An employee of the Shanghai branch of Industrial and Commercial Bank of China works at the office. [Photo/Xinhua] With its citywide lockdown, Shanghai’s financial professionals and regulators have …
Monthly Archives For May 2022
China services activity plunges to lowest since early 2020
China’s economy is reeling from a series of restrictions to … “Both the services PMI and the measure for new business dropped to the lowest since February 2020, as regional Covid outbreaks limited …
China’s services activity falls at second sharpest rate on record – Caixin PMI
BEIJING (Reuters) – China’s services sector activity contracted at the second-steepest rate on record in April, as COVID curbs halted the industry, leading to sharper reductions in new business and …
China Stocks Waver as Lockdowns Weighed Against Stimulus Vows
The overnight rally on Wall Street did little to improve sentiment in China, in a sign that the Fed’s latest rate hike and signaling of more to come this year continue to raise concerns about…
Censorship of Hollywood Blockbuster Films Intensifies in China
Hollywood companies are pre-censoring films to avoid losing access to China’s lucrative box office market, PEN America said in a 2020 report. Refusal of a Chinese order to cut a scene would risk the …
China reports 360 new COVID-19 cases, food shortage hurting Shanghai residents
Beijing [China], May 5 (ANI): China reported a total of 360 locally transmitted confirmed COVID-19 cases in the past 24 hours, of which 261 were reported solely in Shanghai, according to the National …
China Plans Policies to Rescue Growth, Support Tech Platforms
shore up exports and support technology platform companies are all on the table, state media outlets reported Thursday. The People’s Bank of China also said late Wednesday it would conduct …
OPEC+ eye modest supply boost as demand dented by China Covid rules
“The slowing activity in China is certainly a factor that will justify their decision … then this will have a huge impact on Russian oil exports,” Razaqzada said. But once again the OPEC+ alliance, …
Oil edges up on EU’s proposed Russian oil ban, but weak China data weighs
China’s services activity falls at 2nd sharpest rate on record … were effective in limiting Iran’s oil exports. However, the EU faces the task of finding alternative suppliesat a time when energy …
Interview: US trade expert urges elimination of China tariffs amid surging inflation
In reaction to the argument that reducing the China tariffs would not lead to a meaningful reduction … the administration to reduce or eliminate additional tariffs on Chinese imports before the …
China’s ‘innovation machine’: how it works, how it’s changing and why it matters
Making chips requires huge amounts of knowledge and capital investment, and while China is the world’s largest consumer of semiconductors it relies heavily on imports. However, US sanctions mean …
China’s services activity falls at second sharpest rate on record as coronavirus curbs ‘hit hard’
China’s services sector activity contracted at the second-steepest rate on record in April, as coronavirus curbs halted the industry, leading to sharper reductions in new business and employment, a …
Coronavirus Update: China sees a ray of hope on return, as Shanghai cases ease, Beijing’s steady
Chinese traders return to markets after a four-day holiday break, with some encouraging news coming out from the cities’ authorities on the coronavirus front. According to CCTV, covid cases in …
