Yang Bingben News Today

China's economic troubles deepen as industrial profits sharply fall, factories contract, and deflation raises concerns for overall growth.

BEIJING: When Kris Lin, who owns a lighting factory in China, received this year's first order from a close overseas client, he faced a distressing choice: Take it at a loss, or tell workers not to come back after the Lunar New Year. "It was impossible for me to lose this order," said Lin, who plans to res

When Kris Lin, who owns a lighting factory in China, received this years first order from a close overseas client, he faced a distressing choice: take it at a loss, or tell workers not to come... -February 04, 2024 - MarketScreener

For Chinese businessman Han Changming, disruptions to Red Sea freight are threatening the survival of his trading company…

For Chinese businessman Han Changming, disruptions to Red Sea freight are threatening the survival of his trading company in the eastern province of Fujian. Han, who exports Chinese-made...

For Chinese businessman Han Changming, disruptions to Red Sea freight are threatening the survival of his trading company in the e...

Red Sea Economy Crisis: The rupture of one of the worlds busiest shipping routes has exposed the vulnerability of Chinas export-reliant economy to supply snarls and external demand shocks. In a speech at the World Economic Forum in Davos on Tuesday, Premier Li Qiang emphasised the need to keep global supply chains "stable and smooth", without referring specifically to the Red Sea.

For Chinese businessman Han Changming, disruptions to Red Sea freight are threatening the survival of his trading company in the eastern province of Fujian. Han, who exports Chinese-made cars to Africa and imports off-road vehicles from Europe, told Reuters the cost of shipping a container to Europe had surged to roughly $7,000 from $3,000 in December, when Yemen's Iran-aligned Houthi movement escalated attacks on shipping. "The disruptions have wiped out our already thin profits,&#x...

Manufacturers and eateries keen to stay open in China are preferring to err on the side of caution, by retaining COVID-19 curbs until they get a clearer picture of just how workplaces will be affected by the easing of stringent measures. The world's second largest econo...

Manufacturers and eateries keen to stay open in China are preferring to err on the side of caution, by retaining COVID-19 curbs until they get a clearer picture of just how workplaces will be