Chinese shoppers are likely poised to hit the streets again during the country’s reopening, a positive tailwind for certain retail stocks, according to Wells Fargo. “With the Lunar New Year kicking …
Monthly Archives For January 2023
Beijing says one thing and does another
Upon his return to the country from a three-day state visit to China where he met with Chinese President Xi Jinping, President Marcos Jr. gleefully reported the good news: Beijing had agreed to allow …
China’s One Billion COVID Infections Explained
In a social media post on the eve of the Lunar New Year on Saturday, Wu Zunyou, chief epidemiologist at the Chinese Center for Disease Control and Prevention, said the first nationwide wave had swept…
In China’s Crackdown on Protesters, a Familiar Effort to Blame Foreign Powers
The protests against “zero Covid” were a rare rebuke of Xi Jinping’s rule, and Beijing apparently seeks to deter those who might have been emboldened by them.
China Development Bank ups loan support for water conservancy projects
BEIJING – China Development Bank, one of the country’s policy banks, issued 186.4 billion yuan ($27.53 billion) of loans in 2022 to shore up the country’s development in water conservancy. The loans …
China’s property slump is easing, but the relief will be short-lived
For almost two years China’s leaders cracked down on borrowing to build and bet on property, plunging the market into a crisis. Now that the economy has been weakened by the failures of the …
China debt: is the bubble about to burst, and what is driving the crisis among local governments?
The outlook for Chinese local government debt in 2023 is gloomy, triggering concerns over rising default risks Beijing has stepped up supervision of off-balance-sheet borrowing and is promoting fiscal …
ASML Expects to Continue Business with China Despite US Pressure
ASML expects to continue business as before with China even though the US pressurizes the Dutch govt. to increase sanctions on semi-conductor exports. Europe’s largest semiconductor equipment …
Rep. Comer vows to probe Hunter Biden’s art sales, dealer’s China connections: ‘It is deeply concerning’
Ky., chairman of the House Committee on Oversight and Accountability, vowed Wednesday to “get to the bottom” of Hunter Biden’s art sales.
Conflux Token Spikes 60% as Blockchain Integrates China’s Version of Instagram
Conflux, the native token of the layer-1 Conflux blockchain, soared by 60.25% on Thursday after it announced that it had integrated Little Red Book, China’s version of Instagram. The token, which hit …
China could shut down our military in a minute if we don’t fix the looming rare earths supply crisis
In 2010, China precipated a low-intensity conflict with Japan and the West by stopping the export of rare earth elements. Alarm bells rang across the White House, the Pentagon, and corporate America.
China’s net gold imports via Hong Kong more than double in December
FILE PHOTO: A salesperson poses with gold jewellery at jeweller Chow Tai Fook’s retail store in Shanghai, China August 18, 2021. Picture taken August 18, 2021. REUTERS/Aly Song LONDON (Reuters) -Oil …
China starts taxing crypto investors and Bitcoin miners 20%
China has had a complicated relationship with crypto, and some local authorities have started to impose a hefty income tax on it.
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