A global grain and oilseed analyst says the U.S. soybean export window to China, the world’s top soybean importer, might narrow at a quicker pace this marketing year. Brazil remains competitive on the …
Monthly Archives For October 2023
UPDATE 3-China hog futures, shares plunge on oversupply, sluggish demand
(Adds Chia Tai withdrawing IPO application in paragraphs 10-11) BEIJING, Oct 9 (Reuters) – China’s most-active hog futures closed down 4% on Monday, the biggest decline in six weeks, as excess supply …
Banking mogul breaks silence to defend against allegations of Chinese interference
Once lauded as a Canadian immigrant success story, Shenglin Xian, the 68-year-old founder of Wealth One Bank, now can’t even get approved … orchestrated campaign by the Chinese government to get …
China struggling to wean itself off US dollar assets despite financial de-risking calls
China is still the second-largest foreign investor in US Treasuries despite seeing its holdings fall to a 14-year-low of US$821.8 billion in July.
YouTuber Imports a $4,000 Inflatable Yacht From China and it Does Not Go as Planned
In a moment of misguided enthusiasm, a TikToker with an adventurous spirit had an ambitious idea: purchasing an inflatable yacht for a mere $4,000. Imagining days filled with sun-soaked parties and …
HSBC buys Citigroup’s $3.6bn China consumer wealth business
HSBC has agreed to buy Citigroup’s consumer wealth business in China as it pushes ahead with its focus on Asian markets.Citi has offloaded the unit for an und …
Top 9 Chinese motor vehicles and parts manufacturers
Thirty-four motor vehicles and parts manufacturers were listed on the Fortune Global 500 this year, with the top 3 as Volkswagen, Toyota and Stellantis. Among the 34, nine are from China with BYD …
Beijing is coming for the metaverse
The proposals, drafted by the state-owned telecoms operator China Mobile, floated a “Digital Identity System” for all users of online virtual worlds, or metaverses. They recommended that the digital …
Belt and road: China’s strategic shift bodes ill for developing nations
The third Belt and Road Forum is set for a different atmosphere to the one in 2019 amid changing priorities and a darker global context Developing nations are likely to bear the brunt as China…
US lawmakers want China export bans to include open tech like RISC-V
ASIA IN BRIEF Three members of the US Congress have expressed concerns that the nation’s export controls regime are ineffective because they allow free sharing of open technology with China.… …
A limited export window to China expected again
A global grain and oilseed analyst says the U.S. soybean export window to China, the world’s top soybean importer, might narrow at a quicker pace this marketing year. Brazil remains competitive on the …
Citi Sells Off China Consumer Unit as It Simplifies Its Business
Key Takeaways Citigroup agreed to sell its China unit to HSBC Bank China as it sheds assets to simplify operations.The agreement includes all of Citi’s clients, assets under management, and deposits.The move is part of…
Golden Week Holiday Puts A Dim Shine On China’s Recovery Prospects
China’s national Golden Week Holiday at the start of October provided a bit of a boost to spending but fell short of government expectations. Stocks were subdued in China and Hong Kong Monday …
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