Catenaa, January 28, 2025 – Global tech stocks plummeted for a second consecutive day Tuesday as the unveiling of a cost-efficient Chinese AI model disrupted investor confidence in the sector. Nvidia shares fell 17% on Monday, erasing $593 billion in market value, a historic one-day loss. Chinese startup DeepSeek introduced a low-cost AI assistant that […]
Catenaa, Monday, February 03, 2025 – Canada, Mexico and China have announced retaliatory measures after President Donald Trump signed executive orders imposing steep tariffs on imported goods. The White House confirmed Saturday that the US would implement a 25% tariff on goods from Canada and Mexico and a 10% tariff on items from China. In […]
Alibaba Group recorded a revenue increase of 8% year-over-year(y/y) in the third quarter of 2024 despite poor performance in China, supported by cloud and e-commerce growth, the fastest in 2 years. The revenue recorded during the quarter was $ 38.3 billion, an 8% increase y/y, surpassing expectations as sales jumped by 13% y/y. Income from […]
Catenaa, Thursday, April 10, 2025- Chinese companies that sell products on Amazon are preparing to hike prices for the US market or quit it with the ongoing trade war between China and the US. Head of Shenzhen Cross-Border E-Commerce Association, China’s largest e-commerce association, Wang Xin said that it will be very hard for anyone […]
Catenaa, Saturday, April 19, 2025- Apple and Nvidia stocks have been in the forefront of Trump’s trade war, shedding $ 1 trillion in market cap collectively since liberation day. The two tech stocks’ volatility since Trump’s “Liberation Day” reciprocal tariff announcement on April 2, shows how the investors are battling the ever -changing uncertainty in […]
Catenaa, Friday, February 21, 2025 – Asian stocks climbed to a three-month high on Friday as investors rallied around Chinese tech stocks with enthusiasm for Artificial Intelligence(AI). MSCI’s broadest index of Asia-Pacific jumped more than 1% to its highest since November 8 on Friday, putting the index on track for a sixth straight week of gains, the […]
Beijing, November 21, 2023- Baidu, China’s leading search engine company, experienced a significant surge in revenue during the June quarter, Baidu said on November 21. While some analysts said the increase was caused by China’s ChatGPT rival Ernie, a Bloomberg news report suggested the surge was driven by a recovery in advertising and consumer spending […]
Catenaa, Monday, March 03, 2025- Baidu plans to offer about $ 1.4 billion of bonds offshore, a report by Bloomberg said on Monday, as the company has security payments due in April. Quoting people familiar with the matter, the report said, the operator of China’s leading search engine, plans to issue 10 billion yuan of bonds, […]
Catenaa, Sunday, January 12, 2025 – China has unveiled strict new rules aimed at tightening control over cross-border cryptocurrency transactions, signaling an intensified regulatory crackdown amid economic challenges. The measures require banks to rigorously track the identities of individuals and institutions involved in crypto activities, targeting potential risks such as money laundering, cross-border gambling, and […]
Catenaa, Monday, April 21, 2025-Beijing China issued a stern warning Monday to countries seeking trade agreements with the United States that undermine Beijing’s interests, vowing to take retaliatory steps against those it accuses of “appeasement” in the escalating tariff war. In a sharply worded statement, China’s commerce ministry said countries negotiating with Washington at Beijing’s […]
Catenaa, Tuesday, March 18, 2025- The shares of Chinese electric vehicle maker BYD jumped to a record on Tuesday, passing the $162 billion market value, after the company unveiled a line-up of electric vehicles that can charge in five minutes. BYD’s stock climbed as much as 4.36% by 3,30 in the afternoon in Hong Kong, […]
Catenaa, Friday, February 28, 2025- China’s second biggest car seller, Chery Automobile, has applied for an initial public offering (IPO) in Hong Kong seeking a market valuation of $ 14 billion. a filling with the Hong Kong stock exchange said on Friday. Chery Auto sells vehicles under the Chery, Tiggo and Arrizo brands and aims to develop […]
Catenaa, Wednesday, March 05, 2025-Tensions between the world’s largest economies escalated as China and Canada retaliated against the latest round of US tariffs, raising fears of a full-scale trade war. The crypto market, already under pressure, saw a significant 12% drop in market value on Tuesday, as investors reassessed their exposure to risk amid mounting […]
Catenaa, Monday, January 13, 2025 – China has unveiled ambitious plans to integrate blockchain technology into its national data infrastructure, aiming to complete the project by 2029. The National Development and Reform Commission, alongside two other government bodies, released a policy document emphasizing blockchain’s role in enhancing the traceability and trustworthiness of data. Despite its […]
Catenaa, Sunday, February 16, 2025 – China authorities have uncovered a massive underground banking operation that laundered over CNY 1 billion ($136 million) through cryptocurrency, leading to multiple arrests and exposing the increasing use of digital assets for illicit cross-border transactions. The network, which operated across several provinces, used cryptocurrencies to bypass China’s strict financial […]
Catenaa, Friday, February 28, 2025-The People’s Bank of China (PBOC) have asked China’s banks to cut interest rates offered on U.S. dollar deposits to curtail dollar hoarding and prop up a weakening yuan, a report by Reuters said on Friday. Quoting two banking sources, the Reuters report said that over the past few weeks banks across China […]
Catenaa, Monday, April 07, 2025- China investors saw an Ugly Monday as the markets fell by nearly 7% as the nation retaliates to US tariffs after an extended weekend. The Shanghai Composite index fell by 6.34% on Monday morning, CSI 300 fell by 6.47%, and the Hang Seng Index fell by 10.4%. A gauge of […]
Catenaa, Thursday, April 17, 2025-China has ordered its airlines to suspend new deliveries of Boeing aircraft, escalating tensions in an intensifying US -China trade dispute, Bloomberg reported Tuesday. The directive halts delivery of approximately 10 Boeing 737 Max jets slated for Chinese carriers. Exceptions may be made if documentation and payment are finalized before Chinese […]
Catenaa, Saturday, April 19, 2025- China has suspended all exports of rare earth minerals and related magnets, cutting off critical supplies to the US, Japan, Germany and other nations in response to President Donald Trump’s sweeping “Liberation Day” tariffs. Beijing imposed export restrictions April 4, requiring licenses for rare earth shipments. However, the licensing system […]
Catenaa, Thursday, April 10, 2025- China has announced a sharp increase in tariffs on US imports, raising them from 34% to 84% in a direct response to the US imposing 104% tariffs on Chinese goods earlier on April 9, 2025. This sudden escalation in the trade war caused a ripple effect in global markets, leading […]
Beijing, Monday, February 26, 2024 – On Thursday, February 22, the People’s Bank of China announced a significant cut to the five-year loan prime rate (LPR), the largest since the reference rate’s introduction in 2019. This move comes amidst China facing a deepening economic crisis and growing deflationary pressures, and it aims to stimulate borrowing […]
Catenaa, Wednesday, February 26, 2025– China is planning to inject at least $ 55 billion to start re-capitalizing several of its biggest banks by June this year, following through on a broad stimulus package unveiled last year to shore up the struggling economy, a report by Bloomberg said on Wednesday. Quoting sources the report said Chinese authorities […]
Catenaa, Thursday, April 17, 2025- China local governments are selling seized cryptocurrencies through private firms in offshore markets, despite the country’s sweeping ban on crypto trading, Reuters reported Tuesday. Citing court documents and transaction records, the report says regional authorities held around 15,000 Bitcoin — valued at $1.4 billion — at the end of 2023. […]
Catenaa, Wednesday, April 16, 2025– China has recorded an unexpectedly 5.4% GDP growth in the first quarter before the US trade tariffs took effect, official data showed on Wednesday. The National Bureau of Statistics (NBS) said, China’s economy grew by 5.4% in the first quarter, beating estimates of 5.1%, continuing the export driven growth seen […]
Catenaa, Tuesday, April 08, 2025- China State-owned Assets Supervision and Administration Commission said on Tuesday it fully supports central state-owned enterprises to increase their stock holdings and share buybacks to reduce impact on the ongoing trade war on the stock market. Several Chinese state-owned companies, including oil giant Sinopec, have already announced plans to buy […]
Catenaa, Monday, April 14, 2025- China overall trade surplus hit $ 103 billion in March, official data showed on Monday, as the results of the trade war between China and the US is yet to be seen. According to China Customs, China’s trade surplus surged to $102.64 billion in March 2025, up from $58.65 billion […]
Catenaa, Tuesday, December 10, 2024 – China’s leaders on December 9 announced a significant pivot in economic policy, adopting bolder measures to address slowing growth and prepare for 2025, while tensions with the US over trade and technology continue to escalate. The Politburo, the nation’s top decision-making body led by President Xi Jinping, pledged to […]
London, Thursday, June 6, 2024 – A promotional seminar targeting the second China International Supply Chain Expo (CISCE) was held on May 24, 2024, in London. Over 150 representatives from UK and Chinese firms, enterprises, and media companies have participated in the seminar. The second CISCE will be held in Beijing from November 26 to […]
Catenaa, Wednesday, March 05, 2025- China has set its economic growth to 5% for 2025, official documents suggested on Wednesday, while presenting more stimulus measures to bolster the economy. In the Government Work Report released after its government annual meeting, Beijing has raised its budget deficit level to 4% of Gross Domestic Product (GDP). This is the […]
Catenaa, Friday, March 07, 2025– China will set up a government-backed venture capital guidance fund in the near future that will mobilize $138.01 billion from social capital to support technology startups, country’s top economic regulator said on Thursday. “In the near future, we will establish a national venture capital guidance fund, with the goal of enhancing, strengthening and […]
Catenaa, Saturday, April 19, 2025-China warned on Tuesday that escalating tariffs imposed by the Trump administration will have serious repercussions for the global economy, even as its first-quarter growth surpassed expectations. China’s GDP expanded by 5.4% year-over-year between January and March, outpacing analysts’ forecasts of 5.1%. The surge was driven by stronger factory output and […]
Catenaa, Tuesday, December 31, 2024 – The Further Upgrade Protocol of the China-Singapore Free Trade Agreement (CSFTA) officially came into effect today, December 31, 2024, marking a milestone in deepening economic ties between the two countries. China’s Ministry of Commerce announced that the agreement aligns with high-standard international trade rules and significantly opens service trade […]
BEIJING. Wednesday, January 17– On Friday, December 22, China’s introduction to new rules targeting in-game spending and rewards, aims to curb video game addiction and promote healthy habits among young people. About 10 out of the 64 articles include updated or new guidelines, marking the most significant regulatory alterations since additional restrictions were imposed on […]
Catenna, Friday, March 14, 2025- China’s financial regulator on Friday ordered banks and other financial institutions to encourage more consumer financing and properly relax consumer credit quotas and loan terms to increase consumer spending in China. The National Financial Regulatory Administration (NFRA) said banks should lend more and also find ways to help borrowers who […]
Thursday, May 24, 2024 – The competition for dominance in the global semiconductor industry is intensifying, fueled by billions of dollars in investments from both the United States and China. The US allocated USD 32.8 billion under its CHIPS Act to boost Semiconductor and Chip production, while China set aside a staggering USD 142 billion. […]
Catenaa, Tuesday, April 22, 2025- China’s automobile exports expanded by 16% in the first quarter with recovery of the global auto market and EV brand expansion. China Passenger Car Association Secretary General Cui Dongshu said in a WeChat post on Tuesday that China’s automobile exports reached 1.54 million units in the first quarter of the […]
Catenaa, Thursday, March 27, 2025-Chinese automaker BYD surpassed Tesla in total electric vehicle sales, including hybrids, delivering a record 4.3 million vehicles in 2024, the company announced recently. While Tesla sold 1.79 million battery EVs last year, BYD was close behind with 1.76 million. However, its hybrid sales gave it a commanding lead in the […]
Catenaa, Wednesday, March 19, 2025- The People’s Bank of China (PBOC) has unveiled a plan to integrate artificial intelligence into the nation’s financial sector, emphasizing automation, cybersecurity, and regulatory oversight. During its annual Technology Work Conference on Monday, the central bank outlined its 2025 financial technology agenda, prioritizing large-scale machine learning models in banking operations. […]
Catenaa, Wednesday, April 02, 2025-China’s manufacturing activity expanded at its fastest pace in a year in March, with new orders driving production growth, offering some relief to the world’s second-largest economy as it faces mounting US trade pressures. The official manufacturing purchasing managers’ index (PMI) rose to 50.5 in March, up from 50.2 in February, […]
Catenaa, Monday, April 21, 2025-US retail investors could trigger major sell-offs of Chinese companies’ American depositary receipts (ADRs) if the Trump administration moves to sever financial ties with China, Goldman Sachs warned Wednesday. In a report, the bank said individual investors in the U.S. held around $370 billion worth of Chinese ADRs, making them especially […]
Catenaa, Wednesday, November 27, 2024-A federal appeals court on Tuesday overturned US Treasury sanctions against Tornado Cash, ruling that the crypto privacy tool cannot be classified as foreign property under sanction laws. The decision, made by the 5th U.S. Circuit Court of Appeals, emphasized that Tornado Cash’s immutable smart contracts are software, not entities subject […]
Catenaa, Sunday, April 20, 2025-Investors are retreating from the US dollar and Treasurys as President Donald Trump’s sweeping tariffs stoke fears of economic instability and drive volatility in global markets. Since Trump’s latest tariff hike — the largest since 1909 — the dollar has lost nearly 10% of its value, hitting a three-year low against […]
Catenaa, Friday, March 14, 2025- Emerging markets has seen a net foreign inflow of about nearly $16 billion in February, Institute of International Finance (IIF) said on Thursday, as investors rally around Chinese equities and debt. Data by IIF said that Chinese stocks sucked in $11.2 billion, but selling elsewhere meant emerging market equity portfolios saw a […]
Catenaa, Friday, April 18, 2025-Freight carriers have begun canceling sailings from China to the United States as booking volumes plummet amid a deepening trade war, highlighting growing pressure on global supply chains and shipping routes. At least 80 canceled sailings from China have been recorded, according to logistics firm HLS Group. The cuts follow sharp […]
Catenaa, Monday, February 17, 2025 – Goldman Sachs raised its 12-month target price for Chinese stocks on Monday to bring in $ 200 billion in inflows, following the recent Artificial Intelligence(AI) boost. In recent weeks Chinese tech stocks have been on a strong rally boosted by DeepSeek’s AI breakthrough and Goldman Sachs estimates that AI […]
Catenaa, Wednesday, April 09, 2025-Goldman Sachs forecasted a 2.4 percentage point cut to China’s GDP growth due to US President Donald Trump’s 104% tariffs on Chinese goods, which took full effect early Wednesday. The sweeping levies, analysts warn, could derail Beijing’s 5% growth target for 2025 and have already sparked renewed fears of a prolonged […]
Catenaa, Tuesday, February 18, 2025 – Hong Kong’s (HK) Hang Seng TECH Index, which represents the 30 largest listed technology companies, recorded a 3-year high on Tuesday after it gained over 3% fueled by the Al rally and promised relief by Chinese President Xi Jinping. Hoever, China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes moved little […]
Thursday, May 30, 2024 – The Hong Kong Monetary Authority (HKMA) announced on May 17, 2024, their integration with the People’s Bank of China (PBoC) to enable the set-up and use of e-CNY wallets for cross-border payments between Hong Kong and the Mainland in China, exclusively for Hong Kong residents. The launch of an e-CNY […]
Catenaa, Monday, March 31, 2025– China’s telecom giant Huawei Technologies net profits fell by 28% in 2024, the company said on Monday, as the company invested 20% of its sales revenue in R&D. Huawei Technologies reported 62.6 billion yuan or $8.6 billion in net profit last year, down from 87 billion yuan the year before. […]
Catenaa, Thursday, April 03, 2025- More than 180 countries are set to face the US reciprocal tariffs by President Donald Trump, where countries such as China sees a tariff of 54% on its exports to the US. Trump and the White House shared a series of charts on social media detailing the tariff rates they […]
London, Monday, February 12, 2024 – Global index provider MSCI announced on Monday, February 12, a shakeup of its flagship MSCI-China Index and said it had removed 66 companies deemed non-compliant with its sustainability criteria. This is the largest single-quarter removal in at least two years and reflects the ongoing struggles of Chinese equities. MSCI […]
Catenaa, Wednesday, April 16, 2025- Nvidia stock fell over 7% on Wednesday, after the company said that it would take a $5.5 billion hit from the new controls imposed by the US on its semiconductor exports to China. Nvidia said in a regulatory filing late Tuesday night that the US government informed the company it […]
Catenaa, Thursday, April 17, 2025-Nvidia has begun manufacturing AI chips in the United States, establishing operations in Arizona and Texas as trade tensions rise and new tariffs loom under President Donald Trump’s administration. The tech giant announced that its latest Blackwell chips are now being produced at Taiwan Semiconductor Manufacturing Company (TSMC) facilities in Phoenix. […]
Catenaa, Friday, March 14, 2025-Russia is increasingly using cryptocurrencies in its oil trade with China and India, leveraging digital assets to streamline cross-border transactions, according to report filed by the Reuters said. While Russia has encouraged crypto adoption and passed legislation allowing digital payments in international trade, this is the first time its use in […]
Catenaa, Friday 22, 2024-The Shanghai High Court has ruled that cryptocurrencies possess “property attributes” under Chinese law, affirming their value as virtual commodities. However, the court also maintained China’s strict prohibition on the commercial use of cryptocurrencies, such as token issuance and speculative trading. The ruling arose from a legal dispute between an agricultural development […]
Catenaa, Friday, March 14, 2025– China’s fast-fashion retailer Shein is committed to taking the company public despite being in the trade war with US President Donald Trump. Executive Chairman of Shein, Donald Tang, said in an interview on Thursday that a listing would help earn public trust and increase transparency of Shein, which has been accused of […]
Catenaa, Friday, March 21, 2025– E-commerce giant Temu parent company PDD Holdings revenue grew by 24% in the December quarter, the company said on Thursday, missing the market estimates with low domestic demand and US Tariffs. The e-commerce company reported revenue of 110.6 billion yuan ($15.3 billion) for the December quarter, compared with LSEG analysts’ […]
Catenaa, Wednesday, March 19, 2025- China’s video gaming giant Tencent Holdings recorded an 85% year on year increase in net profits in the fourth quarter, the company said on Wednesday, driven by robust performances in its gaming business. The operator of the WeChat messaging platform reported a net profit of 51.5 billion yuan ($7.2 billion), […]
Catenaa, Wednesday, March 19, 2025-Tesla sales in Germany plummeted 76% in February as the electric vehicle maker faced backlash over CEO Elon Musk’s political ties and increasing competition in Europe’s biggest economy. According to the German Federal Motor Authority, Tesla sold just 1,429 vehicles last month despite a 31% rise in overall EV sales. Year-to-date, […]
Catenaa, Wednesday, March 19, 2025-Tesla shares fell another 5% Tuesday, continuing a steep downward trend as Wall Street analysts raised concerns about the electric vehicle maker’s global sales and competitive standing, particularly in China. The stock’s decline follows a 5% drop on Monday, extending a losing streak that could mark nine consecutive weeks of losses. […]
Catenaa, Friday, February 14, 2025 –TikTok has resumed availability on Apple and Google app stores in the United States after former President Donald Trump delayed enforcement of a ban until April 5, a report by BBC said. The popular video-sharing platform, used by more than 170 million Americans, was briefly removed last month as a […]
Catenaa, Monday, January 20, 2025 – TikTok began restoring services Sunday after President-elect Donald Trump announced plans to extend the timeline for enforcing a law banning the app unless ByteDance divests its US operations.Trump cited the app’s popularity and its role in benefiting small businesses as reasons for his decision, saying, “Frankly, we have no […]
Catenaa, Wednesday, March 05, 2025– US President Donald Trump called for new tax cuts, tariffs and curb inflation in his inaugural address to the Congress on Tuesday, as he looked to bring in trillions of dollars to the economy. Trump asked the congress to cut income taxes on Social Security benefits, tips, and overtime pay, and also […]
Catenaa, Monday, March 10, 2025– Taiwan Semiconductor Manufacturing Co. (TSMC), World’s largest chipmaker, said Monday that its revenue for the first two months of 2025 jumped 39% year-over-year, with demand for its artificial intelligence (AI) chips. The company said the revenue in January and February was a combined 553.30 billion New Taiwan dollars or $16.84 billion. February […]
Catenaa, Saturday, April 19, 2025-Major US banks reported strong profit in the first quarter of 2025, surpassing analysts’ expectations. However, executives raised alarms over the economic impact of ongoing tariffs, warning of potential slowdowns in growth. While trading revenues surged, with record performances in equity markets at JPMorgan Chase and Morgan Stanley, industry leaders cautioned […]
Catenaa, Friday, April 18, 2025-US demand for Chinese exports has ground to a halt at the Canton Fair, as surging tariffs from Washington trigger panic among manufacturers and uncertainty across global markets. Held for the first time since President Donald Trump’s sweeping 145% tariffs on Chinese goods took effect earlier this month, the country’s largest […]
Catenaa, Saturday,January 18, 2025 –The US Supreme Court has upheld a law banning TikTok unless its Chinese parent company, ByteDance, sells its US stake by tomorrow January 19, 2025. The unanimous ruling dismissed TikTok’s argument that the ban infringes on First Amendment rights, citing national security concerns tied to the app’s data practices and links […]
Catenaa, Wednesday, April 16, 2025-New tariffs introduced by the Trump administration could cost US semiconductor equipment makers more than $1 billion a year, according to industry estimates discussed with US lawmakers and officials. The three largest companies in the sector—Applied Materials, Lam Research, and KLA—may each face losses of about $350 million annually due to […]
Catenaa, Wednesday, April 02, 2025- US retailing giant Walmart is continuing to push Chinese suppliers to cut prices to offset President Donald Trump’s tariffs, Bloomberg reported on Tuesday, as liberation day is at hand. Quoting sources, Bloomberg said some Chinese manufacturers are finding it difficult to meet Walmart’s demands to cut prices by as much […]
Catenaa, Wednesday, April 09, 2025-The White House yesteday April 8 announced that the US would increase tariffs on China to 104%, escalating the trade conflict between the two nations. The move follows China’s refusal to reverse retaliatory tariffs on US goods, prompting President Donald Trump to impose a further 50% increase. This decision sent US […]
Catenaa, Thursday, April 10, 2025- Chinese yuan fell to its lowest value in 17 years against the US dollar on Thursday, with China’s central bank cutting its daily reference rate for the sixth straight session. The yuan slipped to 7.354 per dollar in early trade—its lowest since 26 December 2007, It has lost about 1.2% […]
Catenaa, Friday, April 04, 2025-OnlyFans founder Tim Stokely’s startup Zoop, Amazon and the HBAR Foundation have submitted a bid to acquire TikTok from ByteDance, Reuters reported Wednesday. The bid was sent to the White House and President Donald Trump, according to Zoop co-CEO RJ Phillips. He said the move aims to reshape digital ownership, benefiting […]