A swathe of poor economic data in China is putting pressure on the price of iron ore, which is struggling to hold above the key psychological level of $100 a metric ton.
BUSINESS
China Slashes Rates, Suspends Youth Jobless Data as Economy Signals Sharper Downturn
SINGAPORE—Chinese officials said they would stop reporting the country’s youth unemployment rate after months of spiraling increases, depriving investors, economists and businesses of another key data …
China’s Central Bank Unexpectedly Slashes Rates To Bolster Struggling Economy
Unlike some other global central banks, China has loosened its monetary policy to boost a stalling recovery while others tighten their grip to fight high inflation. This decision has further widened …
China’s July oil refinery runs rise to meet domestic, export demand
China’s oil refinery throughput in July rose 17.4 per cent from a year earlier, data showed on Tuesday, as refiners kept output elevated to meet demand for domestic summer travel and to cash in on…
China cuts key rates as weak batch of July data darkens economic outlook
A broad array of Chinese data on Tuesday highlighted intensifying pressure on the economy from multiple fronts, prompting Beijing to cut key policy rates to shore up activity but analysts say more support is needed…
China is on course to overtake Japan and become the world’s No.1 car exporter
China is on course to overtake Japan to become the world’s number one car exporter by the end of the year, according to Moody’s Analytics.
Stock market today: Asian stocks mixed after China reports weak July data and cuts key interest rate
Asian stock markets are mixed after China reported weak July consumer and business activity and its central bank cut a key interest rate to shore up the struggling economy
China is on course to overtake Japan to become the world’s No.1 car exporter
China is on course to overtake Japan to become the world’s number one car exporter by the end of the year, according to Moody’s Analytics.
China skips giving update on surging youth unemployment as economic slump deepens
China’s government has skipped giving an update on a politically sensitive spike in unemployment among young people as official data showed an economic slump deepened in July.
As the U.S. and China move apart, two big banks are bucking the trend
JPMorgan Chase and Citigroup are funneling more investment into China, even as relations between the countries sour and Washington bans U.S tech investments that could bolster its rival’s military …
China’s Average Wages – Trends and Implications for Businesses
Average salaries in China have more than doubled over the last decade, providing new opportunities and challenges for businesses.
China’s gold prices rising higher than rest of world due to import curbs
The swing to a premium is being driven by tighter supply in China, the World Gold Council said in a report last week.
A Crypto Mystery: Who Controls This Fast-Growing Stablecoin?
A $3 billion mystery is gripping the crypto market. TrueUSD is one of the fastest-growing stablecoins—cryptocurrencies pegged to real-world money such as the U.S. dollar that investors use to trade in …