Singles’ Day is traditionally a time when Chinese consumers splurge on everything from smartphones to frying pans Analysts expect cutthroat price wars this year as competing platforms fight for …
Monthly Archives For October 2022
Hu Jintao’s Exit Highlights ‘Ruthless’ China Leadership—Dissident Ai Weiwei
Ai also commented on how members of China’s Communist Party refused to react as Hu was forcibly removed from the room.
Elon Musk is slashing Tesla prices to whip up his sluggish sales in China’s key EV market
Suffering from sluggish demand in the competitive Chinese market, Tesla dropped the price for its entry rear-wheel-drive Model Y below a key threshold to qualify for a subsidy before incentives expire …
China Releases Third Quarter GDP Results After President Xi Jinping Secured Third Term In Power
The world’s second-largest economy grew 3.9 percent in the third quarter compared with the same time last year, a quickening from the 3.5 percent in the previous quarter.
Alibaba Stock Plummets Below IPO Price on China Politburo Rejig
Alibaba (NYSE: BABA) stock is trading sharply lower in US premarket price action today and looks set to fall below its IPO price. Other Chinese stocks are …
BOJ, BoJo, Beijing and Bond Bounce
The reports triggered a recoil in U.S. bond yields from their highest levels in over a decade, while futures pricing for a peak Fed ‘terminal rate’ of more than 5% next year fell back by…
China’s Share Of Global Economy Set To Stall- New Research
Over the last half century the Chinese economy has transformed from a beleaguered struggling emerging market into a global power house, with high growth year after year after year, sometimes …
China Stock Markets Down Following Xi Jinping’s Power Play
China’s stock market dropped on Monday after Xi Jinping was confirmed as the country’s leader for a third consecutive five-year term, breaking with the Communist Party’s traditional two-term limit. As …
Fire Sale! China’s “Warren Buffett” Races To Sell Assets
The debt crisis that roiled China’s real estate market has spread to one of the country’s largest conglomerates. Fosun, owner of an English Premier league soccer team, Portugal’s largest bank and Club …
China’s diesel fuel exports more than doubled in September
China’s diesel exports in September surged to their highest in more than a year while aviation fuel shipments were the most in 29 months as refiners rushed to cash in on robust export margins, data…
China Sept rare earth exports at 4,327.7 tonnes -customs
China’s exports of rare earths in September climbed 10.4% from the corresponding month a year ago, data from the General Administration of Customs showed on Monday.
Banning tech exports to China counterproductive: China Daily editorial
According to a Bloomberg report, the US administration is exploring the possibility of new controls that would extend its ban on exports of technology to China to encompass the fields of quantum …
China’s oil imports from Russia surge 22% as refiners step up their purchases of the cheap supplies
But the September imports of 1.83 million barrels per day are lower than in August, as worries persist about the impact of Chinese economic slowing on demand.
