Shenzhen-listed Bringspring [SHE: 300290] dropped 12.8 percent to close at CNY9.13 (USD1.30). The shares have more than doubled in value in two months during rumors of close links with XFusion.
Monthly Archives For April 2024
Bloomberg Opinion: Yellen Junks Economics to Block China Clean Tech
US Treasury Secretary Janet Yellen is wrapping up her China visit by repeating her warning about overcapacity, especially in sectors including EVs and lithium batteries. Bloomberg Opinion columnist …
China’s ICBC Plans $5.5 Billion Sale of Loss-Absorbing Bonds
Industrial and Commercial Bank of China Ltd. is planning to issue as much as 40 billion yuan ($5.5 billion) of total loss-absorbing capacity (TLAC) bonds as soon as this month, people familiar with …
China’s March new yuan loans seen rebounding, more stimulus expected – Reuters poll
China’s new yuan loans are expected to rebound in March from a sharp drop in February, a Reuters poll showed, as the central bank seeks to bolster economic growth amid expectations for more stimulus …
Russia-China Trade Hamstrung by US-Fueled Bank Issues
The Moscow Times reported on Tuesday—citing Russian Central Bank data—that both exports and imports between the two neighboring markets are decreasing. The issue appears to be linked to the refusal of …
China graft watchdog probes official of state-owned supplier of defence gear
China’s anti-graft watchdog is investigating an official of a key supplier of military equipment on suspicion of violations, …
Prada, Gucci, Louis Vuitton Brace For Sales Slump As China’s Economic Turbulence Hits Luxury Market
The luxury goods industry is preparing for a substantial decline in sales, attributed to China’s subdued demand and challenging comparisons with the sales spike following the COVID-19 pandemic last …
US won’t let new economy sectors be destroyed by Chinese imports – Ministry of Finance
The United States will not tolerate the potential destruction of new sectors of the American economy by subsidized Chinese imports, such as the metallurgical sector in the U.S. a decade ago, according …
Did you know? Indianapolis had its last total solar eclipse when Genghis Khan invaded China
If you were alive and kicking during the last total solar eclipse to hit Indianapolis (congratulations on being a vampire by the way — how’s immortality treating you?), your age would be somewhere …
China Trades Barbs With US Ally Over Territorial Dispute
Beijing said Philippine government vessels were “illegally” operating in the Philippines’ own exclusive economic zone, 700 miles from Chinese shores.
Russia, China to talk about deeper security co-operation in Eurasia
By Guy Faulconbridge, Lidia Kelly and Andrew Hayley MOSCOW/BEIJING (Reuters) -Russia and China have agreed to discuss ways to deepen security co-operation across Europe and Asia to counter attempts by …
China and the US have to get off their collision course
Gaza and Ukraine are burning. The crisis that most seriously threatens the world, though, is the escalating confrontation between the United States and China. Both sides say they want peaceful …
China and Gulf states changing face of development finance in Africa
As major investors displacing the traditional Western powers, China and the GCC are precipitating a reconfiguration away from the North-South flow of development resources.
