Emerging U.S. businesses in the energy transition supply chain such as hydrogen and wind power should act fast to avoid being dominated by China, a senior State Department official said on Tuesday. Geoffrey Pyatt,
Monthly Archives For October 2023
China’s Economic Miracle Faces a Property Market Test
In the vast labyrinth of China’s property market, a Goliath is trembling. Country Garden Holdings Co., the country’s largest property developer, is caught in a severe funding crisis, an ordeal that …
China’s property crisis: stimulus measures unlikely to prop up beleaguered home sales in the long run, Moody’s warns
The positive impact of mainland China’s property stimulus measures is likely to be short-lived, with home sales remaining sluggish for at least the next six months, according to the credit ratings …
Bitcoin’s sudden and sharp rally just cost crypto bears $178 million in 24 hours
The world’s largest crypto by market capitalization had surged more than 12 … Bitcoin has climbed 28% in October, and is up more than 107% in 2023. China’s quiet campaign to win over Middle Eastern…
American companies will have to learn how to compete against Chinese manufacturers
If U.S. policy continues to call for the end of dependency with China, it is going to be hard for American companies to come afloat amid competition, said Walter Isaacson, Steve Jobs and Elon Musk…
Co-Founder of Paradigm, a Top Crypto Investor, Steps Down as Managing Partner to Focus on Science
Fred Ehrsam, co-founder of large crypto investment firm Paradigm, has stepped down as managing partner at the company and will act as a general partner going forward, he announced in a Tuesday post on …
Bitcoin could reach $48,000 by year-end, technical analyst says. Is crypto spring arriving?
Bitcoin is likely to rally further and reach up to $48,000 by the end of the year, based on technical analysis, one analyst says.
China signs agreements to buy billions of dollars’ worth of US agricultural goods
Midland, Bunge and Cargill were among the companies that signed 11 purchasing agreements, the U.S. Soybean Export Council said.
Influential Porsche designer says Chinese electric car manufacturers have one crucial advantage
In a recent interview with Bloomberg, Porsche chief designer Michael Mauer said that Chinese car companies have an advantage because the strict guidelines that more-established brands use to protect …
China Announces Unprecedented $137bn Sovereign Bond Issuance to Bolster Economy
In an unprecedented move, China has announced a sovereign bond issuance of 1 trillion yuan ($137 billion), a clear testament to the nation’s determination to stimulate its economy and aid recovery in …
China’s cross-border trips, visa issuances soar in strong post-pandemic rebound
China issued more than twice as many visas in the third quarter compared to the same period last year, data shows.
Beijing will offer fresh stimulus through a rare budget adjustment and increased sovereign debt
Beijing is set to issue $137 billion in sovereign bonds, while it’s 2024 budget deficit could be increased, sources told Reuters.
China signals more support for struggling local governments
The central government formalized a process for local governments to borrow for the year ahead — starting in the preceding fourth quarter, state media said.
