Market players took a significant net short position on U.S. wheat contracts in late 2023, exacerbating downward price trends. The recent uptick in Chinese purchases may signal a reversal, potentially alleviating downward pressure on wheat…
Monthly Archives For December 2023
China pulls punches to keep more expensive EVs flowing to Europe
China has arrived at a point where it needs to start selling more vehicles outside of its border, one analyst says. Despite trade threats from the EU, China is already challenging Japan for the global…
IPO-Bound Octillion Energy Offers Lesson In Single-Customer Overreliance
Octillion Energy’s revenue plunged 54% and it swung into the red in the first half of this year after its biggest customer sharply cut back its orders The EV battery systems supplier is trying to…
New COVID-19 variant JN.1 spikes ahead of holidays
A troubling new COVID subvariant is on the rise just in time for the holidays, officials have warned. The JN.1 subvariant – when stems of the omicron variant that surged in early 2022 – is…
China unveils drillship for harvesting ‘flammable ice’
China announced its latest drilling vessel … measuring 36,200 feet or 11,034 meters. The ship will use smart technology like the digital twin system to monitor drilling operations. Soon, the country …
Xi straight-up told Biden that China is going to take over Taiwan, report says. It could end in war.
The Chinese leader Biden told China’s ambitions to control Taiwan were unchanged at a meeting meant to reduce tensions.
China Is Critical to the Stock Market in 2024: What to Watch
China’s economy, the second largest in the world, is critical to watch entering 2024. The People’s Bank of China (PBoC) is expected to soon announce a GDP growth target for 2024, with speculation …
Photo Reveals China’s New Amphibious Assault Ship for D-Day-Style Invasion
China’s fourth Type 075 landing helicopter dock adds to Beijing’s naval capabilities as tensions rise in the South China Sea.
Expect more turbulence for US and China in 2024
After a year that brought panic over spy balloons, a fight over semiconductors and an intensifying military rivalry, China and the U.S. are ending the year with an uneasy detente. This follows a November meeting…
Hywin Undermined In The Shadows Of China’s Real Estate Slump
Hywin said it was dealing with “redemption issues” over some asset-backed products it distributed, sparking a massive selloff of its shares.
China’s exposure to US bonds falls further
Wang Qing, chief macroeconomy analyst at Golden Credit Rating, said that China’s shrinking exposure to US bonds has been a long-term trend since the holdings peaked at the end of 2013.
Ping An Bank: China’s Private Banking Leader
Ping An Bank (Ping An) has emerged as China’s private banking industry leader, continuously upgrading customer-centric product offerings, relationship management, and team capabilities to meet growing …
China’s central bank activates emergency response for earthquake relief
BEIJING, Dec. 20 (Xinhua) — The People’s Bank of China, the country’s central bank, has called for relevant departments and branches to activate their emergency response measures to ensure financial …
