China’s yuan is facing renewed downward pressure, dragged lower by a surging U.S. dollar, a hawkish Federal Reserve and widening monetary policy divergence between the world’s two largest economies.
Monthly Archives For September 2022
Russia’s surging oil exports to China in August fail to keep Saudis down
China’s crude oil imports from Russia in August surged 28% from a year earlier, official data showed on Tuesday, but it handed back its top supplier ranking to Saudi Arabia for the first time in…
Zero-Covid harming 75% of European firms in China: business group
China’s “inflexible” and “inconsistent” zero-Covid policy is crippling European business operations in the country, a major business lobby said Wednesday, warning that the presence of the companies …
Zero-Covid-19 harming 75% of European firms in China: Business group
BEIJING – China’s “inflexible” and “inconsistent” zero-Covid-19 policy is crippling European business operations in the country, a major business lobby said Wednesday, warning that the presence of the …
Bhandari attending Beijing’s GSI event after foreign ministry’s bungle
Nepal has not joined the China-led GSI despite repeated calls from Beijing to support the new security initiative undertaken and announced by Chinese President Xi Jinping at the Boao Forum for Asia in …
Chinese investors are opting to invest abroad due to a downturn in China’s real estate market
A slump in the Chinese real estate market is encouraging more Chinese investors to buy property abroad, and Malaysia is on their list of potential destinations.
China leads globally in consumer electronics output, sales
China ranks first globally in the production and sales of consumer electronics thanks to the country’s improved innovation and brand building capacity, the Ministry of Industry and Information …
China’s services industry sees robust growth over past decade: report
China’s services industry made marked progress over the last decade, with industrial structure improved and new drivers emerging, official data showed on Tuesday. The added value of the services …
Activists say China’s new Silk Road equips autocrats with spy tech
China is helping dozens of nations to roll out digital surveillance systems which can be used to target protest and dissent.
China’s Central Bank Signals It Has Policy Space to Ease
China’s current interest rates are “reasonable” and provide room for future policy action, the People’s Bank of China said, adding to expectations it may resume lowering rates in coming months. Most …
U.S. Must Contain Fallout From Crypto-Zone Scheme On Nuked Pacific Island
The indictments of two Marshall Islands citizens for violations of U.S. laws on corruption, bribery, and money laundering have big implications for geopolitics and U.S.-China competition in the …
China willing to make effort for peaceful ‘reunification’ with Taiwan
China is willing to make the utmost effort to strive for a peaceful “reunification” with Taiwan, a Chinese government spokesperson said on Wednesday, following weeks of military manoeuvres and war …
European Interest in China Investments Wanes
Spending by European companies on new factories and other “greenfield” investments, long a key source of capital and technology for the Chinese economy, is falling steeply.
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