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China Economic Review 04/07/2020 00:31
JPMorgan Chase & Co.’s asset management arm said Friday it has reached an agreement with its partner to take full ownership of a Chinese mutual fund joint venture, reported Caixin. JPMorgan Asset Management plans to buy Shanghai International Trust Co. Ltd.’s 49% stake in China International Fund Management Co. Ltd., the joint venture they formed […]
China Economic Review 04/07/2020 00:30
China’s light vehicle production will drop 11.5% this year to around 21.6 million vehicles and will rebound by 7.5% next year, research firm IHS Markit predicted on Monday, reported Reuters. “The latest forecast takes the extended shutdown of auto plants in March and the supply chain disruption caused by the extended shutdown of the plants […]
China Economic Review 04/07/2020 00:22
US President Donald Trump gave a qualified endorsement to Beijing’s efforts to fulfill the first phase of a trade deal that the two sides reached in January, reported the South China Morning Post. Commenting on measures the US government has taken to protect various sectors of the domestic economy from the effects of the coronavirus, […]
China Economic Review 04/03/2020 00:13
China has banned the export of coronavirus test kits and other medical supplies that do not meet the country’s own standards, reported Caixin. The decision follows controversies in several virus-stricken nations over the poor quality of some tests and medical supplies exported from China. China’s Ministry of Commerce, General Administration of Customs, and National Medical Products […]
China Economic Review 04/03/2020 00:13
Luckin Coffee has revealed that an internal investigation found hundreds of millions of dollars of sales last year were “fabricated”, wiping almost 75% from the value of the company touted as China’s rival to Starbucks, reported the Financial Times. The coffee chain, which listed on Wall Street less than a year ago, put investors on notice that they […]
China Economic Review 04/02/2020 23:55
Asia’s leading multilateral development banks will boost their support to companies and governments stricken by the coronavirus pandemic in an effort to avert a financial crisis in the region, reported the Financial Times. The Beijing-based Asian Infrastructure Investment Bank plans to lend at least $5 billion to member countries to help them battle the pandemic. Jin […]
China Economic Review 04/02/2020 00:54
China will closely monitor swine fever prevention measures as it pushes farmers to restore hog production to achieve its full-year target, the agriculture ministry said on Wednesday, reported Reuters. Despite improvement in China’s containment of African swine fever, it still takes time to restore pork output from hog stocks, the ministry told local governments in a […]
China Economic Review 04/02/2020 00:42
China’s local authorities will be allowed to pump up sales of special-purpose bonds (SPBs) this year to bolster the government’s firepower in supporting the economy as it struggles to recover from the coronavirus outbreak. They are also being urged to speed up the issuance of the early quotas they have already been allocated, reported Caixin. The […]
China Economic Review 04/01/2020 00:15
China’s manufacturing activity recovered in March as workers returned to businesses, despite the expanding coronavirus outbreak overseas denting foreign demand, a Caixin-sponsored survey showed Wednesday, reported Caixin. The Caixin China General Manufacturing Purchasing Managers’ Index (PMI), which gives an independent snapshot of the country’s manufacturing sector, rebounded to 50.1 in March from a record low of […]

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