Biotech
Nov – Modern Shanghai plant break ground; the $1bn deal was signed in July
Oct – Junshi’s PD-1 drug, with US & Canada right purchased by partner Coherus was approved by FDA
Agricultural purchases
Oct – signed 11 purchasing agreements/contracts, worth multiple billions in value
Nov – 600k ton soybeans; and then 3mn+ tons; a good summary here
Cargill Inc., the world’s biggest #crop trader, said #China just made an enormous purchase of US #soybeans (more than 3 million metric tons) that underscores bullish momentum in the global #oilseed #market.https://t.co/dOa0sFaAAT
— farmdoc daily (@farmdocDaily) November 11, 2023
Industrial / Areospace
Nov – GE Aerospace’s 25 GEnx-1B engines order from China Eastern Airlines to power its Boeing 787 fleet.
Nov – Xiamen Airlines purchases.
Market is speculating more Boeing orders.
Consumer internet / tech
Nov – Meta’s Oculus is coming to China in late 2024 (w/ a lower-end version of Quest 3), with Tencent as partner; WSJ reported the talk between Meta and Tencent back in Feb 2023.
Nov – Nvidia to release 3 new chips for China market (H20, L20 and L2), available as soon as the end of this year.