Report on possible sanctions on Chinese banks draws sharp rebuttal from Foreign Ministry, as US Secretary of State Antony Blinken heads for talks with Chinese leaders.
Monthly Archives For April 2024
Gucci Sales Drop 18% In Q1 Amid China’s Slowdown And Demand For ‘Quiet Luxury’
Luxury conglomerate Kering reported a 10% decline in first-quarter sales as Gucci, its flagship brand, grapples with China woes and brand redirection.
Chinese bubble-tea maker Chabaidao sinks 27% on Hong Kong debut as investors offload shares in biggest IPO of the year
Chabaidao’s stock ended the day 27 per cent lower after slumping as much as 38 per cent. It raised about HK$2.6 billion (US$331.7 million) from the sale of 147.8 million shares at HK$17.50 each.
China’s ‘extreme’ national security focus a drag on business, US trade group says
A US business lobby has issued a report asking for clear guidelines on what activity is acceptable under China’s new security laws, as well as other suggestions for improving investor confidence.
The Pentagon is ‘not really’ worried about China’s new H-20 stealth bomber, defense official says
Another US military official previously shrugged off China’s fifth-gen J-20 fighter jet as “anything to lose a lot of sleep over.”
China’s central bank hints it may add treasury bond trades to policy toolkit
A senior Chinese central bank official suggested on Tuesday that the bank’s buying and selling of treasury bonds in the secondary market could be used for liquidity management and as a monetary policy tool.
China’s $656 Billion Offshore Bond Market Put to Test
The Beijing case could help clarify the level of protection that keepwells — with a vague legal structure — provide to creditors. About $77 billion of Chinese offshore bonds outstanding, or almost 12% of total,…
Chinese Exports to Russia Plummet for First Time Since War Began
U.S. secondary sanctions pose “the most serious challenge” to Russia’s trade relationship with China, an analyst said.
China is still years behind the U.S. despite Huawei’s breakthrough chips, Raimondo tells ’60 Minutes’
Commerce Secretary Gina Raimondo downplayed China-based Huawei Technologies’ latest microchip breakthrough, arguing that the U.S. remains years ahead.
Xiaomi’s SU7 orders reach 70,000, EV business to stay focused on China
China’s Xiaomi has secured locked-in orders for more than 70,000 of its SU7 electric cars as of Saturday and the company intends to keep its automotive business “100% focused” on the Chinese market for the…
Gold prices have another 29% upside as China’s central bank continues its buying spree, famed economist says
China has purchased about 181 tonnes of gold over the past year, and is now the sixth-largest holder of gold reserves.
China’s economy is finally showing bright spots. Worrying signs remain.
China’s economy has been struggling for so long — since the pandemic ended — that signs of a turnaround are viewed with as much suspicion as hope. In December 2022, China finally lifted the draconian…
Explainer: What is China doing to promote stable, healthy growth of its property market?
As great changes have taken place in the supply and demand of China’s real estate market, the country is taking a people-oriented approach to transforming its property market, working to meet the …
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