Having sweltered through May, southern and eastern China face more weeks of unrelenting heatwaves, putting power grids under strain as demand for air-conditioning soars in mega-cities like Shanghai.

'Relentless' heatwaves scorch southern China, test power grids

Asian leaders accustomed to straddling the US-China divide are increasingly nervous that tensions between the world’s two superpowers could spiral toward conflict, with a series of decisions on both sides making it harder for Beijing and Washington to find common ground.

Fear of US-China conflict looms over Singapore defence forum

Exxon Mobil Corp is forging ahead with a multibillion-dollar petrochemical complex that’s the cornerstone of its growth strategy in China, even as political tensions push other corporations to reassess their exposure there.

Exxon bets on China's chemicals growth even as US relations sour

China’s manufacturing surveys this week provided contradictory signals of factory activity in May, suggesting the outlook for the world’s second-largest economy remains uncertain, and policymakers may need to do more to spur growth.

China’s mixed factory surveys show recovery still uncertain

The boom-and-bust in Chinese airline stocks is another sign that investors are losing patience with the country’s slow recovery months after it lifted Covid-19 restrictions. 

The country’s three largest carriers — China Southern Airlines Co Ltd, Air China Ltd, and China Eastern Airlines Corp Ltd — went from being among the world’s top performing airline stocks in the fourth quarter to becoming the worst losers so far this year, according to data tracked by Bloomberg. The trio’s Hong Kong-listed shares have fallen more than 16% this year, while a Bloomberg gauge tracking global airlines has gained 3%.

China's carriers worst airline stocks as reopening bet fades

China's new home prices fell for the first time in four months in May and home sales slumped, according to a private survey, adding to pressure on a property market which is struggling to stabilise from a sharp slump.

China new home prices, sales fell on soft demand in May

Foreign investors' selling of Chinese shares gained some momentum in May, as flagging domestic demand and expectations for weak corporate earnings led to steep falls on mainland and Hong Kong stock markets.

Foreigners pulled more money out of China in May

Dr Martens flagged lower profit margins for 2024 fiscal year after the British bootmaker posted a slump in its annual profit on Thursday (June 1), citing higher investments to tackle supply chain and operational snags.

Bootmaker Dr Martens flags hit to profit margins on higher investments

China's factory activity unexpectedly swung to growth in May from decline, a private sector survey showed on Thursday, driven by improved production and demand, helping struggling firms that have been hit by slumping profits.

China's factory activity swings to surprise growth in May — Caixin PMI

New rules under consideration would restrict the flow of US investments and know-how into Chinese companies working on advanced semiconductors, artificial intelligence and quantum computing, a US Treasury official said on Wednesday.

Speaking before a Senate Banking Committee hearing, Paul Rosen, who oversees investment security at Treasury, said officials are working on curbing investment from the US that "comes with know-how and expertise to certain specific sectors and subsectors such as advanced semiconductors, artificial intelligence and quantum computing," citing China and its military in particular.

US seeks to curb investment in Chinese chips, AI and quantum computing

China is rolling out the red carpet for global business leaders including Jamie Dimon and Elon Musk, seeking to allay fears the world’s second-largest economy is becoming more hostile toward foreign capital.

China woos Dimon, Musk as pressure builds on Xi to boost economy

Things are going from bad to worse for Chinese equities, with a key index tumbling into a bear market as disappointing manufacturing data added to the bleak outlook.

A gauge of Chinese stocks in Hong Kong dropped over 20% from its recent peak to enter a bear market, while the Hang Seng Index also retreated. The offshore yuan plummeted to a six-month low, while commodities from copper to iron ore slumped.

Everywhere you look in China are signs of more market misery

US agribusiness giant Cargill has agreed to sell its poultry business in China to private equity firm DCP Capital, it said in a statement on Wednesday (May 31).

Cargill selling China poultry unit to private equity firm DCP Capital

The gap between Chinese and US yields will likely remain for another three years as the nation keeps interest rates low to sustain a recovery and that may weigh on global investor demand, according to Credit Agricole CIB’s Patrick Wu.

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