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BlueFocus Intelligence achieved the highest surge among top-volume stocks today, with a 20.04% increase, closing at CNY 10.78. Shenzhen H&T Intelligence followed, rising by 7.55% to close at CNY 20.66. Dawning Information Industry also gained momentum, up by 4.16% to CNY 80.40.
Chinese markets saw dramatic fluctuations today as volatile stocks led by Shenzhen YSSTech and Guangdong Green PR posted double-digit gains, reflecting continued investor enthusiasm and risks.
Xiong'an New Power led today's stock losers, dropping 18.07% to 6.89 CNY, while several companies faced significant declines in a challenging trading session.
Shanghai Electric Wind Power Group surged 20.04% to 6.59 CNY, leading stock gainers today, with several companies achieving 20% increases amid a positive trading session.
The rising popularity of value-added pangasius products, such as dried fish maws and fish skin snacks, is a response to growing demand from consumers. Currently, 12 Vietnamese companies supply these products to the Chinese market, where fish maw is not only regarded as a delicacy but also as a symbol of prosperity and success. VASEP notes that the product is often gifted during important events in China.
The impact of the economic downturn is increasingly evident in the performance of Japanese firms operating in China. Many are encountering intensified competition from local Chinese enterprises and are now contemplating strategic withdrawals from the market. This shift marks a significant development, as it reflects a broader recalibration of business strategies in the face of an increasingly challenging environment.
Nearly half (48%) of the surveyed firms reported either reduced or paused their investments in China during 2023, a stark testament to the eroded confidence.
The focal point of attention was Chinese consumer electronics giant Xiaomi, which unveiled ambitious plans to venture into China's highly competitive electric vehicle market.
The nation's top industries reflect a blend of traditional strengths and emerging sectors, showcasing a diverse economic portfolio. From the prized gem trade to the growing tourism sector, Myanmar's industries contribute significantly to its development.