China reported 3,036 new coronavirus cases for Aug. 16, of which 637 were symptomatic and 2,399 were asymptomatic, the National Health Commission said on Wednesday.
Monthly Archives For August 2022
China’s ‘too little, too late’ rate cut spurs call for more stimulus
SHANGHAI: China’s surprise interest-rate cut has done little to allay concern over the property and zero-Covid slowdown, with economists and state media calling for additional stimulus.
China’s financial decoupling from Wall Street accelerates
Five Chinese state-owned companies have withdrawn from the New York Stock Exchange, a sign of growing tensions between Beijing and Washington.
Spy ship: Lanka’s financial requirements & China’s promise of package shaped Colombo’s decision
China is Sri Lanka’s biggest bilateral creditor, owning over 10 percent of the island’s foreign debt. Beijing’s support is essential for Colombo to restructure its external borrowing to qualify for an …
Curb China imports, say PVC makers
Two domestic polyvinyl chloride (PVC) makers have petitioned the government seeking imposition of quantitative restrictions on imports of PVC suspension resins from China for two years, to safeguard …
China needs Taiwan’s biggest chipmaker — more than the other way around
Taiwan Semiconductor Manufacturing Company has limited revenue and manufacturing exposure to mainland China, while dominating the world’s advanced chip tech.
China’s Huarong issues profit warning on property sector woes
China Huarong Asset Management, the country’s largest distressed debt investor, has issued a profit warning on surging credit impairments and property market jitters less than a year after a $6.6bn …
First Mover Asia: Crypto Can’t Shake the Correlation Narrative; BTC, ETH Sink but Meme Coins Rise
Prices: Bitcoin and ether fall slightly, but meme coins continue to rise. Insights: Crypto is struggling with a stocks correlation narrative. Catch the latest episodes of CoinDesk TV for insightful …
Mooners and Shakers: DOGE surges on Dogechain momentum; other crypto majors flatten
After taking a brief nap yesterday, DOGE is surging again, which apparently can be attributed to its new layer 2 spinoff, Dogechain.
China Mobile Selects Comba for Large Rollout of 5G Extended Picocell
Comba Network was selected by China Mobile to contribute to the rollout of one of the largest deployments of 5G extended picocell, which involves 20,000 small cell base stations. Among more than 20 …
The trade ban that wasn’t: US allows 94% of restricted tech exports to China anyway
US Commerce Department can make all the noise it wants about limiting tech exports to China, but it is reportedly doing little to actual stem the flow of components and equipment. The Wall Street …
China Stock Investors Fixated on Covid Curbs Shrug Off Stimulus
China is ramping up efforts to revive its economy and boost market confidence. But, stock investors preoccupied with the damage inflicted by the nation’s strict Covid-Zero strategy aren’t buying …
China’s Reliance on Taiwan Would Make Trade Retaliation Costly
China’s military drills after US House Speaker Nancy Pelosi visited Taiwan sparked alarm around the region, although its trade retaliation barely made a dent — mostly because Beijing doesn’t want to …
