News
According to a report on the official website of the Shanghai Qingpu District's Government on August 11th, the exterior construction and interior decoration of Huawei's Xicen apartment project in Shanghai have been completed, and the project has entered its final stages. The apartments are expect...
Insights
Over the past two weeks, the unexpected rate hike by Japan, coupled with weak U.S. manufacturing PMI and rising unemployment rates, sparked fears of an economic recession in the markets. Meanwhile the strengthening of the yen prompted a significant number of carry trade investors to sell assets to ...
News
According to a report from the South China Morning Post, the U.S. export controls, which are restricting China's access to advanced chips and technology, have intensified China's efforts to replace global semiconductor manufacturing equipment. However, industry sources have indicated that China sti...
Insights
The National Bureau of Statistics of China released the CPI and PPI data on August 9. The Consumer Price Index (CPI) for July increased by 0.5% year-on-year, higher than the 0.2% growth in the previous month and above the market expectation of 0.3%. This marks the six consecutive months of positive ...
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Japanese semiconductor equipment maker Tokyo Electron (TEL) has raised its profit forecast for the fiscal year 2024 (ending March 2025), expecting an operating profit of JPY 627 billion (approximately USD 4.3 billion), an 8% increase from its previous guidance. Tokyo Electron contributed the str...