DeepSeek drives US$1.3 trillion China stock rally as funds pile in
DeepSeek’s breakthrough in artificial intelligence is helping drive a rotation of stock funds back into China from India.
Hedge funds have been piling into Chinese equities at…
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China home prices fall at slower pace after stimulus boost
BEIJING – China’s home price declines abated for a second month in October, aided by the country’s recent policy support.
New-home prices in 70 cities, excluding state-subsidised…
Pharma giant AstraZeneca says its China chief is under investigation
BEIJING – The head of multinational pharmaceutical giant AstraZeneca’s China arm is under investigation in the country, the firm said.
Mr Leon Wang, president of AstraZeneca…
China sees first sign of manufacturing recovery after stimulus blitz
BEIJING – China’s manufacturing activity expanded for the first time in six months and services picked up in October, indicating that Beijing’s boldest stimulus measures since…
Apple disappoints with tepid forecast, China weakness despite strong iPhone sales
LOS ANGELES – Apple, heading into its most critical sales period of the year, sparked fresh concerns about revenue growth and lingering weakness in an intensely competitive China…
China and Hong Kong stocks jump as aggressive stimulus boosts sentiment
Beijing’s liquidity support for the stock market will come in the form of a 500 billion yuan swap facility and a 300 billion yuan relending facility. Mr Pan said the authorities…
China property shares plunge after removal from Stock Connect
BEIJING – Shares of some Chinese developers dropped in Hong Kong after they were made inaccessible to investors in the mainland, marking another setback for the beleaguered…
US climate envoy Podesta to visit China from Wednesday for talks
BEIJING – U.S. climate envoy John Podesta will visit China for three days from Wednesday to discuss climate change issues, the environment ministry said, as the world’s two…
China considers allowing refinancing on $7 trillion in mortgages
BEIJING – China is considering allowing homeowners to refinance as much as US$5.4 trillion (S$7 trillion) in mortgages to lower borrowing costs for millions of families and boost…
China factory activity shrinks again in warning to economy
China’s factory activity contracted for a second straight month in June, signalling weakness in an area that Beijing is betting on to drive the economy.
The official…