The largest crypto in market value hovers above $24.4K as investors mull Silvergate’s troubles but also likely encouraging economic data from China. ALSO: CoinDesk columnist David Z. Morris considered …
Monthly Archives For March 2023
Morning Bid: China sets out economic, political, military vision
Before that however, investors have a deluge of headlines from China this weekend to digest. The annual session of the National People’s Congress, and reports from the finance ministry and state …
China Premier Li Keqiang bows out as Xi loyalists take reins
After a decade in Chinese President Xi Jinping’s shadow, Li Keqiang is taking his final bow as the country’s premier, marking a shift away from the skilled technocrats who have helped steer the …
China’s Big Telcos go from ‘value destroyers’ to world beaters as Beijing’s grand tech plan triggers rare stock re-rating
China Mobile, China Telecom and China Unicom are fetching a premium over benchmark index’s average valuation amid Beijing’s tech drive Stock gains this year in Shanghai and Hong Kong have outpaced …
Here’s What You Need to Know After Day One of China’s NPC
China’s National People’s Congress kicked off its annual gathering in Beijing on Sunday, with a speech from outgoing Premier Li Keqiang outlining key economic targets for the year. Most Read from Bloo …
China GDP growth target at lowest for decades
China has set a lower-than-expected annual growth target of about 5 per cent as Beijing seeks to stabilise the world’s second biggest economy and recover from a …
China unveils £185bn defence budget as it ‘prepares for war’
China will increase its defence budget by 7.2 per cent to 1.55 trillion yuan (£185 billion) this year, with a senior Communist Party figure saying the country …
China to ramp up military spending by 7.2%, eclipsing rate of economic growth
China is planning to surge its defense budget by 7.2%, a higher rate of expansion than its “around 5%” economic growth objective for 2023.
China’s ‘two sessions’: US$24 billion to be spent on coronavirus control despite end of zero Covid policy
China tackles Covid-19 as a Category B disease, budget tabled at NPC says First Covid-related funding revealed since the pandemic hit comes after several local governments reported huge zero-Covid …
Your Monday Briefing: China’s Post-Covid Economic Goal
China’s new economic goal. After a winter of discontent, China promised a postpandemic recovery and said it aimed to expand growth by about 5 percent this year. The announcement
Turner says China aiding Russia in war would be ‘inexhaustible source of weapons’
Rep. Mike Turner (R-Ohio) said on Sunday that that there would be an “inexhaustible source of weapons” if China started to aid Russia in its invasion of Ukraine. “The problem with China entering this is…
‘I can’t get my money out’: Billionaire investor Mark Mobius says China is restricting flows of capital out of the country
The previous executive chairman of Templeton Emerging Markets Group said he’s been able to get his money “in and out” of the financial center. Mobius’s warning came days before China’s President Xi …
China’s economy has kicked off the year of the rabbit with a worthy bounce
Nathaniel Taplin, “China’s Post-Covid Bounce Has Arrived,” Wall Street Journal, March 1, 2023. Silvergate Capital, one of the crypto market’s top banks, said that recent events leave it at risk of …
