A report claimed that Foxconn founder Terry Gou pushed China to move away from its zero-Covid policy and loosen restrictions. Wall Street Journal reported that Terry Gou apparently warned Beijing that …
Monthly Archives For December 2022
Markets optimistic as China eases Covid rules, but experts warn of danger ahead
Amid signs that supply chain woes are improving, economists remain uncertain that China is ready to live with Covid
China Putting U.S. Space Assets at Risk, Senior U.S. Officer Says
TAIPEI (Reuters) – China is building capabilities that put most U.S. space assets at risk, and China sees the domain as crucial to their military strategy, the head of the U.S. Space Command said on…
New Zealand’s Ardern Hopes to Lead Trade Mission to China Once Border Controls Allow
WELLINGTON (Reuters) – New Zealand Prime Minister Jacinda Ardern said on Friday she hoped to lead a trade mission to China once border settings are changed to allow travel to her country’s biggest trading partner…
China’s November producer prices fall for second month
China’s factory-gate prices showed an annual fall for a second month in November while consumer inflation slowed, indicating weak economic activity and soft demand.
China’s growth to steadily pick up as COVID-19 response optimized: premier
China’s economic growth will steadily pick up as ten new measures for further improving its COVID-19 response are put into practice, Chinese Premier Li Keqiang said on Thursday. Li’s comment came during his meeting with…
China’s yuan could get a boost as Covid measures ease, says BK Asset Management
The onshore and offshore Chinese yuan is expected to strengthen even further than current levels, according to BK Asset Management.
World Bank chief urges China to take ‘active leadership’ on debt
World Bank President David Malpass on Thursday told senior Chinese government officials that Beijing needs to do more to ease the debt burdens on developing economies, the development lender said.The …
China’s Balance of Payments Data Does Not Add Up
China’s balance of payments data doesn’t quite make sense right now. Significant, and poorly explained, gaps have developed between the reported numbers in the balance of payments and the underlying …
‘Honest grandma’, 92, repays US$3 million in debt in 10 years after refusing to declare bankruptcy wins ‘most beautiful’ citizen award in China
A factory owner who found herself in financial difficulty is celebrated in China for her commitment to repaying her debts Despite advice to declare bankruptcy after her business failed, she insisted …
China’s COVID easing seen knocking growth early next year
China’s shift from tough COVID policies, with its promise of driving an economic recovery next year, will instead likely depress growth over the next few months as infections surge, bringing a rebound …
Temasek-backed crypto shop Amber halts expansion plans in rocky market
Amber Group has raised just half of a planned $100mn funding round and halted expansion plans as the Temasek-backed crypto group fights concerns that it will be pulled into the market turmoil sparked …
China Inflation Climbs 1.6% On Year In November
Consumer prices in China were up 1.6 percent on year in November, the National Bureau of Statistics said on Friday. That was in line …
