From the beginning of the pandemic, North Korea has claimed to be among a handful of countries without a single case of Covid-19. Almost a year into the global emergency, a growing body of unverified…
Monthly Archives For November 2020
China’s tech independence, emissions drive could cut growth to 3% – S&P Global
China’s push to achieve technological self-reliance and become carbon neutral could see its economic growth halve to an average of 3% over the next decade, credit rating agency S&P Global said on … ( read…
China’s sovereign digital currency pilot in ‘early stage’ as transactions hit US$300 million
The central bank’s digital yuan is accelerating the world’s second-biggest economy’s journey towards a cashless society by increasing the number of consumers paying for good … ( read original story …)
China must control financial risk as its markets open wider, regulatory body says
China must safeguard against financial risk as it prepares to open its markets wider to private and foreign investors, a regulatory body chaired by the country’s top economic adviser said on Saturday. ( read original…
China State Banks Plan Curbs on Metals, Forex Trades if U.S. Election Fuels Volatility
BEIJING/SHANGHAI (Reuters) – Two major state-owned Chinese banks warned on Monday that they could restrict trading of precious metals and foreign exchange products if this week’s U.S. presidential … ( read original story …)
China’s factory activity rises to near-decade high in October – Caixin PMI
Activity in China’s factory sector accelerated at the fastest pace in nearly a decade in October as domestic demand surged, a private business survey showed on Monday, adding further momentum to an … ( read…
China’s factory activity nears decade-high led by boom in domestic demand, but exports slowed as COVID-19 spike hit US and Europe
Asia’s second-largest economy is recovering from the start-of-the-year weakness, but the risk of declining export demand still poses a risk. ( read original story …)
Ant IPO: how US-China trade tensions are driving foreign investment in world’s largest public offering
Foreign investors’ appetite for pipeline of Chinese technology IPOs seems to be growing despite threat of US financial sanctions, but analysts say it is unclear how long the window of opportunity may … ( read…
China Is Getting Ready for a World Without Trump
Now that Trump appears to be on his way out, and China’s economy is growing again — with parts of Europe and the U.S. resuming lockdowns — the yuan’s outlook is rosy. Reining in excessive…
Why Beijing Hopes for a Biden Win
Elections have consequences, both domestic and foreign. There is a consensus among China observers that Beijing hopes for a Joe Biden win this November, because the last time Biden was in charge, as … (…
China expected to sanction Australian copper, sugar as ties between Beijing, Canberra continue to sour
In wake of the trade conflicts and souring relations between China and Australia, importers across Beijing are expected to brace for a possible round of sanctions on copper ore and copper concentrate … ( read…
Chinese Lender Lufax Raises $2.36 Billion in IPO. Why It’s a Broken Deal.
Shares closed at $12.85, below its $13 IPO price, making it a so-called broken deal. Lufax is looking to make retail borrowing and wealth management easier, safer, and more efficient in China. It … (…
Ant Group’s Financially Inclusive Blockbuster IPO
Ant Group from the beginning has sought to be financial inclusive through its wealth management products and lending. Its IPO was no different. ( read original story …)
