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William Wu - 1 Shen Meng - 1 Adam Plowright - 1 “ - 1 Emmanuel Macron – - 1 Read - 1 Adam Plowright Adam Plowright - 1 — - 1
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☆ China's property stimulus raises optimism — but more steps are needed for a sectoral turnaround
  + stars: | 2024-10-09 | by ( Anniek Bao | In | ) www.cnbc.com   time to read: +2 min
China's property stimulus measures delivered a modest boost to the market, but they are not enough to turn around the troubled sector, according to analysts. Home sales ticked up in some cities during China's week-long holiday, as stimulus measures boosted homebuyers' sentiment, a report by research group China Index Academy showed. Average daily sales in Beijing jumped 81%, in terms of floor area, compared to the same holiday period the year before. Last year's Golden Week holiday was between Sept. 29 and Oct. 6. The average daily sales figure stood at 107,000 square meters this year, the report showed, against 177,000 square meters in 2021, 158,000 square meters in 2022, and 145,000 square meters in 2023.
Persons: William Wu, Shen Meng Organizations: China Index Academy, Beijing, Daiwa, Chanson, CNBC, CIA Locations: Shanghai, Beijing, China, Guangzhou, Shenzhen
☆ Opinion: The Paris Olympics are holding an uncomfortable mirror up to France
  + stars: | 2024-06-03 | by ( Opinion Adam Plowright | ) edition.cnn.com   time to read: +5 min
CNN —Every host country of the Olympic Games faces a reckoning. But the world’s biggest sporting event holds a mirror up to a nation like few other events. After a public investment of billions of dollars and years of preparations, what do we, the host country, want to show the world about ourselves? Far-right leader Marine Le Pen took aim at Nakamura’s supposed “vulgarity,” suggesting that her representing France would “humiliate” the country. “What is the point of holding the Olympic Games in France if we then hide who we are?” asked Marion Marechal, an arch-conservative whose party attracts the country’s disaffected Catholics.
Persons: Adam Plowright, “, Emmanuel Macron –, Read, Adam Plowright Adam Plowright, —, it’s, Emmanuel Macron, Aya Nakamura, John Shearer, Edith Piaf, ’ Marion Marechal The, Marine Le, ”, clapped, Marion Marechal Organizations: CNN, Olympic Games, trudging, Twitter, Facebook Locations: France, Paris, tracksuits, New York City, Mali, Invalides
☆ Chinese companies rush for U.S. listings ahead of new rules
  + stars: | 2023-03-31 | by ( Jason Xue Tom Westbrook | Jason Xue | Tom Westbrook | ) www.reuters.com   time to read: +3 min
Seven Chinese firms including Chanson International (CHSN.O) and Hongli Group (HLP.O) have launched public offerings in March to raise a combined $82.3 million, compared with just four in the preceding two months. That will "reduce regulatory uncertainty" said Mandy Zhu, head of China Global Banking at UBS, and standardise domestic firms' international listings. "But we will abide by Chinese rules and carry out all follow-up work cooperation if necessary." Earlier in the week, steelmaker Hongli Group, food grain manufacturer YanGuFang International Group (YGF.O) and wheelchair-maker Jin Medical International listed in the U.S, also receiving tepid responses from investors. Reuters reported on Thursday that London is also courting new Chinese listings.
☆ Here's how tech giants Microsoft, Google, and Baidu are dealing with ChatGPT, and what that could mean for investors
  + stars: | 2023-02-08 | by ( George Glover | ) www.businessinsider.com   time to read: +5 min
ChatGPT's viral success has caught the eye of big tech companies and investors. Microsoft is working to integrate the bot into its search engine, while Google is scrambling for alternatives. Major tech names like Microsoft, Google parent Alphabet, and Chinese tech giant Baidu have all taken steps in recent weeks to show they're trying to harness the technology underpinning OpenAI's ChatGPT. BaiduChinese search giant Baidu is also working on developing a rival to ChatGPT to use in its services. But analysts generally expect Baidu's bounce to prove short-lived – because so many of its competitors, including Microsoft and Google, are working on similar AI programs.
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