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☆ 'Really, really cheap': Pros name 4 under-the-radar stocks to play a China turnaround
▼ + stars: | 2024-03-12 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Declining foreign investment and a prolonged property slump are just some of the issues that have put pressure on the Chinese economy — and stock market. We're still relatively underweight China, but we've been reducing that underweight [as] some of the stocks there have become really, really cheap." China Market Research Group's Shaun Rein agrees. "If you're a multinational, if you're looking to drive growth over the next three to five years, the next China is China. Shares in Fufeng are held in the iShares MSCI China Small-Cap ETF , while Xinyi Glass shares are held in the Franklin FTSE Hong Kong ETF and SPDR S & P China ETF .

Persons: Kamil Dimmich, CNBC's, we've, Shaun Rein, it's, Salomon, Arc'teryx, Dimmich Organizations: Shanghai, South Capital, Research, Amer Sports, New York Stock Exchange, Stock, Fufeng Group, Ford, General Motors, Hong Kong Stock Exchange, Xinyi, Franklin FTSE, Franklin FTSE Hong Kong ETF Locations: China, It's, India, Vietnam, Franklin FTSE Hong

☆ China's semiconductor state fund invests $2 billion in memory chip firm
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Florence Lo/Illustration//File Photo Acquire Licensing RightsBEIJING, Oct 31 (Reuters) - China's state-backed chip investment fund has invested 14.56 billion yuan ($1.99 billion) in a memory chip company called Changxin Xinqiao, records showed. According to company registration website Qichacha, Changxin Xinqiao was founded in 2021 in Hefei city, in the eastern Anhui province. Its general manager is Zhao Lun, who is the general manager of ChangXin Memory Technologies, one of China's leading memory chip companies. Changxin Xinqiao and the Big Fund did not immediately respond to Reuters' requests for comment. The organization raised 138.7 billion yuan for its first fund, and 204 billion yuan for its second fund.

Persons: Florence Lo, Changxin Xinqiao, Zhao Lun, YMTC, Changxin, Yelin Mo, Roxanne Liu, Brenda Goh, Simon Cameron, Moore Organizations: REUTERS, Rights, China Integrated Circuit Industry Investment Fund, National Enterprise, Technologies, Big Fund, Memory Technologies, Huawei Technologies Co, Big, Reuters, Thomson Locations: China, Rights BEIJING, Changxin, Hefei city, Anhui, United States, Changxin Xinan, Hefei Xinyi, Taiwan, South Korea, Beijing, Shanghai

☆ Indonesian indigenous islanders are rallying against plans to build a Chinese funded factory on their homes
▼ + stars: | 2023-09-19 | by ( Heather Chen | ) edition.cnn.com time to read: +10 min

CNN —A plan to build a multi-billion dollar Chinese glass factory in Indonesia’s Riau Islands Archipelago has sparked fierce protests from indigenous islanders who are opposed to their villages being torn down. Riot police were deployed to the scene and fired tear gas and water cannons at protesters, CNN affiliate CNN Indonesia reported. On Rempang island, chaos broke out on September 7 when local authorities and developers showed up to conduct land surveys and take measurements. BP BatamIn a bid to soothe tensions, Indonesian government officials have promised improved relocation packages for residents on Rempang. Relocation and compensation only have economic value and cannot replace the villagers’ collective memory and identity as local indigenous people,” said Arifin Jaynal Ylbhi, spokesperson for the Indonesian Legal Aid Foundation (YLBHI).

Persons: Joko Widodo, Xi Jinping, ”, “, Muhammad Rudi, Investment Bahlil Lahadalia, Arifin Jaynal Ylbhi, Hong Kong, Ansar Ahmad, Didit Wicaksono, Widodo, Nur, Sophie Grig, Bahlil Organizations: CNN, Badan, BP, Riot, CNN Indonesia, Government, Investment, Indonesian Legal Aid Foundation, Ford, General Motors, Volkswagen, Greenpeace, Veteran National Development University of Jakarta, Survival, CNN Indonesia . Investment Locations: Riau, Indonesia, Southeast, Batam, Singapore, Rempang, Hong, Malay, ” Riau, Greenpeace Indonesia, West Papua, Jakarta, CNN Indonesia

Even home remedies such as canned peaches are being snapped up by people looking for ways to fight Covid. Macao is another special administrative region of China, while Zhuhai is a southern mainland Chinese city which it borders. Current rules don’t allow medicines to be mailed directly from Hong Kong to mainland China, according to the salespersons. Sending agents directly from Hong Kong, which also shares a land border with the mainland, isn’t feasible due to a lack of available agents, Simon said. In Macao, the drug regulator ordered pharmacies last week to limit purchases of pain relievers, fever medicines and antigen test kits.

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