Arthur Hayes, former CEO of crypto derivatives giant BitMEX, has outlined his belief in a recent blog post that, “When China loves crypto, the bull market will come back”.
Monthly Archives For October 2022
Wood farms out 20% of China business
Aberdeen-headquartered contractor Wood has sold 20% of its China outfit Wood China to local Chinese contractor and automation system specialist Zhejiang Supcon Technology. The farm-out is based on the …
Video: Covid patient in China lifted using crane as infection uptick continues
As China reported a third straight day of over 1,000 new Covid cases in the country which has resulted in more curbs and restrictions nationwide, authorities in China appear to have gone to great …
UBS launches digital wealth management platform in Shenzhen
UBS announced on Wednesday the official launch of its digital wealth management platform in Shenzhen, aiming to use financial technology to better serve the growing affluent population in China.
As Xi Jinping begins a third term, Australia must push to engage China on common interests
An overconfident Beijing and a Xi surrounded by yes-men poses a great risk to Pacific stability, making bilateral meetings all the more important …
China’s Property Crisis Is Fueling Record Loss in BEA Debt
China’s property debt crisis is deepening challenges for creditors. The latest is a record drop in bonds from a Hong Kong-based lender with a comparatively high rate of soured loans to the sector.
China Industrial Profits Decline Again on Covid, Property
Profits at industrial firms in China shrank in the first nine months of the year, as Covid disruptions and a property slump continued to weigh on companies’ bottom lines.
China’s smartphone shipments slumped 23% in Jan-Aug
Smartphone shipment is often seen as the bellwether of China’s consumer spending, and right now, the picture isn’t very rosy. The world’s largest market for smartphones shipped 175.1 million handsets …
‘Consumption Downgrade’: Buffets in China Enjoy a Revival
China’s pandemic control protocols, which often lead to lockdowns and business closures, have assaulted almost every sector, with indoor dining one of the most affected. And now buffet restaurants are …
Hong Thai Travel Services temporarily ceases ops of HK and Shenzhen branches
The company hopes to save costs and temporarily operate at minimal cost to reserve its strength until the full reopening of the borders.” …
China willing to work with U.S. to find ways for mutual benefit: President Xi quoted by CCTV
China’s President Xi Jinping said the country is willing to work with the United States to find ways to get along and benefit each other in the new era, state broadcaster CCTV reported on Thursday.
China’s industrial firm profits fall at faster pace in Jan-Sept
By Liangping Gao and Ryan Woo BEIJING (Reuters) -Profits at China’s industrial firms fell at a faster clip in the January-September period as COVID-19 curbs and a property crisis continued to weigh …
China smartphone shipments slid 11% in Q3, research firm says
SHANGHAI (Reuters) -Smartphone shipments in China fell 11% year-on-year in the third quarter as the country’s slowing economy took a toll on consumer demand, research firm Canalys reported on Thursday …
