The extreme summer heat of 2023 has made it a great year for Chinese air-conditioner manufacturers. According to the Chinese financial publication Yicai, the El Niño phenomenon caused temperatures to …
FINANCE
Flashfloods kill 7 in southwestern China, death toll climbs to 33 in Beijing downpour
At least seven people died on Wednesday due to flashfloods in southwestern China, officials said. “Four (missing people) have been rescued, while seven have already been confirmed dead,” broadcaster …
China Consumer Prices Fall. It’s Not Quite Deflation But a Sign of a Faltering Economy.
Chinese consumer prices fell in July for the first time since the depths of the pandemic, the latest indication that the world’s second-largest economy is weak. The consumer price index declined 0.3% …
How China is responding to economic challenges
China on Wednesday reported it had entered deflation for the first time since 2021 — the latest indicator pointing to a slowdown in the world’s second-largest economy.Here’s how Beijing is attempting …
Stock market today: Asia shares mostly decline after Wall Street slide on bank worries
Asian shares are mostly trading lower after worries about the U.S. banking system set off a decline on Wall Street and amid concerns closer to home about Chinese economic growth.
Asian shares weaken slightly on China deflation risk, bank jitters
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.
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 …
