BEIJING, July 17 (Xinhua) — China’s central bank conducted 270 billion yuan (about 37.86 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Wednesday. The move aims …
Monthly Archives For July 2024
China’s June jobless rate for 16-24 year olds at 13.2%, stats bureau says
The jobless rate for 16 to 24 year olds in China, excluding college students, was at 13.2% for the month of June, the country’s statistics bureau said on Wednesday.
Shenzhen customs seizes 20.74 grams of marijuana concealed in passenger’s pants
Customs officers in Luohu Port, Shenzhen city, South China’s Guangdong Province, shared details of a recent smuggling case in which a passenger attempted to bring 20.74 grams of marijuana into the …
How China’s Economy Compares to the US’s After Latest Results
World Bank data shows the gap between the top two economies widened last year. China’s was just two-thirds the size of the U.S.’s down from 70 percent in 2022 and 76 percent in 2021.
Nike is hurting in China, but Lululemon isn’t: Analyst explains
Lululemon (LULU), and Starbucks (SBUX) are under pressure as slowing growth in China weighs on profit margins. TD Cowen managing director of retail and consumer brands John Kernan joins Catalysts to discuss how consumer weakness…
NexGen raises sub-goal P529 million from IPO
NexGen Energy Corp. led by businessman Dexter Tiu closed more than 1 percent above its IPO price during its stock market debut on Tuesday despite not raising its target amount, reflecting a …
China’s second-largest car dealer faces forced delisting as investors snub its shares
China Grand Automotive Service is set to be expelled from the Shanghai Stock Exchange after its shares traded below their par value for 20 straight days, the latest sign of cracks appearing in the …
China strives to lure foreign tourists, but it’s a hard sell for some
Guilherme Carvalho made his first visit to China this month, and the Italian said one of the main factors behind the trip was the post-pandemic policy to scrap entry permits for some tourists.
How China’s huge industrial supply chain may lead to ‘artificial sun’ via nuclear fusion
Could a recent breakthrough in nuclear fusion be the start of a new global race to dominate the ‘holy grail’ of clean energy?
US dollars exit China’s VC market, ending two-decade marriage that enabled rise of start-ups
A sea change is taking place in China’s venture capital industry as the two-decade marriage between US investors and mainland start-ups comes to an end, casting a shadow over the country’s tech …
China tycoon Guo Wengui found guilty of fraud in US
Self-exiled Chinese businessman, Guo Wengui, has been convicted by a US court of stealing hundreds of millions of dollars from online followers. He was found guilty on nine out of the 12 criminal …
Trump’s VP pick Vance points to tough China policy, analysts say
Donald Trump’s choice of populist Ohio Senator J.D. Vance as his vice presidential running mate provides more evidence of what would be a tough U.S. stance on China in a second Trump administration, …
China’s Central Bank Uses Hedge Fund Tactic to Tame Bond Bulls
China’s central bank is readying a bold new experiment in global monetary policy — taking a leaf out of the hedge fund playbook and arranging to short sell bonds.Most Read from BloombergBlackRock Says …
ADVERTISEMENT
