Hong Kong stocks fall as traders see limited policy stimulus from China to stem a deeper economic slowdown, while Biden prepares to warn US businesses about doing business in the city.
Monthly Archives For July 2021
U.S. Warns Businesses Over Rising Risks in Hong Kong Under China Crackdown
The Biden administration is warning American businesses about the increasing risks of operating in Hong Kong as China’s tightening grip on the city causes business conditions to deteriorate.
How Defaults in China Are Reshaping Its Credit Market
After three record years of bond defaults, Chinese policy makers rushed when the pandemic hit to prevent another wave of missed payments. Now they are taking advantage of a strengthening economy and …
‘Will look into WHO proposal’: China on next phase of probe into coronavirus origin
China said it is in the process of considering a proposal made by World Health Organization (WHO) Director-General Tedros Adhanom Ghebreyesus, urging Beijing to cooperate in the next phase of …
Steel Sector Update – China’s Steel Exports Rise As Domestic Demand Weakens: Motilal Oswal
China’s apparent monthly steel consumption fell below 1% YoY last month for the first time since March 2020. Lower consumption in China also pushed mills to export more, with Ju …
China vows to retaliate if US imposes further Hong Kong sanctions and issues business warning
The White House has signalled that it will target more officials over what it sees as the erosion of the city’s freedoms.
China reviewing WHO plan for nfurther probe into coronavirus origins
China said it was reviewing plans for further inquiry into the origins of the coronavirus, after the World Health Organization chief urged Beijing to …
Fitch Affirms Beijing Shougang Fund at ‘A-‘; Outlook Stable
Fitch Ratings has affirmed Beijing Shougang Fund Co., Ltd.’s (Shougang Fund) Long-Term Issuer Default Rating (IDR) …
In Beijing, digital currency a current trend
CNY, is pictured at a shopping mall in Shanghai, on May 5, 2021. [Photo/Agencies] In Beijing’s Fengtai district on Wednesday, a college student paid tuition using e-CNY, or digital yuan. It was the …
Ericsson warns of China retaliation following Sweden’s Huawei ban
Ericsson’s sales plunged in China as the Swedish telecoms equipment maker warned it was likely to suffer retaliation due to Sweden banning its Chinese rival Huawei from building 5G networks in the …
After closing down exchanges and other related businesses, China is going after crypto community forums like Coin World
China made it very clear early on that it isn’t a fan of decentralised currencies and vowed to take action against the rising trend. The last few years were great for the crypto mining community…
China’s central bank says crypto gave impetus to the creation of its CBDC
A working paper released in English by the People’s Bank of China cites cryptocurrencies as an important context for the digital yuan’s development and reveals that the digital currency will use …
China Opened a National Carbon Market. Here’s Why it Matters.
The program may help China eventually curb greenhouse gas pollution. But making emissions markets work is tricky.
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