2023 Newsletters
2023 Calendar Week 41
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 these…
2023 Calendar Week 40
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…
2023 Calendar Week 38/39
1.Chinese train tickets were fully sold within a second for National Day holiday This year, the Mid-Autumn Festival and National Day holiday will span eight consecutive days from 29th September to 6th October. On Friday, 15th September, the sale of…
2023 Calendar Week 37
1. The Munich Motor Show witnessed the emergence of Chinese-made cars On 4th September 2023, the IAA MOBILITY 2023 commenced. The Munich Motor Show has traditionally been the domain of European auto industry leaders like Volkswagen, Mercedes-Benz and BMW, but…
2023 Calendar Week 36
1.HUAWEI’s Mate 60 Pro is back on the market after US sanctions Without any press release, without any launch event, without any rumors, Huawei unexpectedly released its flagship phone Mate 60 Pro on 29th August 2023 at 12:08pm. People, especially…
2023 Calendar Week 35
1. BRICS has announced its expansion by inviting six countries to join In a landmark move on the morning of August 24th, leaders at the fifteenth BRICS summit unveiled a significant expansion of the organization. Argentina, Egypt, Ethiopia, Iran, Saudi Arabia,…
2023 Calendar Week 34
1.China holds Key Mortgage Rate steady, stoking market concerns amid property crisis On 21st August, in an unexpected move, the People’s Bank of China (PBOC) maintained its five-year loan prime rate (LPR) at 4.2% during the August adjustment, fueling apprehensions…
2023 Calendar Week 33
1. While China’s trade falls in July, year-to-date figures remains stable In July, China’s imports and exports were USD 482.92 billion, down 13.6%. Exports were USD 281.76 billion, down 14.5%; imports were USD 201.16 billion, down 12.4%. The trade surplus was…
2023 Calendar Week 32
1.Homegrown Luckin Coffee surpassing Starbucks to become the largest coffee house in China Luckin Coffee, a homegrown budget coffee chain in China, has outperformed Starbucks to become the country’s top-grossing coffee company for the first half of 2023. This achievement…
2023 Calendar Week 31
1. In the first half of 2023, profits of industrial companies above 20mn revenue fell by 16.8% In the first half of 2023, large-scale industrial companies (above CNY 20mn revenue) achieved business revenue of CNY 62.62 trillion (approximately $8.76 trillion), down…