It looks like China may have finally hit an economic bottom. How should you trade this new momentum in Chinese stocks and commodities? More From InvestorPlace The #1 AI Investment Might Be This …
Monthly Archives For March 2024
Trump VP contender Noem ducks question on his China tariff plans
The South Dakota GOP governor declined to directly weigh in on Trump’s threat of steep new tariffs on Chinese goods.
Gucci sales in China fell sharply, making nearly $8 billion in market cap disappear
French investors woke up to a nasty surprise Wednesday morning. Luxury conglomerate Kering, which owns big-name fashion labels like Gucci, Saint Laurent, and Balenciaga, told them not to be surprised …
China launches satellite for mission to moon’s far side: All the best pictures
The space race continues! One week after SpaceX launched another test flight of the Starship rocket NASA plans to use on lunar missions, China launched a satellite designed to communicate with lunar …
China pushes back on international criticism of restrictive new Hong Kong law
China hit back Wednesday against international criticism of Article 23 passed in Hong Kong, dismissing concerns that it will further supress dissent and erode civil liberties in the Chinese territory.
China’s central bank leaves benchmark lending rates unchanged, as expected
China has set an economic growth target of “around 5%” for 2024, a rate that economists say is ambitious and calls for more stimulus, including monetary and fiscal easing …
China has ‘bigger fish to fry’ despite Japan upping interest rates for first time in 17 years
Japan ended eight years of negative interest rates on Tuesday, but analysts do not expect any direct impact on China, which is prioritising the stability of the yuan over rate cuts.
EU sees 200% surge in imports from China’s Xinjiang region despite human rights concerns
Trade data shows total value of shipments at US$312 million compared with just US$98 million a year prior, led by Poland, Belgium and the Netherlands Most popular goods were lithium-ion batteries, …
Guilty Verdict for Woman Accused of Laundering Bitcoin Tied to Alleged $6B China Fraud: Bloomberg
Zhimian is said to have duped around 130,000 investors in China in an investment scam that prosecutors estimated brought in almost $6 billion. Jian will be sentenced on May 10. Read More: UK Law …
UK woman Wen Jian guilty of laundering bitcoin from US$6.3 billion China fraud
Prosecutors say Wen helped hide the source of money allegedly stolen by mastermind Qian Zhimin from nearly 130,000 Chinese investors in a US$6.3 billion fraud scheme.
China Says It’s ‘Cooling Down the Situation’ in Gaza with Mideast Diplomacy
Middle Eastern countries “look to China playing a greater role in deescalating the conflict” in Gaza, one Chinese diplomat said.
China EV exports, slammed by West’s trade barriers, find greener pastures with free-trade partners
Customs data for January and February shows how anti-subsidy probes and trade restrictions are taking a toll on new-energy sector, putting EV producers at risk of being squeezed out of the market.
China’s chips are off the table – US considering Huawei sanctions over secretive chip network
This includes Qingdao Si’En, Shenzhen Pensun Technology CO., and SwaySure, among other more significant manufacturers … part of the diplomatic toolkit used by the US, Russia and China since 1945.
