Predictably, a number of overseas media outlets have taken issue with China’s tightening regulation of China’s major internet players, and Beijing’s new measures to outlaw after-school …
FINANCE
Mixed trend in commodities may continue until clarity about virus situation, China’s economic health, Fed monetary policy
Commodities closed weaker this week amid persisting worries about the health of Chinese economy, rising virus cases and continuing debate about Federal Reserve’s monetary policy. While commodities …
Huawei, Kunlun and China’s tech giants drive a quiet revolution in Africa’s fintech with mobile payment apps and wallets
A digital revolution is quietly under way in Africa, as dozens of electronic wallets have sprouted on the continent for users to transfer money digitally through their smartphones, some of them …
China’s forex reserves rise in July
China’s foreign exchange reserves rose to $3.24 trillion at the end of July, up $21.9 billion from a month earlier, official data showed Saturday. The volume went up 0.68 percent from the end of June,…
Can China’s forgotten rich oldies power the Chinese economy?
Top Chinese economist Fan Gang thinks China will soon see a new engine of economic growth — from a newly retired generation whose purchasing power will boost consumption levels. But not everyone is as …
While others flee China, Wall Street is scrambling into the dragon’s jaws
Investors in China may be feeling jittery after Beijing’s recent crackdowns on education and tech, but the world’s biggest asset managers aren’t among them.On F …
Could China’s rising household debt threaten Beijing’s consumer-led growth vision?
Chinese households are borrowing to the hilt to invest in the country’s economic recovery, but growing debt is eating up disposal income that could otherwise be used to buy goods and services.
China Renaissance Announces Positive Profit Update
China Renaissance’s significant profit increase over the prior year was largely driven by the Company’s robust investment banking transaction pipeline utilizing its underwriting capabilities for …
China export growth slows sharply in July as favourable base effect from year earlier fades
China’s exports grew by 19.3 per cent in July compared with a year earlier, while imports grew by 28.1 per cent last month year on year, data released on Saturday showed.
China’s July forex reserves rise to $3.236 trillion
China’s foreign exchange reserves rose more than expected in July, official data showed on Saturday, likely due to changes in the value of currencies and global assets that it holds. The country’s …
China Moly to spend US$2.5 billion to double copper, cobalt output at Congo mine
China Molybdenum Co said on Friday it would spend US$2.51 billion to roughly double production of copper and cobalt at its giant Tenke Fungurume mine (TFM) in the Democratic Republic of Congo.The bump …
Unpredictable regulation dents China’s short-term appeal, global fund managers say
The unpredictability of China’s regulatory measures make the country unappealing to foreign investors in the short-term, following its latest crackdowns on the technology, property and education …
Beijing’s debt nightmare
Fears about China’s debt are growing. Despite the post-COVID-19 economic recovery in the second half of 2020, China’s accumulated debt reached 280 per cent of gross domestic product (GDP). According …
