While much of the rest of the world contends with inflationary pressures, many economists say China is tussling with the inverse phenomenon: deflation. What’s deflation, and what are the implications …
FINANCE
EXCLUSIVE: GOP finance chiefs demand answers from BlackRock over ESG ‘woke capitalism’ agenda and iffy trades in coal, China, and climate change
Meanwhile, BlackRock has ‘poured billions of dollars into China’ as the first foreign firm allowed to operate … well-paid mutual fund directors are positioned to speak up. The GOP finance chiefs …
China trade: 4 takeaways from July’s data as exports tumbled by most since start of pandemic
China’s exports fell by 14.5 per cent last month from a year earlier, dropping by the fastest pace since February 2020 Imports fell by 12.4 per cent in July from a year earlier, and analysts…
Stock Market Tumbles As Earnings, China Send Chill; Only This Sector Escapes Selling
The stock market indexes fell 1% or more at midday Tuesday in a broad decline that caused sell signals for some stock market leaders.Please watch the video at Investors.com – Bidenomics: IBD/TIPP …
China reports sharpest drop in exports since 2020
China last month suffered its biggest fall in exports for more than three years, official data showed yesterday, as the world’s second-largest economy is battered by sluggish global demand and a domestic slowdown.
ChatGPT’s rise has China scrambling to catch up in an A.I. arms race that will determine global ‘wealth, power, and influence’
A.I. “has become a proxy in the battle for primacy between China and the U.S.,” says Kerry Brown, director of the Lau China Institute at King’s College London, and “whoever inches ahead in this form…
German airport operator Fraport nudges up outlook, sees huge 2024 China boost
Frankfurt Airport operator Fraport on Tuesday said its 2023 core profit would hit the upper half of its forecast range after second-quarter earnings were boosted by strong travel demand.
Stock market today: Wall Street dips in premarket on Chinese export data, Moody’s bank downgrades
BEIJING — Wall Street futures slid Tuesday after new data showed sharp declines in Chinese exports and Moody’s downgraded the credit ratings of a number of smaller U.S. lenders. Futures for the S&P …
Stocks slide, weighed down by worries about banks and China: Stock market news today
Stocks sank on Tuesday, set to open in the red after surprisingly weak Chinese trade data and a warning about US bank health sent shivers through markets.
China’s Largest Surviving Developer Hits Debt Crisis
Country Garden Holdings, once lauded by China’s authorities as a model for others, missed interest payments on two U.S. dollar bonds.
China allocates 732 million yuan to agriculture disaster relief work
China on Tuesday allocated disaster relief funds totaling 732 million yuan about 1023 million US dollars to support the recover …
China’s Real Consumer Lending Rates Fall to as Low as 3% as Banks Vie for Clients
Lending rates at several large state-owned banks and joint-stock banks in Beijing have fallen along with China’s benchmark loan prime rate, and the minimum consumer lending rate is generally between 3 …
China’s central bank conducts 6b yuan reverse repos
BEIJING – China’s central bank conducted 6 billion yuan ($838.4 million) of seven-day reverse repos at an interest rate of 1.9 percent Tuesday. The move is aimed at keeping liquidity reasonable and …
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