Economy
World / Countries / MNCs
Tokyo: Japanese electronics major Daikin industries is planning to dump China as it has failed to supply parts for manufacturing of Air conditioners, media reports said on Tuesday. more
China's extreme weather summer affecting its food and energy security

Beijing: Since 1961, reliable statistics have been kept. This summer has been the driest and warmest in China. A drought developed as a result of the intense weather, and it is still gett ...

European investments in China slowly decreasing

Beijing: European corporate investment in China is slackening as the country’s real estate market is slumping, and consumer spending is drying up due to the stringent COVID-19 polic ...

COVID-19, power outage hit China's manufacturing sector hard

Beijing: China's manufacturing sector has been hit hard and the outlook remains bleak amid a continuing onslaught of the coronavirus and power shortages caused by record heatwaves.

Confidence in the China market falters amid COVID-19 restrictions, geopolitical tensions: Survey

Washington/Beijing: Optimism about the future business outlook in China has dropped to a record low according to an annual membership survey from the US-China Business Council, an organiz ...

Japanese companies slowly moving out of China amid growing crisis

Beijing: Several Japanese production facilities have started moving out of China as Beijing continues to follow its Zero COVID-19 policy and even the friction on the Taiwan straits height ...

Worsening economy: Jobless Chinese man turns to car boot sales

Beijing: A Chinese man has been forced to invest his life savings of 80,000 yuan (USD 11,785) into selling coffee from the back of his green Suzuki microvan in Beijing, highlighting the t ...

China's autumn harvest under 'threat' amid severe heatwave

Beijing: China's autumn harvest is under "threat" from a severe heatwave, high temperatures, and drought, the Chinese media reported, while the authorities have warned, urgi ...

COVID-19: Panic selling grips Chinese tech stocks again amid rising concerns over lockdown

Hong Kong: The relentless sell-off in Chinese technology stocks continued in Hong Kong on Monday amid lockdown imposed in tech hub Shenzhen due to COVID-19 spike.

China-backed AIIB freezes lending to Russia and Belarus: Report

Beijing: The China-based Asian Infrastructure Investment Bank (AIIB) said it has suspended activities relating to Russia and Belarus until further review, media reports said.