Estée Lauder cut its full-year sales and profit forecasts earlier this year, citing Covid-19 lockdowns in China as a major factor in disrupting supply chains. The company said its distribution …
Monthly Archives For August 2022
China’s GDP growth forecasts slashed as coronavirus, a property sector slump and heatwaves erode economic recovery
Global investment banks Standard Chartered, Goldman Sachs and Nomura have all cut their 2022 economic growth forecasts for China New coronavirus outbreaks and downward pressure on the real estate …
Taiwan’s Missiles Can Threaten Beijing But The Island’s Fire Power Is No Match For China
Taiwanese leaders have not been shy of highlighting what the island’s missiles can do, but they aren’t enough to alter the real military balance in the Taiwan Strait.
China regulator to push ahead with reforms in smaller banks to tackle risks
China’s banking sector regulator will push ahead with reforms in the country’s small-and-medium-sized lenders to defuse financial risks, it said on Thursday, at a time when the world’s second-largest …
China’s longest heatwave brings costlier eggs and more economic woes
China is enduring the longest and most severe heatwave in six decades that has left residents parched, industries without power and also threatens to hurt the country’s critical autumn harvest, adding …
China Is Ramping Up Swiss Gold Imports, Signaling Better Demand
China’s gold imports from the major refining hub of Switzerland jumped to the highest in more than five years, signaling demand improved as the Asian nation relaxed strict Covid measures.
China surrounds Taiwan with FIFTY fighter jets and nuke bombers in war games as US brands Beijing ‘gorilla in the room’
CHINA has surrounded Taiwan with a fleet of over 50 warplanes, including nuclear bombers, in menacing wargames by island. As Beijing steps up pressure on Taiwan, a senior US Navy admiral has said …
US and Taiwan agree to hold trade talks within weeks amid heightened tensions with Beijing, in move China ‘firmly opposes’
The US Government has announced it will begin formal bilateral trade negotiations with Taiwan as early as next month in a move that is likely to further heighten tensions with China.
China called the US a ‘bully’ after an official said China ‘overreacted’ to Pelosi’s Taiwan visit
“It is clear that the US is trying to defend the indefensible by applying a gangster logic,” a spokesman for the Chinese Foreign Ministry said.
Chinese mining giant Canaan doubles profits despite the blanket crypto ban
Chinese crypto miner supplier Canaan appears to have no issues with the local crypto ban as its overall performance has continued to grow in Q2 2022 despite the bear market.
U.S. announces trade talks with Taiwan and China immediately shows its wrath
Beijing warned Washington not to encourage Taiwan to try to make its de facto independence from China permanent, a step Beijing says would lead to war.
China’s factories are shutting down again—but not because of covid
Mere months after widespread covid lockdowns in Shanghai disrupted supply chains and forced manufacturers to halt operations, China is again seeing an uptick in factory shutdowns.
Yangtze tributary runs dry as China faces another month of drought
Residents living near a tributary of the Yangtze river in the southwestern region of Chongqing clambered along the dry riverbed on Thursday amid an unprecedented drought across the region that could …
