The country’s exports rose 0.5% in November, beating expectations and ending a six-month decline stemming from weaker global appetite for Chinese goods.
Monthly Archives For December 2023
China’s exports grow for first time in 6 months, imports unexpectedly shrink
China’s exports grew for the first time in six months in November, customs data showed on Thursday, suggesting the manufacturing sector may be beginning to benefit from an uptick in global trade flows …
EU leaders in China for summit with high stakes but low expectations
European leaders will meet their Chinese counterparts in Beijing on Thursday for talks dominated by divisions between the bloc and its largest economic partner over everything from trade to the war …
China’s big property market problem will take at least 4 to 6 years to resolve
China has a big problem within real estate that will take years to resolve, according to analysis from Oxford Economics’ Louise Loo.
Signa insolvency is credit negative for some banks, Moody’s says
The credit rating agency Moody’s said that the insolvency of the European property and retail giant Signa is a drag on the credit quality and profitability at some Austrian, German and Swiss banks. Controlled by…
Moody’s changes Hong Kong’s outlook to negative from stable
Moody’s on Wednesday downgraded its outlook on Hong Kong to negative from stable, a day after cutting China’s credit outlook citing costs to bail out local governments and state firms or to control its property…
Nvidia is developing new chips for China to comply with US export curbs
Nvidia is working closely with the U.S. government to ensure new chips for the Chinese market are compliant with export curbs, CEO Jensen Huang said on Wednesday.
Bull run on D-St may unleash an IPO flood with 15 issues lined up for next 2 months
Sources also told Moneycontrol that the coming two weeks are likely to see a flood of public issues with a target to raise Rs 10,000-12,000 crore.
China’s high-yield property bonds hand investors a 22% loss in 2023 as developer defaults continue
China’s US dollar-denominated high-yield bonds, dominated by property debt, have landed investors a 22 per cent loss so far this year, after a 33 per cent slump in each of the past two years, according…
Moody’s cuts Hong Kong, Macau and bank rating outlooks following China move
Moody’s put Hong Kong, Macau and swathes of China’s state-owned firms and banks on downgrade warnings. Read more at straitstimes.com.
China’s push to internationalize the yuan and reduce dependence on the US dollar is working, economist says
The yuan has seen a boost in the share of global payments using the currency this year, which could be a sign of momentum in the dedollarization trend.
European leaders are in Beijing with a list of concerns. Will China’s Xi listen?
Its official comments ahead of the summit have also suggested Beijing hopes the meeting can help the two sides to revamp their ties with a “blueprint” for the future – a sentiment that fits with…
In Beijing, the EU-China summit promises to be difficult
The meeting between the two powers in the Chinese capital on December 7 and 8 is unlikely to ease their mutual grievances, writes Frédéric Lemaître, Beijing correspondent for ‘Le Monde.’ Chinese …
