India’s consumer technology stocks are on a tear this year, handsomely beating their larger rivals in China and widening the divergence between two of the world’s largest equity markets.
Monthly Archives For June 2023
China’s state banks seen selling dollars offshore to slow yuan drop – sources
China’s major state-owned banks were seen selling dollars in the offshore spot foreign exchange market on Tuesday, four sources with knowledge of the matter said, suggesting authorities’ wanted to …
China Extends Fight Against Weak Yuan as Drops Unsettle PBOC
China took a further step to slow the slide in the yuan, setting its daily reference rate for the managed currency at a stronger-than-expected level for a second day. The People’s Bank of China …
China on course to achieve 5% economic growth target in 2023: premier
China is on course to achieve its five percent target for economic growth in 2023 set by Beijing earlier this year, premier Li Qiang said Tuesday. “For the whole year, we are expected to achieve…
China bans ‘negative’ finance writers as stock market sinks
The move is likely to increase concern among foreign investors about access to independent information. Read more at straitstimes.com.
China’s growth to be higher in Q2, projected to hit annual 5% target – Premier Li
China’s economic growth in the second quarter will be higher than the first and was projected to reach the annual economic growth target of around 5%, China’s Premier Li Qiang told delegates at the …
China should allow cross-border data sharing, financial lobby group says
China should allow cross-border sharing of information by financial firms operating in the country, a leading financial lobby group said, as authorities tighten control of data generated within its borders in a national security drive.
Explainer: The China-U.S. military chill: do they talk at all?
Amid intensifying military deployments across East Asia, high-level defence dialogue between China and the United States remains frozen. U.S. Secretary of State Antony Blinken did not secure any progress on the issue during his visit…
This 56-year-old has taken China’s college entrance exam for 27 years – with no luck
Liang Shi, 56, has by many measures led a successful life. He worked in various different industries, eventually opened his own business, got married and had a son.
China Owns 300,000 Acres Of Land In The US. Here’s Where
Chinese companies and individuals own farmland across America. But lawmakers in Washington are pushing to block any purchases that could be connected to the Chinese Communist Party.
PBOC Has Little Incentive to Intervene as Chinese Yuan Slides Due to Wide China-US Interest Rate Spread, Analysts Say
The People’s Bank of China has not moved to halt the recent weakening of the Chinese yuan against the US dollar. The big spread in China-US interest rates is one of the main reasons behind…
Asia lobby group pushes for easing of China’s offshore listing rules
China’s new offshore listing rules for domestic companies have left bankers and lawyers who work on listings unsure how to take on liabilities and how to avoid breaching tightened confidentially rules,
3 major companies trying to move supply chains out of China, and how they’re faring in their attempts to move away from the factory of the world
Apple, chip giant TSMC, and Japanese automaker Mazda are three companies shifting their supply chains to hedge against overreliance on China.
