Rescuers are racing to reach at least 47 people buried in a landslide in southwestern China on Monday, according to state media.
Monthly Archives For January 2024
China’s Economy Has Picked Up Traits Reminiscent Of The Great Depression.
Signs that all stimulus efforts are failing hints that China faces the crisis of confidence, the root cause of America’s Great Depression in the 1930s.
Senior Chinese and US finance officials agree to ‘continue to meet regularly’ amid discord
Senior finance officials from the world’s two largest economies pledged to continue communication and deepen engagement after two days of meetings in Beijing concluded on Friday. The third meeting of …
China’s central bank keeps benchmark lending rates unchanged in January
China’s central bank on Monday kept its loan prime rates (LPRs) for January unchanged from the previous month, with the one-year LPR at 3.45 percent and the five-year LPR at 4.20 percent. Observers …
China Market Update: Lack Of Rate Cut Leads Markets Lower
Asian equities were mixed overnight as Japan outperformed, Hong Kong and Mainland China underperformed, and India was off on holiday.
Wall Street set to extend rally amid central bank pause, after China sell off
By Nell Mackenzie and Wayne Cole LONDON/SYDNEY (Reuters) -Wall Street futures looked set to surpass last week’s peaks on Monday, while shares in Hong Kong and China tumbled ahead of a week brimming …
China’s Stock Markets Have Lost Over $6 Trillion As Economic Woes Deepen
The Chinese central bank’s decision not to cut interest Monday vexed investors hoping for a shot in the arm for the country’s slowing economy.
China’s Currency Woes to Weigh on Bitcoin: Crypto Observer
China’s benchmark equity index, the Shanghai Composite, has dropped over 7% to its lowest since March 2020, according to data from the charting platform TradingView. The People’s Bank of China (PBOC) …
China stocks pare losses as central bank holds rates; Taiwan stocks rise after elections
Taiwan stocks rise after Lai Ching-te wins presidential race, China stocks pare back losses as the People’s Bank of China leaves medium-term policy loans rate unchanged.
China’s metal export curbs not ‘retaliation, but in line with global norm:’ analysts
China’s gallium exports fell 66 percent year-on-year to $8.47 million last year, while those of germanium edged down 8.2 percent to $48.42 million, data from Chinese customs showed, a trend that …
Beijing sets higher 2024 growth target despite slowing economy
China’s capital city Beijing has set a growth target of around 5% for 2024, surpassing last year’s target of 4.5%, despite expectations of slower growth for the national economy.
Landslide in China buries 47 people in freezing temperatures and snow. Two survivors are found
BEIJING (AP) — A landslide in southwestern China’s mountainous Yunnan province early on Monday buried 47 people, killing at least two, and forced the evacuation of 200 more amid freezing temperatures …
Landslide buries dozens in southwest China in freezing winter temperatures
Rescuers are racing to reach at least 47 people buried in a landslide in southwestern China on Monday, according to state media.
