“As external demand falls due to an impending recession in the West, China’s economy must rely more heavily on the consumer,” said KraneShares.
Monthly Archives For January 2023
After China+1, global corporations now mull over ‘Minus China’
Global manufacturers are considering plans to completely withdraw from China as issues related to Covid, labour and geopolitical tensions make the “world’s factory” less and less attractive. If India …
China’s top vehicle manufacturer orders seven car carriers
SAIC Anji, the fast growing logistics subsidiary of China’s giant car manufacturer SAIC, has confirmed its latest round of fleet expansion, signing for a total of seven 8,900 ceu car carriers on home …
Critical care capacity during the omicron wave of the COVID-19 pandemic in China: far from enough
The omicron wave of the COVID-19 pandemic has put enormous pressure on China and has caused dynamic zero-case policy changes.1 As of November 30, 2022, there were 37,347 confirmed cases in 31 …
COVID-19 Live Updates: China May See Over 36,000 Deaths Daily This Month, Experts Predict Future of COVID
According to a recent study by the data analytics company Airfinity, China may see nearly a staggering 36,000 deaths a day during the Lunar New Year holidays.
Richemont sales slow due to tough comparisons, China COVID-19 disruptions
The Swiss luxury-goods group, owner of jewelers Cartier and Van Cleef & Arpels, made sales of 5.40 billion euros ($5.83 billion) in the three months to Dec. 31, …
China Driving Dollar More Than Fed Hikes, BofA Strategists Say
While much of the focus in currency markets right now is how the prospect of slowing Federal Reserve rate hikes has helped fuel dollar weakness, the biggest factor may be across the world in China.
China’s economy will continue to struggle, says wealth management firm
Michael Yoshikami of Destination Wealth Management says the country still has “some real fundamental problems” in addition to Covid-19.
China’s Covid-19 deaths expected to hit 36,000 a day during holiday
China will likely experience “one longer, more severe Covid wave”, rather than repeat peaks and valleys, according to forecast. Read more at straitstimes.com.
China covid crisis: China asked to take some of our vaccines as booster, says Adar Poonawalla
China reported nearly 60,000 deaths related to the Covid-19 outbreak since early December, which saw overcrowded hospitals and packed crematoriums.
Beijing’s new tech control strategy
Goldman Sachs’ profits plunged by two-thirds last quarter while Morgan Stanley reported a 40 per cent year-on-year drop in net income, and companies are facing a record number of shareholder proposals …
China fixed-asset investment approvals almost doubled in 2022 to $218 billion
China’s state planner approved 1.48 trillion yuan ($218.35 billion) worth of fixed asset investment projects in 2022, nearly double the value from the previous year, as authorities geared up to …
US-China officials to meet on economy, aim to ease tension
U.S. Treasury Secretary Janet Yellen sits down with her Chinese counterpart Wednesday in the highest-ranking contact between the two countries since their presidents agreed to look for ways to improve …
