Welcome to Everyday Economy, a comprehensive financial news platform covering a wide range of topics including stocks, funds, foreign exchange, bonds, insurance, and personal finance.
In today’s highlights, we report that the brand value of the top 30 publicly listed beverage companies in China has reached 1.6578 trillion yuan. However, 10 funded projects have underperformed expectations, and Golden Dragon Fish faces challenges with a projected sales growth in 2024 unable to offset falling prices.
In corporate news, Robotech responded to Shenzhen Stock Exchange inquiries regarding two separate transactions that were not part of a larger deal. Meanwhile, the Chinese government continues to encourage multinational companies to expand their investments in China, as highlighted by recent meetings between leaders.
On the pharmaceutical front, three companies have been implicated in a conspiracy to monopolize a common anesthetic, with prices skyrocketing over 20 times their original cost.
In the tech sector, NIO plans to gradually implement self-developed chips while addressing concerns over Bluetooth key compatibility.
In the energy sector, Daikin Heavy Industries has signed a $135 million contract for an offshore wind power project, marking a significant step forward in renewable energy initiatives.
In the financial markets, reports indicate that the average daily trading volume for ETFs in the Shanghai market surged by over 27% month-on-month, highlighting a competitive landscape in ETF offerings.
Overall, the current economic climate reflects a mix of challenges and opportunities across various sectors, from finance and pharmaceuticals to technology and renewable energy.
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