State media say the powerful earthquake that set off landslides and shook buildings in southwestern China killed at least 65 people and injured hundreds …
Monthly Archives For September 2022
Asian markets mixed after China promises economic support
Asian stock markets were mixed Tuesday after China promised to speed up the rollout of policy changes to boost anemic economic growth. Shanghai gained while Hong Kong declined. Tokyo and South Korea …
Live news updates: China’s central bank sets renminbi midpoint at weakest level in 2 years
China’s central bank fixed its reference rate for the renminbi at its weakest level in two years on Tuesday as the currency depreciates against a buoyant dollar. The People’s Bank of China set the …
China’s Lockdown Hits City of 6 Million; Chengdu Still Shut
China sealed off parts of Guiyang, capital of the mountainous southern Guizhou province, as an increase in virus cases triggered a stringent response in line with the country’s Covid Zero strategy.
China Is Taking More Visible Measures to Slow Currency’s Descent
China set a stronger-than-expected exchange-rate fixing for a 10th straight day and said it will allow banks to hold less foreign currencies in reserve, its most substantial moves yet to stabilize a …
An Earthquake in Southwest China Has Left 46 Dead and Triggered Landslides
The quake struck a mountainous area in Luding county shortly after noon, the China Earthquake Networks Center said. Sichuan, which sits on the edge of the Tibetan Plateau where tectonic plates meet, …
Financial institutions bullish on China market
BEIJING－In the early 1990s, Principal Financial Group, a US global financial investment management and insurance company, set up its representative office in Beijing, together with many other …
Earthquake in southwest China leaves 46 dead, triggers landslides
At least 46 people were reported killed and 16 missing in a 6.8 magnitude earthquake that shook China’s southwestern province of Sichuan.
Taiwan offers condolences over China quake, ready to send rescuers
Taiwan’s government expressed its condolences to China on Tuesday for an earthquake in Sichuan province and said it was ready to send rescuers, in a sign of goodwill to Beijing despite weeks of …
China central bank to cut FX reserve ratio to help limit yuan weakness
China’s central bank said on Monday it will cut the amount of foreign exchange reserves that financial institutions must hold, a move seen as aimed at slowing the yuan’s …
US Chip-Export Ban Throws Wrench Into China AI Works
The development of China’s artificial intelligence sector is expected to be slowed in the coming few years by the United States’ new ban on expor …
With $2 bn IPO in sight, this Chinese EV battery firm is a giant in making
CALB makes battery cells, modules and packs for electric vehicles and industrial-scale energy systems – both in high demand …
China-focused hedge funds lower exposure as risks mount
Some of Asia’s large China-focused hedge funds are buying more non-China stocks as regulatory scrutiny, policy uncertainties and a slowing mainland economy force them to cut exposure to offshore …
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