Image: Photo by WANG ZHAO / AFPChina’s consumer price index (CPI) rose above trend in August, fueled by a continued surge in food costs and weather-related supply shortages.Factory-gate prices, expressed by the producer price index (PPI), told a completely different story. The PPI gauge plunged deeper into deflation last month, the result of a bitter…
China’s retaliatory trade tariffs have targeted U.S. automakers but Chinese consumer responded by purchasing more cars imported from the U.S., a recent economics study found. When the U.S. began raising tariffs on Chinese-made goods in 2018, China responded by raising tariffs on cars and parts imported from the U.S. The results, however, were not what…
Zhihu may not be as well known outside of China as WeChat or ByteDance’s Douyin, but over the past eight years, it has cultivated a reputation for being one of the country’s most trustworthy social media platforms. Originally launched as a question-and-answer site similar to Quora, Zhihu has grown to be a central hub for…
Africa’s mobile phone industry has in recent times been dominated by Transsion, a Shenzhen-based company that is little known outside the African continent and is gearing up for an initial public offering in China. Now, its Chinese peer Vivo is following its shadow to this burgeoning part of the world with low-cost offerings. Vivo, the…
Trading on China’s new Nasdaq-style stock market began today, with 25 tech companies listed on the Science and Technology Innovation Board, operated by the Shanghai Stock Market. Called the STAR Market, the board is an initiative by the government to encourage more Chinese tech companies to list domestically by addressing concerns about governance. Traders cautioned…
Besides fat-fingered whales, the other species HODLers should learn to fear are large-scale Bitcoin miners whose electricity cost is zero. The reason? Their break-even point is low enough to depress the fair market value of the Bitcoin price, dashing the asset’s seven-figure ambitions. Just this week, Chinese police busted a gang of Bitcoin miners that…
