Rolling coverage of the latest economic and financial news …
BUSINESS
American Lawyer Quarantined For 37 Days In China Describes “Chaotic” Environment
American lawyer James Zimmerman, a partner at Perkins Coie in Beijing, has worked in China for 24 years, and thought he was well enough to return in March after having heart surgery in San Diego…
China’s capital city warns of more Covid cases and begins mass testing in the central business district
China’s capital city of Beijing announced Sunday it would begin three days of mass testing in the main Chaoyang business district after a spike in Covid cases.
Tariff cut on Chinese imports expected to ease high US inflation
Lifting tariffs on certain Chinese products will help mitigate the highest inflation in four decades in the United States and put bilateral trade relations back on a normal track this year, experts …
Xi’s finance crackdown grows as more than 40 officials ensnared
President Xi Jinping’s corruption crackdown on the nation’s sprawling financial sector is accelerating, reaching the upper levels at some of China’s premier institutions and further unnerving …
Challenges, opportunities galore for China’s export firms
China’s foreign trade grew well in the first quarter－up 10.7 percent year-on-year to 9.42 trillion yuan ($1.48 trillion)－but factors like weakening overseas demand don’t bode well. In fact, they …
The Commodities Feed: China demand concerns weigh on oil
Oil has been unable to escape the broader risk-off move across markets. Equities and commodities took a hit on Friday. ICE Brent settled more than 1.5% lower on the day and this weakness has continued…
After licence freeze, China’s game industry sees tough recovery
Beijing is continuing its strict oversight of the gaming sector despite lifting nine-month freeze on new titles.
China’s Weak Equity Market Reflects Poor Economic Performance. It’s The Business Cycle.
China has shown disappointing economic growth. China’s stock market reflects a system that is stifling growth and profitability.
Multinational companies active in entering new sectors in China
Eyeing China’s increasingly booming new sectors, representatives from multinational companies shed light on their new investment projects and businesses in the country at the Boao Forum for Asia …
How Long Can China’s Economy Handle Zero COVID?
Chinese President Xi Jinping’s zero tolerance toward COVID and the conflict in Ukraine have begun to slow down China’s economy.
Sorry, China. Most Americans Support Higher Prices On Your Imports.
Schaben / Los Angeles Times via ) An overwhelming number of U.S. registered voters say they support higher tariffs on goods imported from China. According to a poll released this week by Morning …
Buyers Beware: China’s Military Sales are Unreliable, Poor Quality
By N.C. BIPINDRA Of late, China has raised security concerns in the Indian Ocean region with strategic military sales like submarines to Bangladesh and Pakistan. China contends to be a key defense …
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