A U.S. order to ban exports of some advanced chips to China is likely to hit almost any major tech company running public clouds or advanced artificial intelligence training modules in the country, …
FINANCE
2 Major Traps on China’s Path to Global Leadership
There are at least two major obstacles that China will have to get over on its path to global leadership, one domestic and one outward-facing.
Oil Prices Under Pressure As China Expands Covid Lockdowns
China has locked down the city of Chengdu … Prices could fall further later today as G7’s finance ministers are gathering to discuss their idea of imposing a price cap on Russian oil sold …
Oil drops on fears over weaker demand, China’s COVID restrictions
China’s factory activity contracted for the first time in three … while gasoline stocks were down 1.2 million barrels. Finance ministers from the Group of Seven club of wealthy nations will discuss …
Oil falls on greater supply, lower China demand
Oil prices fell in early Asian trade on Thursday, due to increased supply and worries about global economic slowdown with renewed Covid restrictions in China.
China ratchets up financial support for infrastructure projects
Provided by Xinhua by Xinhua writers Guo Xiaoyu Hu Wenjia Zhang QianqianBEIJING Aug 31 Xinhua — China is channeling more financial support to …
China opens up to foreign investment with new law
The newly introduced Futures and Derivatives Law brings the country’s financial services market in line with international standards, welcoming foreign financing.
Dalian iron ore marks third monthly fall on China economic woes
Dalian iron ore fell on Wednesday, marking their third straight monthly drop, after a survey showing a contraction in China’s factory activity raised doubts about an economic rebound in the world’s …
China Construction Bank says economy faces large downward pressure this year
China Construction Bank said on Wenesday the Chinese economy faces fairly large downward pressure this year. The comments were made by Zhang Jinliang, president of CCB in a press conference following …
China’s ‘zero-Covid’ policy pushes ‘Big Three’ to record first-half losses
China’s three largest carriers widened their half-year losses, as they count the economic costs of China’s continued zero-infection policy, which has dampened travel demand.
China’s SMEs show stable development in Jan-July period
GU HUAXIA/FOR CHINA DAILY BEIJING — China’s small and medium-sized enterprises … Preferential policies have been rolled out to ease the financial burden of smaller businesses and further boost …
China coal shares soar as investors bet economics trump emissions
China’s coal index (.CSI000820 … significantly ahead of the 0.5% the finance ministry forecast when it upgraded its estimates just last month.
US, China Agree on Protocol for American Accounting Regulators to Inspect Audit Firms Based in China and Hong Kong
On Aug. 26, 2022, the U.S. Securities and Exchange Commission (SEC) issued a Statement on Agreement Governing Inspections and Investigations of Audit Firms Based in China and Hong Kong. Unde …