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Zhengzhou

China’s central bank backs Beijing’s property destocking plan as housing sales crawl

by Anas Siddiqui
China’s central bank backs Beijing’s property destocking plan as housing sales crawl

China’s central bank has backed the government’s plans to use public resources to absorb the nation’s unsold homes as it moves to remove an inventory overhang in the world’s largest …

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China property: new stimulus is on the way as Politburo pledges to cut housing inventory, say analysts

by Anas Siddiqui
China property: new stimulus is on the way as Politburo pledges to cut housing inventory, say analysts

The Hang Seng Mainland Properties Index, a gauge tracking 10 home builders listed in Hong Kong, advanced 4.5 per cent to 1,430.88 at the Thursday close, the highest so far …

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China’s Henan province sees drop in smartphone exports as Apple diversifies manufacturing supply chain outside the mainland

by Anas Siddiqui
China’s Henan province sees drop in smartphone exports as Apple diversifies manufacturing supply chain outside the mainland

According to data released by Zhengzhou’s local customs authority, Henan’s smartphone exports totalled 6.65 million units in the first quarter, down 60.1 per cent from the same period last year. …

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Algorithmic trading platforms poised to take a hit as China’s commodity bourses tweak trading rules

by Ron Morgan
Algorithmic trading platforms poised to take a hit as China’s commodity bourses tweak trading rules

Chinese commodities exchanges are ending the refunds paid on some automated trades, as the authorities seek to reduce volatility in markets that help set the prices that the country pays …

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Apple supplier Foxconn sees revenue decline in first quarter of 2024 amid weak global consumer electronics demand, sluggish iPhone sales

by Anas Siddiqui
Apple supplier Foxconn sees revenue decline in first quarter of 2024 amid weak global consumer electronics demand, sluggish iPhone sales

Foxconn Technology Group, the world’s biggest iPhone assembler, expects revenue to decline in the first quarter of 2024 amid weak global consumer electronics demand, extending a decrease in sales in …

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Apple supplier Luxshare to take control of key iPhone plant in eastern China via US$300 million deal with Taiwan’s Pegatron

by Anas Siddiqui
Apple supplier Luxshare to take control of key iPhone plant in eastern China via US0 million deal with Taiwan’s Pegatron

Apple’s key Chinese manufacturing partner Luxshare Precision Industry Co is set to gain control of an iPhone assembly site run by a Taiwanese rival, as the US tech giant fosters …

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Huawei has a big problem with the popular Mate 60 5G smartphones: there’s not enough supply to meet growing demand

by Anas Siddiqui
Huawei has a big problem with the popular Mate 60 5G smartphones: there’s not enough supply to meet growing demand

“Production capacity can’t meet demand, which is the reason Huawei is doing pre-orders,” said Counterpoint Research senior analyst Wang Yang, adding that presales help buy some time for Huawei to …

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In Li Keqiang’s heartland, a flood of floral tributes for China’s former premier

by Ron Morgan
In Li Keqiang’s heartland, a flood of floral tributes for China’s former premier

Li spent six years from the later 1990s in Henan, first as governor, then as its Communist Party boss. Dozens of people, from children to the elderly, gathered in the …

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