U.S. officials are set to relax coronavirus testing requirements on travelers from China as soon as Friday, a decision that comes amid declining covid cases in that country, according to three officials who spoke on…
Monthly Archives For March 2023
Beijing to set up new financial regulator
The new body will absorb its banking and insurance watchdog and oversee all financial sectors except the securities industry, according to a plan announced at the National People’s Congress Tuesday.
‘Requested China to roll over USD 2 billion deposits’: Pakistan tells IMF
Pakistan communicated to the IMF its plans to raise its dwindling foreign exchange reserves to USD 10 billion by the end of June.
Canada orders investigation into alleged election interference, including from China
Amid recent allegations that China attempted to meddle in Canada’s 2019 and 2021 elections, Canadian Prime Minister Justin Trudeau said he would appoint an independent investigator or rapporteur to help identify and combat foreign interference…
Nvidia, AMD grapple with latest U.S. curbs on sales to China’s Inspur
Nvidia Corp , Advanced Micro Devices Inc and other U.S. firms are scrambling to assess whether they must halt sales to units of China’s Inspur Group Ltd after its addition to a U.S. export blacklist…
Trip.com Financial Results Provide Important Insight Into China’s Reopening
President Xi gave a speech highlighting the importance of China’s private sector. Trip.com’s (TCOM US, 9961 HK) better than expected Q4 financial results and strong outlook on China’s reopening didn’t …
Shenzhen beats Beijing Ducks as Sichuan ends losing skid in CBA
The Shenzhen Aviators snatched a 94-85 win over the Beijing Ducks, while the Sichuan Blue Whales defeated the Ningbo Rockets 99-83 at home in the 2022-2023 Chinese Basketball Association (CBA) league …
Oil prices eye first loss in 6 sessions after disappointing China import data
Oil futures fell Thursday, with prices eyeing their first loss in six sessions after weaker-than-expected import data from China. Federal Reserve Chairman Jerome Powell’s testimony to the Senate …
China’s imports unexpectedly enter deeper contraction
China’s exports and imports continued to contract in the first two months of 2023. Imports have fallen despite the fact that China has lifted …
METALS-Copper and other base metals fall on weak China imports
Copper prices fell further on Tuesday, pressured by weak import data from leading metals consumer China and the potential resumption in supplies from a major mine in Peru. Three-month copper CMCU3 on …
China’s foreign trade starts on steady note in 2023
China’s foreign trade of goods edged down 0.8 percent year-on-year to 6.18 trillion yuan in the period. The imports of goods stood at 2.68 trillion yuan in the same period, down 2.9 percent from the…
US restrictions see China’s chip imports plummet 27% in first two months of 2023
According to China’s General Administration of Customs data published Tuesday (via The South China Morning Post), the country imported 67.6 billion integrated circuits (IC) in January …
China’s exports and imports slump in first two months of 2023
China on Tuesday released the two-month data on a combined basis to smooth the impact of the Lunar New Year holiday which falls at different times during the f …
