It was only a year ago that Beijing and Moscow touted a new world order, but things appear to be unraveling fast for their economies. Exports, manufacturing activity and property prices are sliding in …
Monthly Archives For August 2023
China’s Oil Imports From Iran Set To Hit Decade-High In August
China is expected to import as much as 1.5 million barrels per day (bpd) of crude oil from Iran in August, the highest since 2013, per estimates from data intelligence firm Kpler cited by Bloomberg.
China Stocks Slump as Economic Gloom Spreads
Since then, China has released a string of worrying economic data. Prices consumers and business pay are falling, raising the threat of deflation. Retail sales and industrial production in July missed economists’ expectations, and investment…
China’s car companies are turning into tech companies
China has already won the race to electrify its vehicles. Now it’s pushing ahead and adding more features and services to attract new customers.
Americans back tariffs, military prep against China -Reuters/Ipsos poll
Bipartisan majorities of Americans favor more tariffs on Chinese goods and believe that the United States needs to step up preparations for military threats from the country, according to a new Reuters/Ipsos survey.
China’s economic woes keep getting worse. Here’s why
China has seen a series of disappointing economic data this year. UBS’ Tao Wang explains what went wrong with the anticipated recovery after China’s tough COVID restrictions, and what could come next.
A key Chinese shadow bank has missed payments on dozens of investments, and it shows just how bad things are in the world’s second-largest economy
Wang Qiang, the company’s chief compliance officer, told investors earlier this week that the company — a part of China’s shadow banking sector — had missed payments on at least 30 products, Bloomberg reported Wednesday,…
China’s export container shipping price index down in July
The average China Containerized Freight Index (CCFI) stood at 869.89 last month, down 5.3 percent from June, according to the shipping exchange.
Boeing Appoints New President for China Market Amid Strained China-U.S. Relationship
By Bingyan Wang Boeing named a new president for its China business on Wednesday, appointing Chinese-born Alvin Liu, amid a strained bilateral
Denmark calls on China to ‘speak up’ to Russia over Ukraine
Danish Foreign Minister Lars Lokke Rasmussen said on Wednesday that he plans to ask China to take a stronger position on Ukraine and to speak to Russian President Vladimir Putin about the war. “We …
China’s surprising deflation export: A closer look at Cathie Wood’s insight
Cathie Wood is a star stock-picker and founder of the $60-billion (assets) ARK Invest, which invests in innovations like self-driving cars and genomics …
Why China’s $2.9 Trillion Trust Industry Is Sparking Fears of Contagion
Xie died of a heart attack in 2021, just as Covid-19 and pandemic lockdowns slowed China’s economy and increased volatility in its capital markets. Today it manages about 1 trillion yuan ($138 billion …
Country Garden undone by promise to bring 5-star life to China’s hinterland: Analysis
China’s financially beleaguered property developer Country Garden promised “five-star living” to the masses in less popular, smaller cities but focusing on those areas has come back to haunt it. China …
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