China’s onshore yuan moved away from a three-week low … with consumer prices falling by more than expected in the month to mid-July. The central bank cut interest rates by 50 basis points last week.
FINANCE
Asian shares hesitant on China deflation risk, bank jitters
Asian shares were on the defensive on Wednesday after data showed that China slipped into deflation in July, a negative sign for the global growth outlook although it could serve as a damper on global…
China’s major state-owned banks seen selling dollars to slow yuan declines – sources
The state banks usually act on behalf of China’s central bank in the country’s foreign exchange market, but they could also trade on their own behalf or execute their clients’ orders. The dollar …
Dollar firm on safe-haven demand as markets fret over China, banks
The dollar remained on the front foot in Asia on Wednesday, holding on to overnight gains against major peers as investors sought the safety of the currency amid risks from a floundering Chinese …
Asian shares hesitant on China inflation data, US bank jitters
Asian shares were on the defensive on Wednesday after China inflation data confirmed the recovery in the world’s second-biggest economy is losing steam, while resurfacing concerns about U.S. bank …
Asian markets struggle after more weak China data
Asian markets wavered Wednesday after data showing the first drop in Chinese consumer prices compounded worries about the world’s number two economy.The 0.3 percent drop in China’s July consumer …
Asian shares hesitant on China’s CPI, US bank jitters
SYDNEY: Asian shares were on the defensive on Wednesday after China inflation data confirmed the recovery in the world’s second-biggest economy is losing steam, while resurfacing concerns about US …
China inflation: consumer prices fall for first time since 2021, adding to deflation concerns, but factory-gate contraction narrows
China’s consumer prices fell for the first time since early 2021 amid the risk of a “low inflation trap” that could weigh on already lacklustre demand and an underpowered economic recovery. The …
China’s exports are falling, and that’s a bad sign for the global economy
China’s exports fell 14.5% in July. The country’s trade data is a barometer for consumer spending around the world.
China’s record high 21% youth unemployment could actually be as high as 46.5%. Blame fake jobs and 16 million workers ‘lying flat’
In an attempt to fix misleading unemployment data, China is cracking down on universities that fudge employment numbers for their graduates.
Marketmind: China Seen Sliding Into Deflation
Moody’s cut ratings on 10 small- to mid-sized lenders by one notch and placed six banking giants on review for potential downgrades. After coming within 5% of their lifetime highs last month, the S&P …
Dwindling Trade Highlights China’s Shrinking Role as Workshop of the World
If you’ve seen fewer “made in China” labels on the products you buy, it’s no accident: trade between the U.S. and its biggest Asian trading partner has diminished as manufacturers have left China for …
China deflation risks could hit investors worldwide
August 8, 2023 (Investorideas.com Newswire) As China grapples with a serious deflation threat, investors worldwide must prepare for the fallout and adjust their strategies accordingly, warns the CEO …
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