China’s yuan weakened against the U.S. dollar on Wednesday as investor concerns about slowing growth in the world’s second-largest economy outweighed a softer greenback, as the country continues to …
Monthly Archives For May 2022
China’s biggest hedge funds and insurers trim equity holdings in sign that market has not yet hit bottom
Hedge funds’ allocation to equities fell to 74.3 per cent from 79.5 per cent in March, while insurers’ stock holdings accounted for 12.1 per cent of total assets in the first quarter The benchmark …
After splashy opening, Whittle School faces financial struggles
The debut campus in China, known there as Huitong School … He said he has sought to keep them informed about financial realities, opting for a policy of transparency in a bid to secure as…
China Pledges Greater Credit Support to Stabilize Economy
Chinese authorities have pledged to increase credit issuance and enhance financial support for key businesses and fields. Strengthened financial support will be given for micro, small and medium-sized …
Ukraine war: China on alert as sugar shortage signals new front in global food crisis
Several nations have moved to limit sugar exports since the war in Ukraine started, fearful about food security as global agricultural prices rise As countries move to restrict supply, China’s …
Treasurer keen to see sanctions on exports lifted
The federal Treasurer Jim Chalmers says China needs to demonstrate it wants a better diplomatic relationship by dropping trade sanctions. The Chinese Premier has written to Anthony Albanese …
China’s Didi faces rocky path to growth after winning U.S. delisting nod
Didi Global may have ensured its survival after winning shareholders’ nod for a U.S. stock delisting but a quick return to growth won’t be easy for the Chinese ride-hailer as it still faces regulatory …
Airbnb decides to close down its domestic business in China
Now Airbnb Inc. has decided to close its domestic business in the country. According to media reports, the company will stop listing homes in the country by this summer. The company was already facing …
China’s lockdowns reportedly trigger Airbnb’s closing of listings there
Airbnb will shut down its listings in China after two years of lockdowns in the country “with no end in sight,” according to a source familiar with the matter.
Airbnb is shutting its business in China for sluggish tourism due to lockdowns
Airbnb, the San Francisco, California-based company that operates an online marketplace for lodging, primarily homestays for vacation rentals and tourism activities, announced it would end its …
China’s COVID curbs cut soyoil demand, crimp soybean appetite
BEIJING, May 25 (Reuters) – Plunging demand for soyoil in China is expected to cut consumption of the oilseed in the world’s biggest user as lockdowns to prevent the spread of COVID have shuttered …
Beijing says U.S.-backed Asia plan seeks to ‘decouple’ countries from China
China’s foreign ministry said on Wednesday a U.S.-backed economic plan for Asia seeks to decouple countries from the Chinese economy, but many countries are worried about the “huge cost” of doing so.
China is pursuing a Pacific-wide pact with 10 island nations on security, policing and data – report
Federated States of Micronesia wants deal rejected because it could spark new cold war between China and west while Penny Wong admits ‘we’ve got a lot of work to do’ …
