CHINA TOPIX

04/26/2024 12:02:12 am

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Unemployment

Businesses Restart in China Whereas Employees Fired Due to Financial Difficulties

Chinese factories have reopened but experienced a plunge of overseas orders. Hence, despite the resumption of work in these factories, employees were laid off.

General Motors

China Fines GM $29M for Monopolistic Pricing

China has fined $29 million to General Motor's main joint venture for reportedly suppressing competition by enforcing minimum sales for dealers.

Japan is on course to replace China as the biggest creditor for the first time.

Japan Poised to Overtake China as Biggest US Creditor

This is due to the Chinese Central Bank dipping into its foreign exchange reserves to support the Yuan

China Film Co. IPO.

China Film Co. to Raise Capital Through Entertainment Industry’s Biggest IPO

China's largest movie distribution company China Film Co is planning to raise 4.09 billion Yuan ($611 million) through its initial public offering (IPO), making it the biggest IPO ever in country's entertainment industry.

The UK headquarters of the Swiss banking group UBS. The bank in China opens a new branch in Shanghai. (Photo: Oli Scarff/Getty Images)

UBS Bank China to Focus on New Family Needs as it Opens Branch in Shanghai

The UBS bank in China is keen about focusing its operations on new family needs as it opened its branch in Shanghai.

Beijing has the second largest number of tech startups in the world

Beijing Ranks Second in List of Cities With Most Number of Valuable Tech Startups in the World

The capital city of China Beijing has been recognized as the city with the second largest number of valuable tech startups in the world, next to the US' Silicon Valley.

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