TikTok owner ByteDance has been meeting up with potential buyers for a sale of its gaming unit Moonton Technology two years after it acquired the Shanghai-based studio in a deal that valued it at $4…
Monthly Archives For November 2023
China central bank boosts liquidity injection via policy loan; rate unchanged
China’s central bank boosted liquidity injections but kept the interest rate unchanged when rolling over maturing medium-term policy loans on Wednesday, matching market expectations. The People’s Bank …
China’s Fiscal Revenue up in October Amid Tentative Recovery
BEIJING (Reuters) – China’s fiscal revenue grew 2.6% in October from a year earlier, after a 1.3% fall in September, marking the first monthly growth since July, according to Reuters calculations …
China nickel ore imports rose in September, but may fall in Q4
In September 2023, according to customs data, China imported 5.9656 million mt of nickel ore, up 7.9% MoM and 26.5% YoY. This aligns with SMM’s expectations, given the peak period for nickel ore …
Russia relishes divisions between China and the U.S., pouring cold water on Xi-Biden talks
Russia is attempting to make the APEC summit, and talks between Xi and Biden, look like a diplomatic and geopolitical failure.
Biden has to ‘draw the line’ with China: Sen. Marsha Blackburn
Tenn., discusses the China threat on ‘Mornings with Maria’ ahead of a high-stakes meeting between President Biden and China’s Xi Jinping in San Francisco.
Asia stocks jump as US inflation recedes, China data surprises
Asian stocks surged to two-month highs on Wednesday in anticipation of stimulus in China and an end to rate hikes in the United States, while the dollar nursed steep losses suffered in the wake of…
‘Alarmed’ By Climate Change, U.S. And China Forge New Partnership To Tackle Fossil Fuels
The world’s largest carbon emitters said they recognized “the climate crisis has increasingly affected countries around the world.”
Beijing’s top official in Hong Kong calls on financial hub to serve as strong catalyst for country’s development goals
City should aim to attract international capital to stop ‘some nations’ from severing the country’s supply chains, Zheng Yanxiong says.
People’s Bank of China injects more cash to support the weak economy, keeps rates unchanged
The People’s Bank of China ((PBoC)) pumped the largest amount of cash since 2016 into the banking system and maintained the rate on one-year policy loans at 2.5%. The PBoC launched a total of CNY …
China’s lithium carbonate imports to recover in November
In terms of imports, in October, China is expected to import approximately 12,000 mt of lithium carbonate, down 12.12% MoM but up 3.75% YoY. After significant increase in shipments from Chile (+84.48% …
Aussie brands still rule China’s downsized Single’s Day
Australian products from vitamins to infant formula are still hot sellers at the world’s biggest shopping event, which offered big discounts this year.
China and the US pledge to step up climate efforts ahead of Biden-Xi summit and UN meeting
China and the U.S. have pledged to accelerate their efforts to address climate change ahead of a major U.N. meeting on the issue.
