A swathe of poor economic data in China is putting pressure on the price of iron ore, which is struggling to hold above the key psychological level of $100 a metric ton.
Monthly Archives For August 2023
Heeding Beijing’s call, law firms tone down China risks in IPO applications
Law firms in China are scrambling to comply with Beijing’s new guidance to tone down the language used to describe China-related business risks in companies’ offshore listing documents, five people familiar with the matter said.
China Mulls Cutting Stamp Duty to Revive Slumping Stock Market
Chinese authorities are considering cutting the stamp duty on stock trades for the first time since 2008, people familiar with the matter said, in what would be a major attempt to revive confidence in …
China Slashes Rates, Suspends Youth Jobless Data as Economy Signals Sharper Downturn
SINGAPORE—Chinese officials said they would stop reporting the country’s youth unemployment rate after months of spiraling increases, depriving investors, economists and businesses of another key data …
China’s Central Bank Unexpectedly Slashes Rates To Bolster Struggling Economy
Unlike some other global central banks, China has loosened its monetary policy to boost a stalling recovery while others tighten their grip to fight high inflation. This decision has further widened …
China suspends youth jobless data after record high readings
China suspended publication of its youth jobless data on Tuesday, saying it needed to review the methodology behind the closely watched benchmark, which has hit record highs in one of many warning …
Shenzhen MOCAUP to Host Ding Yi: Cross Galaxy
The Shenzhen Museum of Contemporary Art and Urban Planning (“SZ MOCAUP”) announces the presentation of an exhibition, titled “Ding Yi: …
China Lodges Complaint Over Kishida’s Ritual Offering to Yasukuni Shrine
BEIJING (Reuters) – China has made stern representations to Japan over Prime Minister Fumio Kishida sending a ritual offering to the controversial Yasukuni shrine in Tokyo, the Chinese foreign ministry said on Tuesday.
China’s Yuan Hits a 2023 Low After Central Bank Cuts Key Rates
The China postpandemic boom that the world was waiting for looks to be off the cards. The country’s central bank lowered two key lending rates on Tuesday, surprising the mark
China’s July oil refinery runs rise to meet domestic, export demand
China’s oil refinery throughput in July rose 17.4 per cent from a year earlier, data showed on Tuesday, as refiners kept output elevated to meet demand for domestic summer travel and to cash in on…
China cuts key rates as weak batch of July data darkens economic outlook
A broad array of Chinese data on Tuesday highlighted intensifying pressure on the economy from multiple fronts, prompting Beijing to cut key policy rates to shore up activity but analysts say more support is needed…
Beijing sees progress in building eco-conservation areas
Since 2012, Beijing has launched two major afforestation campaigns, each covering 1 million mu (66,667 hectares). To enhance biodiversity in these new forests, local forestry and park authorities …
China halts youth jobless data as economy falters
In June, China’s jobless rate for 16 to 24 year olds in urban areas hit a record high of more than 20%. The country’s central bank also cut the cost of borrowing on Tuesday in…
