U.S. stocks rose at the open on Monday on hopes of a China-led recovery from an economic slump brought on by the coronavirus outbreak, with investors brushing aside a domestic surge in new cases of…
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South China Sea: US Navy Shows Off Massive Strike Power; China Says Carriers There ‘At Their Pleasure’
Both China and the U.S. are busy conducting military exercises in the South China Sea while criticizing each other for stirring up tensions in the global waterway. ( read original story …)
Bubonic plague case detected in China’s Inner Mongolia region
While China appears to have reduced coronavirus cases to near zero, other infectious threats remain, with local health authorities announcing a suspected bubonic plague case in the Inner Mongolia … ( read original story …)
Comfort woman in China dies, less than 20 remain alive, report says
A former comfort woman in China has died, leaving less than 20 survivors of Japanese wartime brothels in the country, according to Chinese state media. ( read original story …)
Why Hong Kong will remain an international financial centre, despite new security law
But Hong Kong’s success as a centre of international finance, connecting the world to mainland China, is built on several foundations. These include having a stable business environment, the free flow … ( read original…
China rebukes UK for its ‘gross interference’ over Hong Kong
China’s ambassador to London accused Britain on Monday of gross interference and making irresponsible remarks. ( read original story …)
Goldman Sachs created a new metric to measure how US-China tensions impact stocks, and said that there’s still money to be made from the conflict
There are “still-decent risk/reward for Chinese stocks unless US-China relations substantially deteriorate from here,” strategists wrote in a note. ( read original story …)
US Navy says it’s ‘not intimidated’ by China’s missiles as Beijing bristles over US aircraft carriers in South China Sea
As Chinese media boated about its “carrier killer” missiles, the US Navy responded that it is “not intimidated” by China’s arsenal. ( read original story …)
China reports bubonic plague case, raises local alert level in Inner Mongolia
Local health authorities in China’s Inner Mongolia region announced a suspected positive case of bubonic plague Sunday. Health officials in Bayannur said a farmer was sickened and hospitalized but is … ( read original story…
Chipmaker SMIC plans China’s biggest IPO in a decade
Details of the planned offers are released in a statement on Monday, July 6, on the website of the Shanghai exchange, sending the company’s Hong Kong-listed stock soaring more than 20% to a record hig…
China’s Recovery Is Here
The China PMIs are available and they show a significant burst of economic growth. The big question has always been how swift the recovery from the coronavirus would be. ( read original story …)
China’s Kingold Jewelry Allegedly Used Fake Gold to Secure Huge Loans
Lenders to the Nasdaq-listed jewelry maker reportedly have discoverd that 83 tons of gold used to borrow billions appear to be copper alloy bars. ( read original story …)
UPDATE 2-China rebukes UK for its “gross interference” over Hong Kong
China’s ambassador to London accused Britain on Monday of gross interference and making irresponsible remarks over Beijing’s imposition of new security legislation in Hong Kong that he said could … ( read original story …)
