China will make security measures in Xinjiang a regular fixture while requiring Islamic practices to conform to Chinese sensibilities, President Xi Jinping said on Friday during a visit to the …
Monthly Archives For July 2022
Beijing’s Assurances On Mortgage Protests Fail To Convince Investors
Shares in Chinese property developers extended losses, even after the banking watchdog vowed to strengthen coordination with other regulators to “guarantee the delivery of homes” and at least 10 banks …
Bank customers protested in Henan, China. Who attacked them?
Research on “contractors for hire” explains the extraordinary attempt to disperse angry crowds who wanted local banks to return their deposits.
China central bank keeps medium-term policy rate unchanged for a sixth month
China’s central bank stood pat on its medium-term policy rate for a sixth straight month on Friday, as expected, with investors believing that the bank intends to gradually normalise monetary policy …
FTSE 100 Live: China GDP reveals Covid impact, more US bank earnings
China’s Covid lockdowns slowed the country’s GDP growth to 0.4% in the second quarter, weaker-than-expected figures revealed today. Asian markets were mixed on the back of the China updates, while …
China Close to Forming State-Owned Group to Control Iron-Ore Imports
Chinalco boss to lead the company as part of Beijing’s plan to secure resources for China’s growth.
China’s economy shrinks on zero-COVID policy; GDP plunges to 0.4 per cent in Q2
It is the lowest growth rate since China’s economy shrank by 6.8 per cent in the first quarter of 2020 after the coronavirus, which first surfaced in Wuhan and later spread to the world. But…
China’s Second-Quarter GDP Growth Plunges To Less Than 1% On Covid Hit
In a Friday research note, the analysts said headwinds remained strong. A global economic slowdown could hit China’s export sector, and zero-Covid policy will largely be in place for the rest of the …
On U.S.-China Trade War, Biden Should Declare Victory, End Tariffs
President Biden should declare victory and enlist China in bigger, more difficult issues— though don’t expect him to ask the man who started the trade war he has continued, former President Donald …
After crypto winter, regulators prepare for action
At opposite ends, China has banned all crypto activities and appears unlikely to reverse that course, while El Salvador last year made bitcoin legal tender. “Policymakers face the difficult task of …
Burberry sales slump as Beijing’s zero-Covid policy hits luxury brands – live updates
It’s not just China’s economy feeling the impact of zero-Covid – Burberry is also a victim. The luxury fashion brand said sales slumped 35pc in China in the first quarter due to ongoing Covid …
Burberry sales dip 35%, dented by China Covid-19 lockdowns
Burberry has posted just a 1% rise in store sales across the group for the three months until the beginning of July.
China’s economy hits slowest pace since COVID began
STORY: China’s economy contracted sharply from April to June as … as Beijing pursues its tactics to fight COVID-19 amid fresh flare-ups. Friday’s numbers surpassed expectations for a more modest 1.5 …
