One shadow banking employee saw his yearly pay plunge from $500,000 to $34,000. Chinese shadow banks’ are seeing their single biggest revenue stream dry up in the wake of a collapse in capital demand …
Monthly Archives For December 2022
Shenzhen Global Investment Promotion Conference held, attracted investment of 879 billion yuan
From 2019 to 2021, the Shenzhen Global Investment Promotion Conference witnessed the cumulative negotiation and signing of more than 600 projects; these have resulted in a total intended investment of …
China COVID infection fears fuel medical stock bets
Investors snapped up shares of Chinese drugmakers, mask producers, antigen test companies and funeral service providers on Monday, amid fears of soaring mass infections following China’s pivot away from strict zero-COVID policies last week.
China says it’s moving to buy oil and gas in the yuan — a move that could threaten the dollar’s global dominance in the long run
It’s not clear if the Gulf nations are taking up the proposal, but Saudi Arabia has been in talks to use the yuan to settle its energy sales to China.
China Property Stress Is Far From Over Despite Gains: In Charts
China’s property stocks are starting to enjoy the country’s reopening rally. But a closer look at the nation’s home sales data provide a reality check that the recovery will likely be a slow process.
Beijing sees sharp drop in economic activity
Beijing’s Covid-19 gloom deepened on Sunday with many shops and other businesses closed, and an expert warned of many thousands of new coronavirus cases as anger over China’s previous Covid policies …
India is trying to become the new factory of the world, but it could take more than a global pandemic to unseat China from its 40-year reign
China has managed to build up a value chain so extensive that almost everything required to make a product can be sourced and acquired in the country.
China to abolish its Covid-19 trace tracking service, the ‘Mobile Itinerary card,’ on Tuesday, officials say
China will abolish its Covid-19 trace tracking service, the “Mobile Itinerary card,” on Tuesday, officials say.
China reports 8,838 new COVID cases for Dec 11 vs 10,815 a day earlier
China reported 8,838 new COVID-19 infections for Dec. 11, of which 2,240 were symptomatic and 6,598 were asymptomatic, the National Health Commission said on Monday. That is compared with 10,815 new …
MARKETS / FINANCE
It may take until the last minute, but Greek Finance Minister Yanis Varoufakis says Greece will negotiate a deal with the EU. Labor Secretary Tom Perez is headed to California to mediate a dispute …
RPT-China’s December refined oil exports may hit record near 7 mln T
China may close the year with record shipments of key transportation fuels in December as refiners rush to use their export quotas and maximize overseas profits to compensate for tepid domestic fuel …
Bentley’s China orders slowed by shutdowns; company has no IPO plans
Volkswagen’s Bentley expects a slight drop in production in 2023 as shutdowns in China have slowed orders, the British luxury carmaker’s chief executive said on Wednesday. While its customers are …
Waning trust: China shadow banks pivot away from property to survive
Chinese developers’ debt-fuelled construction boom enriched the country’s shadow banks, who were eager to capitalise on the needs of an industry desperate for credit and too risky for traditional …
