Your Daily Scan of the New Global Economy

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China
Hong Kong’s economy is reeling from the one-two blow of local protests and US-China trade conflict, but it will survive To all those in Hong Kong and overseas who are asking whether, or how severely, our summer upheavals will harm business, the answers are simple: there can be no “business as usual” as long as...
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WeWork, Sun Hung Kai sign lease deal as struggling US start-up prepares to open co-working space in Nanjing Struggling co-working firm WeWork has opted for a traditional long-term lease agreement with Sun Hung Kai Properties to open its first hub in Nanjing.The world’s largest flexible office space provider said on Friday that it has leased...
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China’s onshore bond defaults likely to continue rising as ratio matches 2018 record, Fitch says China’s onshore credit market stress is showing no sign of abating after record defaults in 2018, as Beijing’s monetary policy easing fails to shore up debt-ridden private companies amid the slowest economic growth.Default rate by issuer count stood at 44...
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As demand for genetic testing grows in China, start-up 23Mofang can now tell if you have royal blood It is a tantalising promise: for 449 yuan (US$64) and a saliva sample, Chinese genetic testing company 23Mofang can extract your DNA and genotype it to provide a comprehensive report that includes ancestral information, hereditary disease risks...
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Oppo steps up retail expansion in Southeast Asia to close sales gap on rival Samsung Oppo, the world’s fifth largest smartphone vendor, is accelerating the expansion of its retail network in Southeast Asia, where the Chinese company is poised to overtake regional market leader Samsung Electronics.Dongguan-based Oppo on Friday launched its first flagship store in...
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Yashili factory reshapes small town in New Zealand Located at the south of Auckland city with one hour driving distance, Pokeno used to be a small and remote town in Waikato district. Right now, it becomes much busier, after Yashili, a Chinese food firm set up a factory here.“When we came here in 2013, it...
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Synergizing — new trend of cooperation between Chinese and Indian companies With its rapidly growing economy and geographical advantages, India is now becoming an important destination for Chinese investors going global.Unlike traditional China-India cooperation, which was mainly in the field of import and export trade, industrial synergizing has come to the fore as a new...
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FDI inflow grows 6.5% in first 3 quarters FOREIGN direct investment into the Chinese mainland expanded 6.5 percent year on year to 683.21 billion yuan (US$96.53 billion) in the first three quarters of the year, an official with the Ministry of Commerce said yesterday. In US dollar terms, FDI inflow grew 2.9 percent year on...
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Regional rural products showcased at fair A FAIR at Shanghai Everbright Exhibition and Convention Center is exhibiting and selling products from 21 regions, including Yunnan Province, Kashgar in the Xinjiang Uygur Autonomous Region and Shigatse in Tibet, after partnering with them on poverty relief. The four-day fair that opened on Wednesday showcases several thousand agricultural...
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Star Wars novel Chinese-language Star Wars e-books and the world’s first authorized Star Wars online novel by a Chinese author are set for release, thanks to a cooperation between China Literature and Disney China. Since the debut of the first Star Wars movie 40 years ago, Star Wars stories have gained a huge number of...
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