The week in review: China posts strong economic data, FCC blacklists Huawei and four telecom peers, UBS increases JV stake

factory_adobe_575px_30Nov20
By Addison Gong
15 Mar 2021

In this round-up, China publishes a set of strong economic data for the first two months of the year, five Chinese telecommunications companies including Huawei Technologies are blacklisted in the US for posing a national security threat, and UBS is boosting its holding in its onshore securities joint venture to 67% from 51%.

Industrial production in China rose 35.1% year-on-year for the first two months of 2021, data released on Monday morning by the National Bureau of Statistics showed. Retail sales jumped 33.8% compared to a year ago. The growth had been expected at around 32.2% and 32%, respectively.

Fixed asset ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial