BlackRock trimmed its exposure to Chinese stocks and government bonds, and Asian fixed income more widely, to neutral from a slight overweight, citing a worsening macroeconomic outlook as well as …
Monthly Archives For May 2022
China’s imports from Russia surge to new high, defying US calls to cut ties over Ukraine war
China’s monthly imports from Russia hit a record high of US$8.89 billion in April, up 56.6 per cent from a year earlier, but exports to its northern neighbour were down last month.
Lichen China Targets $25 Million U.S. IPO
Lichen China has filed to raise $25 million in a U.S. IPO. The firm provides financial advisory services to companies in China. Read what investors should know.
China’s Trade Slows as Demand Drops and Covid-19 Lockdowns Hit Supply Chains
SINGAPORE—China’s trade with the rest of the world withered in April under pressure from Covid-19 lockdowns and sagging demand from overseas, signaling the global economy is losing steam as high …
What is China’s zero-COVID policy?
Millions of Chinese people in Shanghai, Beijing, and elsewhere are facing strict lockdowns. In Beijing, officials reinforced a work-from-home order on Monday as most subway stations and offices seemed …
2022 China International Big Data Industry Expo will be held online on May 26
PRNewswire/– On May 7, 2022 China International Big Data Industry Expo (hereinafter referred to as ‘Digital Expo’) …
Oil falls as China coronavirus lockdowns spark demand concerns
Oil prices sank 4 percent on Monday alongside equities, as continued coronavirus lockdowns in China, the top oil importer, sparked demand concerns. Brent crude fell $4.47, or 4 percent, to $107.92 a …
Sickening video reveals China’s Covid crisis as millions locked down for six weeks
A sickening new video out of locked-down Shanghai has exposed the grim reality of China’s escalating Covid-19 nightmare. The clip, which was recorded in a Chinese hospital recently, captures the …
‘Go home!’: Shanghai, Beijing residents urged to avoid social contact amid COVID-19 spread
On Monday, Shanghai reported a drop in new cases for the 10th straight day. In Beijing, residents of its worst-hit areas were told to work from home while more roads, compounds and parks were sealed…
China’s yuan hits 18-month low against the dollar as Beijing’s Covid lockdowns drag economy and US bond yields climb
China’s central bank is moving to slow the yuan’s slide … and whether the yuan stands a chance of supplanting it. Skeptics say Beijing isn’t ready to take on the responsibility of being a …
China’s central bank vows use of multiple policy tools, prioritizing stability in complex, uncertain environment
China’s central bank vowed on Monday to use multiple monetary policy tools to maintain reasonable and ample liquidity to shore up the country’s slowing economy. Monetary policy changes in the US and …
China’s central bank pledges to step up policy support for slowing economy
BEIJING (Reuters) – China’s central bank said on Monday it would step up support for the slowing economy, while closely watching domestic inflation and monitoring policy adjustments by developed …
Stock markets fall further on Fed hikes and China COVID lockdowns concerns
Investors balanced a strong U.S. jobs report against worries the Fed’s plans to bring down inflation may cause a recession.
