Transactions in China’s long-term sovereign bond futures are cooling as traders hold off making bets in the market given continued tariff disputes with the US.
FINANCE
Bessent says China has a ‘choice’ on whether or not to be a reliable partner
He reiterated China needs to shift to a more consumption-led economy to help ease global imbalances. Read more at straitstimes.com. Read more at straitstimes.com.
Apple Can’t Leave China, With or Without Tariffs
During President Donald Trump’s first term, he famously toured a Texas factory and claimed credit for bringing Apple Inc. production back to America. Except the plant had been running long before he …
Rising Stocks And Contracting Economies – Foreboding Financial Setup
China’s Caixin purchasing managers’ index unexpectedly fell in May to 48.3 (sub-50 signals contraction) as US tariffs took a toll on smaller exporters. Click to read.
China can choose to be ‘a reliable partner’ or not: Bessent
The US treasury secretary said the way for China to bolster its economy “is through a level of fiscal stimulus and to stop over-manufacturing”.
Wall Street drifts as financial markets worldwide hold relatively steady
U.S. stocks are drifting, and financial markets worldwide are holding relatively steady as the wait continues for more updates on President Donald Trump’s tariffs and how much they’re affecting the …
Trump trade war has caused these 3 consumer companies to aggressively rethink China
They are picking up the nuts and bolts from their legacy China operations and moving to relatively smooth trade partners such as India and Thailand. The goal: Protect profits and protect the stock …
Trump isn’t Beijing’s only trade headache, as the EU targets Chinese medical devices
Chinese companies are now blocked from bidding for public procurement tenders for medical devices for contracts valued over $5.7 million.
Citigroup Appoints New China Banking Head
Citigroup Inc. (NYSE:C) confirmed the appointment of Wenjie Zhang as its new country officer and China banking head. He is taking over following Luke Lu’s exit in November last year. He will fill the …
China’s factory output suffers sharpest decline since 2022
Caixin revealed that China’s manufacturing activity dropped to its lowest level since September 2022, while official PMI contracted for a second month in May.
Cash-strapped Beijing drinkers turn to unlicensed ‘home bars’
The proliferation of illicit bars is a reminder that the world’s second-largest economy was already suffering from weak consumption even before the tariff war.
Online broker Tiger to double Hong Kong headcount, targets offshore China wealth
HONG KONG (Reuters) -Tiger Securities plans to double its headcount in Hong Kong over the next two to three years as the online brokerage targets a bigger share of the growing offshore Chinese wealth …
China’s Rare Earths Grip Gives Xi Leverage in US Trade Duel
After the US and China agreed in Geneva to lower tariffs from astronomical heights, tensions are now surging over access to chips and rare earths. And Beijing increasingly appears to have an edge.Most …
