China’s central bank said on Thursday it would keep liquidity reasonably ample and keep its policy “precise and forceful” to support the country’s economic recovery, amid rising headwinds. Data for …
Monthly Archives For August 2023
Hong Kong’s crypto stance: Execs weigh in on Web3 in the region
Matthew Cheung from HKVAX believes that the Hong Kong’s licensing framework solves the banking issues faced by crypto projects in the region.
China’s capital market gains optimization since launch of across-the-board registration-based IPO system
VCG. Since the onset of across-the-board registration-based IPO system half a year ago, China’s capital market has gained continuous optimization in terms of re …
China’s rising Covid cases and new variant spark concerns about ‘third wave’
The country’s coronavirus infections rebound, mirroring global trend, while immunity-evading EG.5 variant gains dominance Despite a surge in cases, the new strain does not appear to bring increase in …
China’s economic model is ‘washed up on the beach,’ says veteran investor David Roche
David Roche, president and global strategist at Independent Strategy, told CNBC’s “Squawk Box Europe” on Thursday that global stock markets were failing to price in a long-term decline in the role …
Column: China makes rare draw on crude oil inventories as imports slip
LAUNCESTON, Australia, Aug 17 (Reuters) – China made a rare draw on crude oil inventories in July as imports softened and refinery processing remained elevated to meet rising domestic demand and a …
Exclusive-US imports of auto parts face scrutiny under law on Chinese forced labor
Electric-vehicle batteries and other car parts are the latest products under scrutiny as part of Washington’s effort to stamp out U.S. links to forced labor in Chinese supply chains, according to a …
China Demands US Lift Steel, Aluminum Tariffs After WTO Ruling — Commodities Roundup
Brent crude oil is up 0.9% at $84.18 a barrel. — European benchmark gas is 1.4% higher at EUR38.33 a megawatt hour. — Gold futures …
China’s $3T Shadow Banking Exacerbates Contagion Risk
China’s economy is a hybrid blend between officially sanctioned state capitalism and a grey economy. This has been evident for years in the crypto market, wherein China still produces the …
China makes it harder for its Muslim citizens to go to Mecca, or anywhere else
NPR is not using their names or naming their village to protect them from official scrutiny after returning to China. This year, as global travel has picked up in the aftermath of the coronavirus …
Chinese real estate may be the world economy’s ‘single most important sector,’ says Fitch. But don’t expect Beijing to save it from its crisis
If Beijing is forced to step in to save the economy, that might push Fitch Ratings to consider a downgrade, given a debt-to-GDP ratio that’s “a little bit on the high side.” …
Top China official urges more secrecy in the country’s energy sector
A lead China official has called for tighter secrecy in the energy sector to protect national interests. “It is necessary to increase propaganda around ensuring confidentiality, give full play to the …
Chinese banks should keep a ‘proper level’ of profit margins -central bank
Chinese commercial banks need to maintain a proper level of profit and net interest margins to ensure sustainability in supporting the real economy, China’s central bank said in a monetary policy …
