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Search Result for “losses”

Showing 1 - 10 of 12

BUSINESS

China breaks durian import record

South China Morning Post, Published on 23/01/2025

» LONDON — With China's durian imports breaking records in 2024 - reaching nearly US$7 billion in value - competition for its market, the world's largest, has intensified as Vietnam and Malaysia ramp up their efforts to dethrone Thailand as chief provider of the beloved tropical fruit.

PROPERTY

Thailand's property boom attracts Chinese investors, but fraud risks loom

South China Morning Post, Published on 19/12/2024

» Thailand's property market is booming and so is fraud. Mainland Chinese buyers, who accounted for nearly half of the purchases by foreigners last year, are among the victims.

BUSINESS

Chinese EV makers' price wars will sow doubts over quality

South China Morning Post, Published on 13/06/2024

» BEIJING - Price competition among Chinese electric vehicle (EV) makers abroad is not sustainable since consumers will start to doubt the quality and reliability of the cars if they are frequently discounted, according to Bain & Co.

WORLD

China hands death sentence to ex-banker for taking bribes

South China Morning Post, Published on 29/05/2024

» BEIJING - A court in eastern China delivered a rare death sentence on Tuesday, after finding that a former senior banker accepted bribes worth more than 1.1 billion yuan (US$151 million) in his role with one of the country's top four state asset managers.

BUSINESS

China's EV price war spreads overseas

South China Morning Post, Published on 25/05/2024

» BEIJING - A price war among Chinese electric vehicle (EV) assemblers is spreading to overseas markets as more than a dozen players look abroad to bolster sales and chase higher profits to offset losses at home.

BUSINESS

China faces 3% GDP loss as heatwaves intensify

South China Morning Post, Published on 14/03/2024

» More frequent and severe global heatwaves will disrupt future supply chains around the world, a new study has found.

BUSINESS

China's high-yield property bonds hand investors a 22% loss

South China Morning Post, Published on 07/12/2023

» Dollar-denominated bonds sold by junk-rated Chinese developers remain a minefield for investors, as another depressing year of losses and defaults in the real estate sector draws to a close, according to money managers.

WORLD

Elderly Hong Kong woman tricked out of HK$16 million after giving out bank account details

South China Morning Post, Published on 19/11/2023

» An elderly woman was tricked out of HK$16 million (US$2.05 million) after giving out her bank account details in Hong Kong, losing the most among victims discovered in the latest police crackdown on scams that has led to the arrest of 21 suspects.

BUSINESS

Hong Kong stocks hit 2-week low as Alibaba tumbles 2.9% on ex-CEO surprise exit, China deflation concerns

South China Morning Post, Published on 11/09/2023

» Hong Kong stocks fell to a two-week low, led by losses in Alibaba Group after former chairman and CEO Daniel Zhang Yong surprisingly departed from the e-commerce group amid a leadership transition.

WORLD

China's northeast braces for Doksuri fallout after typhoon takes toll on Hebei

South China Morning Post, Published on 06/08/2023

» More than 1½ million people in the Chinese province of Hebei have abandoned their homes to avoid rising floodwaters as record rainfall carves a trail of destruction through the country's north.