China’s currency rallied throughout the pandemic. But following the recent rosy 4.8% first-quarter GDP growth figure, , its worst week since 2015, to approach 6.6 per dollar. The steepness of the …
Monthly Archives For April 2022
Iron Ore’s Crash Tests Faith in China’s Stimulus Response
The worsening in Chinese demand conditions over the near term has sent iron ore prices into a tailspin, and the outlook for the rest of the year could be just as bleak.Most Read from BloombergUkraine…
China continues to back ‘Zero COVID policy’ even as cases spike
As the COVID-19 outbreak continues to spread in more and more cities in China questions are mounting over the country zero covid policy …
China’s capital city warns of more Covid cases and begins mass testing in the central business district
China’s capital city of Beijing announced Sunday it would begin three days of mass testing in the main Chaoyang business district after a spike in Covid cases.
Covid Outbreak in Beijing Prompts Panic Buying and Fears of a Lockdown
Supermarkets stocked up as long lines formed. The Chinese authorities ordered mass testing to contain a rising number of coronavirus cases in an affluent district of the capital.
Beijing’s Biggest District Begins COVID Mass Testing
Beijing kicked off three rounds of COVID-19 testing for all residents of its biggest district Chaoyang on Monday after dozens of cases were reported, prompting people to stock up on food over fears of …
Beijing kicks off mass testing after Covid spike
The Chinese capital Beijing has kicked off mass testing for millions of residents after a spike in Covid cases. The Chaoyang district reported 26 cases over the weekend – the highest number so far in…
Investors in the dark on China industrial transport as data curbs bite
As China’s most populous city struggles to emerge from weeks of crippling coronavirus curbs, companies can no longer see how goods are moving in and out of the key port as a result of a…
China’s yuan drops to one-year lows, extending losses
China’s yuan fell to a one-year low against a strengthening dollar early on Monday, extending losses after posting its worst week since 2015, as a worsening economic growth outlook drove investor …
China Covid Shock Sees Beijing Consider Risky Debt Option Again
China has signaled a willingness to allow local governments to increase off-balance sheet debt again after a crackdown in recent years to bring it under control.
China Lockdown Fears Rip Through Markets as Stocks, Yuan Tumble
Fears about the economic toll of China’s strict Covid Zero policy intensified Monday, as news that lockdowns were spreading to Beijing sent stocks, commodities and the yuan tumbling. Most Read from …
Tariff cut on Chinese imports expected to ease high US inflation
Lifting tariffs on certain Chinese products will help mitigate the highest inflation in four decades in the United States and put bilateral trade relations back on a normal track this year, experts …
Xi’s finance crackdown grows as more than 40 officials ensnared
President Xi Jinping’s corruption crackdown on the nation’s sprawling financial sector is accelerating, reaching the upper levels at some of China’s premier institutions and further unnerving …
