China’s financial regulators on Monday vowed to take action after China’s yuan fell to a 16-year low against the US dollar last week.
Monthly Archives For September 2023
US Cosmetics Giant Estée Lauder Invests in Chinese Beauty Brand Codemint
Codemint is owned by Hangzhou Jianfa Meixue Technology, founded by internet celebrity Grace Chow, according to corporate information platform Tianyancha. Chow holds a direct stake in Jianfa Meixue of …
China Is a Challenge Not a Foe, Says British Trade Minister
LONDON (Reuters) – China should not be described as a foe, but as a “challenge”, British business and trade minister Kemi Badenoch said on Monday, amid concerns over possible Chinese interference in …
Lingering rains from typhoon batter China for seventh day
BEIJING (Reuters) -Residual rains from former typhoon Haikui, now a tropical storm, drenched southern China for the seventh day as slow-moving storm clouds drifted from Guangdong on the coast to …
Former CEO of China’s Alibaba quits cloud business in surprise move during its leadership reshuffle
The former CEO of Alibaba has resigned as head of its cloud computing business in a surprise move as the Chinese e-commerce empire wraps up a leadership reshuffle.
China says to curb ‘disruption’ in currency market
China’s central bank said on Monday it would crack down on speculation that distorts the value of the yuan as the country’s currency sees persistent volatility.The bank added that “although the …
China accuses UK of ‘slander’ over arrest of parliamentary researcher on suspicion of spying
Response comes after Westminster researcher with links to senior Conservatives and potential access to sensitive information was arrested …
US, Vietnam warn against ‘threat or use of force’ in South China Sea
The United States and Vietnam warned on Monday against the “threat or use of force” in the disputed South China Sea, days after the latest clash involving Chinese vessels.China deploys hundreds of …
Marketmind: China’s Weak Property Stocks Set the Pace
Country Garden, China’s biggest private developer, added to pressure on the sector at the centre of the country’s economic woes as it faces a new round of voting by creditors – the third this month…
China’s Economic Dilemma, Apple’s China Woes, US Economy Surges And Inflation Fears: Top Economy News This Week
He further pointed out that China’s economic struggles are deepened by its hesitation to provide financial assistance to its citizens and businesses. Read the full article here. Devaluation of Yuan: A …
China’s Aug new bank loans jump more than expected, credit growth quickens
New bank lending in China beat expectations by nearly quadrupling in August from July’s level, as the central bank sought to shore up economic growth amid soft demand at home and abroad.Chinese banks …
Franklin Templeton CEO says China pessimism is overhyped
U.S. Commerce Secretary Gina Raimondo noted during her China visit in August that U.S. companies have … Yantoultra graduated with an MBA in Finance from Universiti Putra Malaysia in 2010.
China GDP: annual forecasts cut to below Beijing’s target due to weak exports, property crisis
China has officially forecast growth of ‘around 5 per cent’ this year, but with exports having fallen in each of the last four months and with an ongoing crisis in the property market, financial …
