Wednesday, June 29, 2022
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China’s economy didn’t bounce back in the second quarter, China Beige Book survey finds

China's exports surged by 16.9% in May from a year ago, two times faster than analysts expected. Pictured here on June 15, 2022, are workers in Jiangsu province making stuffed toy bears for export.Si Wei | Visual China Group | Getty ImagesBEIJING — Chinese businesses ranging from services to

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China cuts quarantine time for international travelers in big step toward easing Covid controls

For more than two years, overseas travelers have had to quarantine upon arrival in China because of Covid restrictions. Pictured here at Beijing International Airport on June 18, 2022, are passengers waiting to be taken to quarantine-designated destinations.Leo Ramirez | Afp | Getty ImagesBEIJING — China cut the quarantine

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Sequoia says it is optimistic about Southeast Asia’s start-ups despite challenging market

Venture capital firm Sequoia is still "quite optimistic" about long-term prospects for start-ups, despite the recent market volatility."This is a particularly challenging market for founders to get started," Abheek Anand, managing director of Sequoia Southeast Asia, told CNBC's "Squawk Box Asia" on Wednesday.When asked about the firm's outlook for

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China’s economic numbers come in better than expected, but ‘difficulties and challenges’ remain

New energy vehicles, which include hybrid and battery-powered cars, have seen sales surge in China despite a slump in the overall car market. Pictured here is an unnamed new energy vehicle factory in Jiangsu province on June 13, 2022.Wan Shanchao | Visual China Group | Getty ImagesBEIJING — China

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Most factories in Shanghai resume work as Covid controls ease, ministry says

German automaker Volkswagen is one of state-owned automaker SAIC's foreign partners in China. Pictured here on June 7, 2022, is the joint venture's factory in Shanghai.Qilai Shen | Bloomberg | Getty ImagesBEIJING — Factories in two of China's Covid-hit economic hubs have mostly resumed work as the impact of

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China tries to shake off the worst of the pandemic in a long, zero-Covid journey

A handful of tourists visit the normally packed Yuyuan Garden during the Dragon Boat Festival holiday on June 4, 2022, in Shanghai, where authorities are allowing a return to normal life and business activity.Vcg | Visual China Group | Getty ImagesBEIJING — China is starting to show signs of

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Self-driving car companies’ first step to making money isn’t robotaxis

A WeRide robotaxi with health supplies heads to Liwan district on June 4, 2021, in the southern Chinese city of Guangzhou.Southern Metropolis Daily | Visual China Group | Getty ImagesBEIJING — While governments may be wary of driverless cars, people want to buy the technology, and companies want to

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Alibaba, Tencent and JD.com all just posted their slowest revenue growth on record

Alibaba, whose headquarters are pictured here on May 26, said its online physical goods GMV in China, excluding unpaid orders, fell further in April, with a "low teens" decline from a year ago.Str | Afp | Getty ImagesBEIJING — Chinese tech giants Alibaba, Tencent and JD.com have all posted

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