China’s central bank made the biggest weekly liquidity injection on a net basis through short-term bond instruments in more than 32 months, to counteract higher cash demand at the quarter-end. The …
Monthly Archives For September 2022
China relaxes FX regulations in response to Fed rate rise – FT
Officials from the State Administration of Foreign Exchange (SAFE) privately communicated a relaxation of the informal limits on transaction in China’s interbank market to foreign exchange brokers on …
China’s tax and fee cuts, deferrals help stabilize macroeconomy
BEIJING – China’s combined tax and fee support policies have helped ease the burden on market entities and stabilize the macroeconomy, official data showed on Thursday. The country’s tax refunds, as …
Putin’s lessons for a confrontation with China
Most important among those lessons has to do with asymmetric warfare. Despite a smaller, less powerful military, Ukraine is winning. It has capitalized on its strengths, including superior morale, …
Why this Blizzard vet thinks the next killer web3 game will come from China
This year, around 3.2 billion people — or about 40% of the world’s population — will play games, with total spending nearing $200 billion, estimates industry researcher Newzoo. The purveyors of web3 …
Former Tibet official latest to fall in China graft sweep
A former vice governor of China’s sprawling Tibet region has been indicted on charges of accepting bribes, state media reported Friday. Zhang Yongze is the latest high-level former official to be …
China’s EV star and Tesla rival BYD unveils Europe expansion
BYD, the Shenzhen-based rival to Elon Musk’s Tesla, has unveiled plans to take on the European car market, as the electric carmaker embarks on an aggressive global expansion despite coming under …
China loosens FX restrictions in response to Fed rate rise
But two people familiar with the matter said SAFE officials privately communicated an easing of the informal limits on transactions in China’s interbank market to foreign exchange brokers on Wednesday …
Review: U.S.-China tech fight leaves global losers
No product has played such an outsized role in shaping the global economy and the balance of military power as semiconductors. Yet for years the $556 billion industry attracted scant attention from …
US makes Pacific Islands pledge in bid to counter China
“The security of America, quite frankly, and the world depends on your security, and the security of the Pacific Islands,” said US President Joe Biden during the two-day meeting – …
China factory activity struggles on Covid-19 curbs, property woes
BEIJING – China’s factory activity continued to struggle in September, while services slowed, as the country’s economic recovery was challenged by lockdowns in major cities and an ongoing property …
China’s Services Sector Activity Slows in Sept – Official PMI
A reading above the 50-point mark indicates expansion in activity while a reading below indicates contraction. China’s official composite PMI, which includes both manufacturing and services activity, …
China loosened FX restrictions in response to Fed rate rise
But two people familiar with the matter said SAFE officials privately communicated a relaxation of the informal limits on transactions in China’s interbank market to foreign exchange brokers on …
