Sunshine Insurance could become China’s 10th listed insurer with its new Hong Kong IPO application, but has warned its profit could drop this year on falling investment returns …
Monthly Archives For November 2022
Global Markets: Stocks and oil rally as China hints at COVID respite
Global stocks rose on Friday for the first time in three days ahead of key US jobs data, as investors took heart from reports China may relax its COVID rules, boosting major currencies against the…
Germany ain’t decoupling from China anytime soon
This week’s biggest geopolitical business event is Germany to China. As the Biden administration imposes new export controls on semiconductor technology to China and Republicans suggest that, upon …
Coronavirus: mainland China set to approve BioNTech vaccine for foreign residents
“I talked to the premier and the president about working more closely together. This would mean allowing BioNTech for expatriates in China and approving it within China. This would only be a first …
First Russia, now China? Europe doesn’t appear ready to ‘decouple’ from Beijing just yet
German Chancellor Olaf Scholz was the first leader of a Group of 7 nations to visit China since the start of the pandemic.
Iron-Ore Prices Buckle as China Property-Market Slump Drags On
Iron-ore prices have slumped to a three-year low as China’s sharp homebuilding slowdown and zero-Covid strategy sap demand for the steelmaking commodity.
China tells local officials to take stock of their idle, underused state assets to alleviate economic pains
Fresh guidelines are intended to help improve the financial conditions of local-level governments across China Whether it has the intended effect remains to be seen, but analysts say the directive …
China’s Xi says country will continue to open up, share opportunities
China will continue to open up and cooperate with all countries to share opportunities, President Xi Jinping said on Friday at the opening ceremony of the China International Import Expo (CIIE) in …
Xi Vows to Expand Quality Imports, Build Strong Domestic Market
Chinese President Xi Jinping said the nation will expand imports of “high-quality products” and help other countries share the opportunities in its domestic market.
China to create new opportunities for the world with its own development: Xi
President Xi Jinping said Friday China will amplify the interplay between domestic and international markets and resources, strive to create new opportunities for the world with its own development, …
What Cramer is watching Friday — Starbucks soars on China hope, jobs growth still strong
October jobs growth: 261,000 versus 205,000 expected. Strong labor market except for Silicon Valley, where we’re seeing hirings freezes ( Qualcomm and Amazon) and layoffs (fintech Stripe and planned …
Scholz’s China visit secures BioNTech/Pfizer vaccine access for expats
People in China will soon be offered the BioNTech/Pfizer COVID-19 vaccine — but only if they are not Chinese. German Chancellor Olaf Scholz announced the deal today during a visit to China accompanied …
Ukraine War ‘Warmup’ for U.S. in Face of China Threat: Stratcom Commander
Navy Admiral Charles A. Richard said the U.S.’ deterrence against China was a “slowly sinking” ship that needed drastic changes to prepare for future conflicts.
