Category: Shanghai News

China’s Oil Dream Dims as State Giants Cut Capex by $19 Billion

The nation’s three biggest state producers will slash their spending plans this year by a combined $19 billion, with PetroChina Co.’s 32% chop leading the way, the fattest among global majors. The ……


China stocks log best month in five on virus drug trial, policy hopes

China stocks rallied on Thursday to post their biggest monthly advance since December, after positive trial results for a drug to treat COVID-19 and downbeat data reinforced hopes of further stimulus ……


China stocks touch seven-week high on coronavirus treatment, policy hopes

SHANGHAI, April 30(Reuters) – China stocks hit a seven-week high on Thursday after a COVID-19 drug study showed encouraging early results and downbeat data reinforced hopes of further stimulus to ……


China, South Korea Ease Border Controls for Business Travel

China and South Korea agreed to ease quarantine requirements for some business travelers, Beijing’s first such move to revive essential economic activities disrupted by the coronavirus pandemic….


Tesla Is Slashing Price of Model 3 in China

Tesla management said on a shareholder call that the price cuts will be accompanied by improved efficiencies at its Shanghai factory….


Japan stocks jump more than 2% on hopes of coronavirus treatment; China’s manufacturing data misses expectations

Gilead Sciences said preliminary results of a coronavirus drug trial showed at least 50% of patients treated with a five-day dosage of remdesivir improved and more than half were discharged from the ……


China Factory Data Shows Global Slump Undercut Nascent Recovery

China’s first official data for April suggest the economy has split into two tracks, with a domestic rebound undercut by weak overseas demand….


China’s virus-hit box office faces losses of over $4.2 billion: state media

China’s movie box office faces losses of more than 30 billion yuan ($4.24 billion) this year after the coronavirus epidemic forced theatres to shut and the production and distribution of films to be ……


China opposes international COVID-19 probe that presumes its guilt – vice foreign minister

China “resolutely opposes” any international inquiry into the coronavirus pandemic that presumes its guilt, said Yue Yucheng, a vice-foreign minister, in comments published on Thursday….


China’s Luckin Coffee Cannot Be the Next Starbucks

Luckin’s biggest problem isn’t murky accounting, which crushed its shares, but rather its business model Continue ……