Steel price takes the bids to extend previous day’s gains towards monthly top. China’s steel exports dropped in June, signs of further output reduction persist. DXY renews multi-day low as “technical …
Monthly Archives For July 2022
Crypto platform Zipmex files for bankruptcy protection in Singapore
Singapore-based Zipmex said it was working to address its exposure of $53mln to crypto lenders Babel Finance and Celsius …
Biden-Xi make plans to meet in person, U.S. official says — and China’s leader has strong words on Taiwan
U.S. President Joe Biden and Chinese President Xi Jinping ended a call Thursday with plans to arrange an in-person meeting, a senior U.S. official said.
Jack Ma escapes Beijing’s crosshairs by giving up his power
Jack Ma is taking a weeks-long tour in Europe after largely disappearing from public view for almost two years, adding to signs that China’s government is easing pressure on the entrepreneur as he …
China’s ‘common prosperity’ drive slashes pay and perks for investment bankers
HONG KONG, July 29 – China’s well-heeled financial dealmakers are getting a crash course in austerity with pay cuts and perks reined in, as their state-owned employ …
China Will Step up Efforts to Stabilise Foreign Trade in H2 – Commerce Ministry
China will strengthen efforts to stabilise foreign trade in the second half of the year, the commerce ministry said on Friday. The country’s foreign trade faces “high risks, difficulties and many …
Bay Area software developer loses $1.3M in cash and retirement in popular crypto scam
Federal investigators say the scam known as [i]pig butchering[/i] is specifically targeting Asian-Americans in the Bay Area, according to the I-Team’s original report.
No business as usual with China
European stakeholders must prepare for many more challenges ahead to make economic interdependence with Beijing safer.
China’s politburo serves investors a nothingburger
The first rule of growth target is you don’t talk about growth target. At Thursday’s meeting of the political bureau of the Chinese Communist Party’s Central Committee, officials re-committed to plan …
Jack Ma gives up power, escapes Beijing’s crosshairs
Jack Ma is taking a weeks-long tour in Europe after largely disappearing from public view for almost two years, adding to signs that China’s government is easing pressure on the entrepreneur as he …
Excess Cash Piles Up in China Havens Instead of Flowing Into Real Economy
China’s top leadership is committing to ample liquidity as the nation contends with a slowdown. So far, a lot of that cash is sitting in the financial system instead of being transmitted to the real…
China’s Politburo Signals No Big Stimulus Despite Slowdown
China’s top leadership gave a downbeat assessment of economic growth but didn’t announce new stimulus policies at a key meeting, calling on officials to ensure that housing projects are completed …
Can the West dismantle China’s pan-Asian railway dream?
Fast train plans are a concern for Western nations worried about China’s growing influence in the region. There is something awfully permanent about a train line once it’s in.
