Three major private Chinese property developers were asked by authorities to issue bonds this week to help boost market sentiment, two sources with direct knowledge of the matter said on Monday. HONG …
Monthly Archives For May 2022
Marketmind: COVID lockdowns may end but China is still sneezing
A look at the day ahead in markets from Sujata Rao. With swathes of China spending April under lockdown — 46 cities according to one estimate — it was inevitable that dining out, shopping, factory…
Covid-19: China’s economy skids as lockdowns hit factories, retailers
China’s retail and factory activity fell sharply in April as wide Covid-19 lockdowns confined workers and consumers to their homes and severely disrupted supply chains, casting a long shadow over the …
Reopening in doubt as China withdraws from hosting 2023 AFC Asia Cup
China has pulled out of hosting the 2023 Asian Football Confederation (AFC) Asia Cup, a possible sign the country’s strict zero-Covid policy could remain in place for some time to come.
Oil slumps as virus lockdowns across China pummel economy
China’s industrial output and consumer spending slumped in … Russian sanctions and diplomats have floated the idea of delaying a proposed ban on its oil imports after objections from Hungary.
COVID-19 | China’s economy reviving as anti-virus curbs ease
China’s sluggish economy is reviving as anti-virus curbs are eased and businesses in its commercial capital of Shanghai are allowed to reopen, a Cabinet official said on May 16, while data showed …
China’s economic activity slides as Covid lockdowns hit growth – business live
Rolling coverage of the latest economic and financial news. Introduction: China’s economic activity slides as Covid lockdowns hit growth 07:56 Good morning, and welcome to our rolling …
Covid has hit China’s economy harder than expected
China has reported disappointing economic data for the month of April, underscoring the extensive damage Covid lockdowns have wreaked on the country.
China April Property Sales Post Steepest Drop Since 2010
China’s property sales in April fell at their fastest pace in at least 12 years as COVID-19 lockdowns further cooled demand despite more policy easing steps aimed at reviving a key pillar of the world…
Stocks, oil slip as dire China data feed recession fears
Asian share markets stumbled on Monday and oil prices slid after shockingly weak data from China underlined the deep damage lockdowns are doing to the world’s second-largest economy. China’s April …
Column: China has helped drive up Asian diesel profits; it could lower them, too: Russell
China’s ongoing battles to contain COVID-19 outbreaks and the Western world’s shunning of Russian crude oil and refined products have pushed the profit of making diesel in Asia to record levels.
Why China’s luxury market is a double-edged sword for foreign brands
While Chinese consumers are far and away the biggest growth opportunity for luxury brands, the nation’s economy has become the main source of risk Not only has the pandemic prevented travel, lockdowns …
Supply woes, easing of China’s COVID curbs lift Dalian iron ore
Chinese iron ore futures rose on Monday, supported by supply concerns and shrinking portside inventories of the steelmaking ingredient, while the easing of some COVID-19 curbs in the world’s top steel …
