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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChinese tech firms still see 'high demand from domestic market,' KraneShares saysXiaolin Chen, head of international at KraneShares, discusses the U.S. proposal to restrict investments in Chinese tech and artificial intelligence.
Persons: KraneShares, Xiaolin Chen Organizations: KraneShares
On Douban, a popular site for reviewing movies, books and music, users compiled a list of nearly 100 Taiwanese celebrities, detailing whether each of them had shared the post. On Saturday, CCTV publicly endorsed Taiwanese celebrities who shared its post, sharing the screenshots of 36 such reposts – fueling a further backlash against those who hadn’t. On Monday, Taiwan’s Mainland Affairs Council weighed in, accusing the Chinese Communist Party of requiring Taiwanese artists to express a political stance. The remarks and retweets by Taiwanese artists of the CCTV unification post came against the backdrop of China’s largest show of force around the island in more than a year. “This is not the first time, and probably not the last, that Taiwanese artists are forced to make a political stand in China,” said the leader.
Persons: Mayday’s, Ashin, , , Xi Jinping, Jolin Tsai, Edgar Su, China’s, Beijing’s, , Tsai, , Lin Chen, ” Lin, Lai Ching, Ichiro Ohara, Lai, Zhu Fenglian, ” Zhu, Lin Organizations: CNN, Party, China, Democratic Progressive Party, Cardiff University, Facebook, Mainland Affairs Council, Chinese Communist Party, Communist, Yomiuri Shimbun, Taiwan Affairs Office, Locations: Beijing, Taiwan, China, Taipei, Taiwanese, , Nanchang ”, Singapore, Weibo, ” Beijing
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's property sector won't be a wealth creator moving forward, says KraneSharesXiaolin Chen, head of international at KraneShares, says China's real estate sector is in need of consolidation.
Persons: KraneShares Xiaolin Chen
Chinese consumption continuing to pick up, analyst says
  + stars: | 2024-02-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChinese consumption continuing to pick up, analyst saysXiaolin Chen, head of international at KraneShares, discusses China's monetary policy easing and data from the key New Year period.
Persons: Xiaolin Chen Organizations: KraneShares
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGlobal investors are 'clearly' underinvested in China, KraneShares saysXiaolin Chen, head of international at KraneShares, discusses the key factors behind investor sentiment on China.
Persons: KraneShares, Xiaolin Chen Organizations: Email Global, KraneShares Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's property sector consolidation is 'not finished,' KraneShares saysXiaolin Chen, KraneShares' head of international business, discusses Chinese real estate developer Country Garden Holdings and the stress in the country's sector.
Persons: KraneShares, Xiaolin Chen Organizations: Garden Holdings Locations: country's
Revenue was 67.96 billion Chinese yuan ($9.33 billion), up 33.4% from 50.93 billion yuan posted in the same period a year ago. The firm also swung to profit of 4.69 billion Chinese yuan for the second quarter, compared to a loss of 1.11 billion Chinese yuan a year ago. Many merchants had to suspend their business, while consumers chose to stock packaged food instead of ordering fresh food delivery. Meituan leads China's food delivery market, holding almost 70% of the market share in the mainland, according to a 2022 report on Meituan. Besides food delivery, the tech firm also operates various services including ride-hailing, on-demand delivery, hotel and travel booking, movie ticketing, entertainment and lifestyle services.
Persons: Yan Cong, Wang Xing, Wang, Meituan, Doksuri, Xiaolin Chen, Chen, CNBC's, Pony.ai Organizations: Bloomberg, Getty, Revenue, Consumers, Hong, HK, Fitch Locations: Beijing, China, Yan, Hong Kong, Tianjin, Hebei, Shanxi, Henan, KraneShares
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeituan's acquisition of AI startup can 'significantly' improve its cost model, KraneShares saysXiaolin Chen of KraneShares discusses Chinese food delivery giant Meituan's acquisition of artificial intelligence startup Light Year and says the company's decision to increase its bets on AI is a "very encouraging" step.
Persons: KraneShares, Xiaolin Chen
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKraneShares discusses China's policy signals and what investors needXiaolin Chen, KraneShares head of international, discusses China's recent Politburo statement and what it might mean for the country's economic recovery.
Persons: KraneShares, Xiaolin Chen
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's weak economic data should be a 'wake-up call' for more stimulus, KraneShares saysXiaolin Chen, head of international at KraneShares, discusses how Chinese policymakers should address the country's economic challenges.
Persons: Xiaolin Chen Organizations: KraneShares
China's gross domestic product grew 3% in 2022, less than half of 2021's rate. China's economy looks poised for a rebound in 2023, but a lot depends on one variable — the consumer, said investment management firm KraneShares. "We believe the reopening may lead to a V-shaped recovery in the share prices of China's consumer brands in early 2023. "The fallout from regulatory changes affecting the real estate development industry lingered longer than expected despite a commitment from the government to stabilize the sector," Chen said. China's real estate market slowed down sharply in 2022 as the government tightened restrictions on borrowing by developers.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe near term will be bumpy for China, but the zero-Covid policy won't make a comeback, analyst saysChina has a "bumpy road" up ahead after ditching its zero-Covid policy, according to Xiaolin Chen, head of international at KraneShares.
Four technology stocks are set to be "winners from a potential consumer recovery" in China, according to HSBC. Consequently, shares of Luxshare, Wingtech and Sunny Optical have fallen between 37% and 57% this year. That means the two companies face downside risks if orders from Apple do not materialize or there is a drop in consumer demand for Apple products. According to recent Bank of America research, a handful of global chip tech stocks are also set to soar on strong EV car sales in China. While a rise in consumer demand was assured in the near term, Xiaolin Chen, head of international business at ETF firm KraneShares, warned that sustained Chinese GDP growth of 5% every year faced hurdles.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKraneShares: Xi's Saudi Arabia trip critical for China's international diplomatic relationsXiaolin Chen, head of international at KraneShares, discusses President Xi's visit to the Middle East, analyzing the geopolitical and economic implications for China.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiden-Xi meeting marks 'a very significant step,' KraneShares saysXiaolin Chen, head of international at KraneShares, discusses U.S. President Joe Biden's meeting with Chinese President Xi Jinping, and analyses Beijing's tech sector.
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