There are two elements to China’s influence on seaborne coal markets in Asia; robust demand as the Chinese economy rebounds from the coronavirus pandemic; and Beijing’s policy choice to ban imports …
Monthly Archives For July 2021
Alibaba-backed LinkDoc drops plans for its US IPO after Beijing’s crackdown on overseas listings, report says
LinkDoc, which filed for its IPO last month, was due to price its offering after the US market close on Thursday.
China’s central bank confident of expanding digital yuan program
BEIJING, July 8 (Xinhua) — China’s central bank said Thursday it is confident of continuing to expand the pilot program of digital yuan for which the upcoming Beijing Winter Olympics will be an …
China Pivots on Central Bank Easing as Fed Heads for Taper
China made a surprise shift Wednesday by signaling the economy needs additional central bank support, a warning for the rest of the world about how circuitous the exit route from the Covid-19 pandemic …
229% Surge in China-U.S. Shipping Costs Drives Inflation Pressure
The cost to ship a boxload of goods to the U.S. from China edged close to $10,000 as the world’s biggest economy keeps vacuuming up imports amid slower recoveries from the pandemic from Europe to…
An IPO slowdown would benefit ETF investors, Renaissance’s Kathleen Smith says amid China’s Didi crackdown
“A little bit of fear in the market” will likely help investors in ETFs such as Renaissance Capital’s U.S. IPO ETF, the firm’s chairman says.
China targets offshore IPO structure, to require ministry approval -sources
Chinese companies looking to list offshore will also need approval from the relevant ministry, the sources told Reuters, in a break from a decades-old arrangement that did not require them to seek a …
U.K. Lawmakers Seek China Winter Olympics Boycott After Pelosi Rallying Call
“The evidence of severe human rights abuses and crimes against the Uyghur people is already overwhelming and indisputable,” said the U.K. Foreign Affairs Committee chair.
Non-basmati rice exports to China set to soar threefold
As per industry insiders, Indian exporters have offered broken rice at $300-350 per tonne to Chinese buyers, lower than ruling global prices of $390-400 per tonne.
Can China’s import of recycled steel take the heat off iron ore prices?
As iron ore prices surge to never seen before highs, propelled by recovering global steel demand, an increasingly popular narrative is making its rounds in China on the potential of replacing, or …
China’s crypto crackdown is not likely to stop with Bitcoin mining — stablecoins, software, influencers are also on its radar
China’s crackdown on cryptocurrencies doesn’t seem like it’s going to stop with the ban on bitcoin mining. The Asian’s giant’s central bank is also laying down the hammer when it comes to …
One of China’s wandering elephants is returned to reserve
A male Asian elephant that had separated from a herd that has been wandering southwest China for more than a a year has been anaesthetized and returned to its nature reserve …
Tech giants Alibaba and Tencent fined by China’s anti-monopoly regulators
China’s leaders worry about the dominance of its biggest internet companies, which are expanding into finance, health services and other sensitive areas.
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