China’s government bonds extended a rally and bank shares advanced, after the nation asked commercial lenders to cap some deposit rates in a push to support a bumpy economic recovery. Most Read from …
Monthly Archives For May 2023
China’s deflation worries deepen as consumer prices grow only 0.1% in April
Deflationary pressure in China is worsening as consumer prices increased at the slowest pace in two years, suggesting weakness in domestic demand and a long road ahead to full economic recovery.
Global companies warn of slower-than-expected recovery in China
Last week, Estée Lauder (EL) suffered its biggest daily stock drop on record after slashing its sales outlook, citing pressures in China and elsewhere in Asia. Starbucks (SBUX) and Qualcomm (QCOM) …
Why the US delayed China sanctions after shooting down a spy balloon
When an alleged Chinese spy balloon traversed the United States in February, some U.S. officials were confident the incursion would galvanize the U.S. bureaucracy to push forward a slate of actions to …
The G7 struggles to find unity over China’s economic bullying
This month’s summit will show the rich democracies’ club displays a range of attitudes about how to tackle coercion …
China’s slow consumer inflation, deepening factory gate deflation to test policy
China’s consumer prices rose at the slowest pace in more than two years in April, while factory gate deflation deepened, data showed on Thursday, suggesting more stimulus may be needed to boost a …
Factbox-China’s Oil, Commodities Import From Russia
China has dramatically increased use of the yuan to buy Russian commodities over the past year, with nearly all of its purchases of oil, coal and some metals now settled in the Chinese currency …
China pours cold water on bilateral meeting with US defence secretary
The Shangri-La Dialogue, which is run by the International Institute for Strategic Studies think-tank, frequently serves as a venue for US and Chinese defence officials to meet. Austin last year had a …
Vast China-Russia resources trade shifts to yuan from dollars in Ukraine fallout
China has dramatically increased use of the yuan to buy Russian commodities over the past year, with nearly all of its purchases of oil, coal and some metals from its neighbour now settled in the…
China to fully resume quick customs clearance at ports
China will fully resume the quick customs clearance at ports starting from Monday in a bid to facilitate the exchange of Chinese and foreign travelers and promote the opening-up to the world.
Don Farrell says ‘de-escalation’ will benefit exporters ahead of trade talks in Beijing
We want everything back to the way it was’, says Don Farrell but cautions that problems won’t be fixed overnight …
Analysis: Vast China-Russia resources trade shifts to yuan from dollars in Ukraine fallout
China has dramatically increased use of the yuan to buy Russian commodities over the past year, with nearly all of its purchases of oil, coal and some metals from its neighbour now settled in the…
Australia exports first copper to China since 2020, industry hopes end to ban near
Australia exported roughly $40 million worth of copper ore and concentrate to China early this year, Australian customs data shows, a sign of industry hope that trade in the red metal will resume as diplomatic…
