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China’s Largest Chipmaker SMIC Posts Impressive 2022 Revenue Chinese Economy

China’s Largest Chipmaker SMIC Posts Impressive 2022 Revenue

The revenue posted by SMIC is arguably one of the biggest signs of recovery for the Chinese economy. Semiconductor Manufacturing International Ord Shs (HKG: 0981) the largest chipmaker in China has posted better-than-expected revenue for the 2022 financial year. As reported by CNBC citing the company’s published financials, it said…
bubmag
February 10, 2023
China’s Economic Reopening Complicates the Global Fight Against Inflation Chinese Economy

China’s Economic Reopening Complicates the Global Fight Against Inflation

With China’s economy open again, customers were shopping for flowers for Lunar New Year on Friday in Hong Kong. Photo: TYRONE SIU/REUTERSBy Stella Yifan Xie Jan. 22, 2023 9:00 am ET HONG KONG—Just when signs point to easing inflation worldwide, China’s economic reopening after years of strict pandemic controls is…
bubmag
January 22, 2023
China’s reopening will boost Hong Kong markets despite weak GDP print, HKEX chairman says Chinese Economy

China’s reopening will boost Hong Kong markets despite weak GDP print, HKEX chairman says

Chinese and Hong Kong flags flutter as screens display the Hang Seng Index outside the Exchange Square complex, which houses the Hong Kong Stock Exchange (HKEX), on January 21, 2021 in Hong Kong, China. China News Service | China News Service | Getty Images Hong Kong markets are set to…
bubmag
January 17, 2023
Wholesale shipments skid in Nov. as pandemic takes toll Chinese Economy

Wholesale shipments skid in Nov. as pandemic takes toll

Wholesale new-vehicle deliveries dropped 7.9 percent to 2.33 million industrywide in November, ending a five-month recovery, the China Association of Automobile Manufacturers said Friday. The trade group blamed the market contraction on a slowing economy and a flare-up in coronavirus outbreaks across the country. Last month, wholesale deliveries of new…
bubmag
December 9, 2022