China has set its sights on surpassing Silicon Valley in hi-tech development to increase self-reliance amid a heightened rivalry with the US. But its recent crackdown on the internet sector may …
Monthly Archives For March 2022
War Hits Gazprom’s Export Strategy
Europe’s intention to phase out Russian energy supplies in response to war in Ukraine could force Gazprom to make changes to its long-term export strategy.
US bans import of all China’s Li-Ning products, citing use of North Korean labour
The Chinese sportswear giant’s supply chain is accused of having North Korean ties, a violation of US sanctions.
First Mover Asia: China Equities Woes, Tensions With the US Have Barely Touched Bitcoin; Cryptos Climb
Hong Kong’s Hang Seng market has suffered through some of its worst days in more than a decade but have not seemed to affect bitcoin’s price much; cryptos rose slightly as investors waited for the…
China Covid-19 Lockdowns Rattle Oil Markets, Add to Uncertainty
New lockdowns dragged prices back below $100 a barrel, casting fresh uncertainty on a global economic expansion hamstrung by the war in Ukraine, rising inflation and the end of stimulus.
Market Update: Benchmarks end day in red after China’s sell-off on rising Covid-19 cases
The tech-fuelled rout in China also sent shock waves to the European market as key indices were trading about 1% lower.
Chinese Food Delivery Giants Are Taking a Hit to Please Beijing
The government has tapped an unlikely source of potential relief, compelling the country’s biggest food delivery platforms to cut their fees as a sign of willingness to share the pain. But it remains …
US warns allies China will provide financial, military aid for Russia in Ukraine
The U.S. has alleged via a diplomatic cable to NATO allies and some Asian countries that China is prepared to provide military and economic support to Russia during its ongoing invasion of Ukraine. An …
Economic Watch: China confident on annual growth target despite headwinds
China is confident that it has the necessary conditions to deliver this year’s economic targets through hard work despite the protracted pandemic and mounting challenges, an official said Tuesday. In …
China as Russia’s Backdoor to Western Sanctions
As Western sanctions bite deep into the core of Russia’s economy, China is increasingly being viewed as Vladimir Putin’s economic lifeline to sustain the nations economy.
Aluminum Leads Metals Lower as China Lockdowns Threaten Economy
Base metals slid as coronavirus outbreaks in China threatened to curtail the country’s economic output, hitting demand in the world’s top consumer of raw materials.Most Read from BloombergUkraine Upda …
China’s COVID lockdowns set to further disrupt supply chains
As Chinese officials scramble to contain the country’s worst outbreak of COVID-19 since early 2020, they are imposing lockdowns and restrictions that are adding chaos to global supply chains.
Lilbits: Layoffs at ARM, new Ryzen desktop chips, and Shenzhen shutdown could mean more supply chain slowdowns
Lilbits: Layoffs at ARM, new Ryzen desktop chips, and Shenzhen shutdown could mean more supply chain slowdowns …
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