The yuan breached 6.9 per US dollar for the first since August 2020 on Monday, after hawkish comments by the Federal Reserve But the yuan’s depreciation is mild compared to other major currencies in …
Monthly Archives For August 2022
Crypto companies lay off thousands of workers as coin prices tank
Even before the crypto market crash, Huobi reported a sharp drop in revenue caused by China’s decision to ban crypto trading last year. As a result of the cost-cutting measures, the company laid off …
Economic Watch: China ratchets up financial support for infrastructure projects
China is channeling more financial support to infrastructure construction amid national efforts to catalyze domestic demand and sustain economic recovery. A fresh move came as a State Council …
South African government encourages enterprises to attend China International Import Expo: official
South African companies would take part in the China International Import Expo (CIIE) 2022 where they expect positive benefits, and the government would help them do so, said a South African …
Tech war: China’s attacks on US Chips Act continue, although Beijing has few countermeasures, analysts say
State-backed trade groups have joined the chorus of Chinese state media and government voices in condemning the US Chips and Science Act for ‘semiconductor hegemony’ and ‘poisonous’ clauses.
Your Wednesday Briefing: China Plans the Communist Party’s 20th Congress
China’s Communist Party congress takes shape. China announced that the Communist Party’s 20th congress would be held Oct. 16. The meeting — a pivotal event in …
First Solar’s Investment Thanks To Inflation Reduction Act. Can China Derail It?
America’s leading domestic solar company, First Solar of Ohio, makes billion dollar bet on US solar. China won’t be out-spent on this one.
Tsai Ing-wen says Taiwan won’t provoke Beijing, but ‘countermeasures’ possible
Taipei’s leader says she has ordered the defence ministry to take ‘necessary and strong’ steps to defend the island’s airspace.
Don’t bank on China PMIs lifting the gloom
A look at the day ahead in Asian markets from Jamie McGeever As tightening financial conditions continue to choke investor sentiment and slam global stock markets, good old-fashioned PMI data from …
Chinese companies listed on U.S. exchanges must finally open their books
The agreement avoids immediate delisting of Chinese firms, but enforcement of the law to protect investors and national security won’t be easy …
China’s highlights economy-boosting infrastructure push with mega US$10 billion canal project
The 135km-long Pinglu Canal in the Guangxi Zhuang autonomous region will cost 72.73 billion yuan (US$10.5 billion), and is part of China’s renewed effort to use infrastructure to aid the economy.
Calb Seeks Nod for $2 Billion Hong Kong IPO This Week, Sources Say
Calb Co., a Chinese battery supplier for electric vehicle makers, is planning to seek Hong Kong stock exchange approval for its initial public offering in the city as soon as this week, according to …
Ukraine Lawmaker Questions Kyiv’s Strategic Partnership With Beijing
Oleksandr Merezhko writes that China can’t be ‘simultaneously our strategic partner’ while it is so closely aligned with Russia, ‘it makes no sense’ …
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