Following downbeat economic data and a surprise rate cut from China, gold dropped as the dollar climbed on Monday. Before, the key metal had seen four consecutive weeks of gains before losing as much …
Monthly Archives For August 2022
U.S. lawmakers visit to Taiwan’s parliament causes outrage in Beijing
A delegation of U.S. Congress members visited Taiwan’s parliament on Monday in a further sign of support among American lawmakers for the self-governing island. The five-member delegation led by Sen.
Is TikTok Gathering Data for Beijing? It’s a Fair Question
On August 3, the UK Parliament had second thoughts about its six-day-old TikTok account, shutting it down after Conservative members of Parliament (MPs) — including three who have been sanctioned by …
China expert warns US on ‘edge of war,’ says Biden not ‘preparing Americans for what is coming’
Gatestone Institute senior fellow Gordon Chang warned of the threat China poses to the West as the threat of an invasion of Taiwan increases.
Elon Musk writes for China’s sensors and welcomes more ’like-minded Chinese partners’
Elon Musk has told China’s tech industry censors that he would “welcome more like-minded Chinese partners” in an article written for an official journal.The billionaire also said Chinese companies …
COVID-19 gain-of-function research too dangerous for Fauci to work with China
Covid-19 gain-of-function research can’t be trusted to totalitarian governments like China. We need stronger government oversight on such dangerous projects.
China Disappoints And Surprises With Rate Cut
With a set of disappointing data, China surprised with a 10-bp reduction in the benchmark one-year lending facility rate. Read more.
3 ways China’s access to TikTok data is a security risk
The security community weighs in on real-world scenarios in which China or other nations could operationalize data collected by online platforms and how to mitigate the risk.
Shanghai’s Yangpu district deploys drones to detect violations of Covid-19 rules, leading to complaints
An announcement on the local government’s WeChat account last week fanned online fury about the use of drones for monitoring local businesses and communities Local governments across China have used …
Beijing reports 4 new COVID-19 infections
Beijing reported four new local COVID-19 infections in the first 15 hours of Monday a local health official told a press briefing …
China’s Economy Slows Unexpectedly as Covid and Property Woes Mount
China’s economic recovery slowed even further than expected in July, as Covid restrictions and a crumbling property market compound additional woes. Nearly all key economic indicators fell short of …
China’s housing market troubles need a ‘holistic solution’ from financial regulators, says HSBC
Jing Liu, chief China economist at HSBC, discusses the outlook for China’s property sector and the impact that the country’s zero-Covid policy has had on the economy.
China gets surprise rate cut as growth sputters
STORY: China’s central bank is bucking the global trend for rate hikes. Instead, Monday (August 15) saw it cut key lending rates. The People’s Bank of China took action after new data showed economic …
