocial controlSocial IssuesSpecial TopicsWeibo
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An internet control agency in China fined social media giant Weibo 3 million yuan ($470,000) on Dec.14 for repeatedly publishing illegal information on the heavily censored internet. For the year to November, Sina Weibo, the country’s most popular microblogging platform, has faced 44 fines totaling 14.3 million yuan ($2.2 million) by the Cyberspace Administration of…

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World Shares Mixed as Markets Await Word From Fed Meeting

December 14, 2021
Asia & PacificAustraliaBusiness & EconomyBusinesses in COVID-19CCP VirusChinaChina Business & EconomyCompanieseconomic policieseconomyEuropeFedGold & CommoditiesHK BusinessHong KonginflationInternationalInvestmentLocal NewsMarket WatchMarketsMedia & Big TechmeetingMiddle EastNew YorkNY NewsRegional-Local NewsSharesTexasUKUSUS NewsWorld
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BANGKOK—Shares opened higher in Europe on Tuesday after Asian shares followed Wall Street lower as investors awaited fresh U.S. inflation data and the outcome of a meeting of the Federal Reserve. Benchmarks advanced in Paris, London, and Frankfurt, but fell in Hong Kong, Shanghai, and Tokyo. The Labor Department’s Producer Price Index for November is…

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South Korea Eyes Australia’s Minerals To Surpass China As Battery King

December 14, 2021
Asia & PacificAustraliabatteryChinaChina Business & EconomycobaltInternationallithiumMoon Jae InNickelrare earth metalsScott MorrisonSouth KoreaWorld
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South Korea is making a beeline for Australia’s vast critical mineral deposits in a bid to reclaim the throne as the world’s biggest electric vehicle battery maker. With South Korean President Moon Jae-in becoming the first international leader to visit Australia since the reopening of its borders, the two nations have made significant bilateral strides—including…

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Warnings on CCP China Investments Highlights Other Risk in State Pensions

December 14, 2021
Business & EconomyBusiness ColumnistsCCPChinaChina Business & EconomyeconomyInvestmentpensionUS-China relations
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Commentary Bryan Jung wrote recently in these pages about a Consumers’ Research warning that investment fund BlackRock’s investments in CCP China could have a deleterious effect on investors’ portfolios.   William Hild, the executive director of Consumers’ Research, had also sent a letter  to 10 of the nation’s governors warning that their public employee pension funds placed with…

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Chinese Regime Using Climate Policy as ‘Weapon’ Against US Economy: Report

December 13, 2021
ChinaChina Business & EconomyChinese RegimeclimateClimate PoliciesemissionsSpecial Topics
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The Chinese Communist Party (CCP) has twisted the climate change movement into a political and economic weapon against the West, according to a new report by The Global Warming Policy Foundation, a London-based non profit. Titled “China’s Energy Dream,” the report details the CCP’s manipulation of international climate agreements and comes to a startling conclusion:…

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Newspaper Says Alibaba Has Fired Employee Who Accused Former Co-Worker of Sexual Assault

December 13, 2021
AlibabaChinaChina Business & Economysexual misconductSocial Issues
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BEIJING—Chinese e-commerce giant Alibaba Group Holding has dismissed a female employee who accused a former co-worker of sexual assault earlier this year, Chinese regime-backed newspaper Dahe Daily reported late on Saturday. Dahe Daily interviewed the employee, saying she had received notification of termination at the end of November, and published a copy of what she…

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China’s SenseTime Postpones $767 Million Hong Kong IPO After US Ban

December 13, 2021
Asia & PacificChinaChina Business & EconomyInternationalIPOSenseTimeWorld
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Chinese artificial intelligence start-up SenseTime Group Inc. postponed its $767 million Hong Kong initial public offering (IPO) on Monday after being placed on a U.S. investment blacklist. SenseTime said it remained committed to completing the offering and would publish a supplemental prospectus and an updated listing timetable. Reuters first reported earlier on Monday the company’s…

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