By Antoni Slodkowski and Liz Lee China frees Mintz staff in move to soothe foreign sentiment BEIJING -Chinese authorities have released all employees of a U.S. corporate due diligence firm detained in Beijing two years ago in an apparent move to reassure foreign firms operating in China amid sliding foreign investment in the world’s No.2…
(Corrects name of company to Corning in paragraph 2) BEIJING (Reuters) -China’s Vice Premier He Lifeng sought to reassure foreign corporate chiefs of the country’s business potential when he met with the heads of Apple, Pfizer, Mastercard, Cargill and others on Sunday. He also met with pharmaceutical firm Eli Lilly, medical device company Medtronic and…
Foreign investors poured $1.2 billion into Chinese equities this week — the largest weekly inflow since October 2024 — as blockbuster rallies in electric vehicle giant BYD and Chinese AI firms reignited confidence in China’s market rebound, driving global fund managers to ramp up their bets on Asia’s biggest economy.According to Elara Securities’ Global Liquidity…
Catch up on some of SCMP’s biggest China and economy stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. US to slash size of diplomatic mission in China by 10%: sources The United States is set to cut the size of its diplomatic mission in China…
Technological innovation in China still has “much room for improvement” and the country needs financial support to develop new ideas, according to a prominent economist. Tian Xuan, chairman of Tsinghua University’s national institute of financial research, said there is a particularly large gap with the United States. He said nine out of the 10 biggest…
As foreign investment slows and the confrontation between the US and China over tech increases, the Chinese Minister of Industry and Information Technology, Jin Zhuanglong, invited Apple (AAPL, Financial) to increase its investment in innovation within China. When meeting Apple CEO Tim Cook recently, Jin stressed Apple’s position in China’s technology chain, encouraging the company…
Encouraging Chinese companies to set up joint ventures abroad may be Beijing’s only way out of its trade imbalances with Western countries, according to a Chinese foreign trade expert. Speaking at a round table event in Beijing on Friday, Huo Jianguo, former head of a think tank under China’s Ministry of Commerce, told representatives of…
Economist Sanjeev Sanyal wants the central government to allow foreign direct investment (FDI) from China, as was pitched by the Economic Survey 2023-24, but says that New Delhi’s security concerns are also real. “China is already India’s largest source of imports and somewhere we cannot wish them away because they are the cheapest source of…