Economists caution that China’s export sector could continue to suffer as the U.S. and other nations cut spending.
FINANCE
Oil dips 2% on strong dollar, economic worries outweigh China hopes
Oil dropped 2% on Tuesday after two sessions of gains as jitters about the global economic outlook and a stronger dollar outweighed hopes of higher Chinese demand and expectations of a drop in U.S.
China Maps Out Plan to Bolster Foreign Trade
The cabinet issued a set of measures Tuesday designed to support foreign trade and expand the export market amid weak global demand. The measures include promoting major trade fairs, streamlining visa …
Will China’s Push for Multipolar World End US Global Domination?
What most of the world wants, in fact, is rules written in a multipolar or multilateral setting,” says Jeffrey Sachs.
Islamabad assured of Beijing’s continued support
As uncertainty regarding the agreement with the International Monetary Fund continues, Finance Minister Ishaq Dar was assured Tuesday of the Chinese government’s continued support by …
Overseas News & US Dollar Strength Outweigh China’s GDP Recovery
Asian equities were mixed overnight with Australia closed for Anzac Day, which is in honor of Australians and New Zealanders “who served and died in all wars,” according to Google, while Pakistan and …
3 Chinese Stocks Taking a Hit Amidst Regulatory Crackdowns in China
The regulatory tightening in China, which started in late 2020, intensified in terms of duration and scope. The Chinese government issued antitrust and antimonopoly laws, putting significant pressure …
HSBC, Standard Chartered ready first-quarter report cards as investors watch for financial stresses, China growth signs
Investors will be closely watching for any signs of financial stress as well as fresh guidance on the pace of China’s economic recovery as Hong Kong’s biggest banks, including HSBC and Standard …
Mitsubishi Motors takes one-time $78 mln hit from China woes
Mitsubishi Motors Corp will take a one-time hit of 10.5 billion yen ($78.31 million) related to slowing sales at its China unit, it said on Tuesday, as mounting competition in the world’s largest auto …
Illegal fundraising cases drop in China for 3 consecutive years
Cases of illegal fundraising have decreased in China for three consecutive years, and so has the amount of money and people involved, according to a recent cross-ministry meeting. The relevant meeting …
China’s Politburo meeting critical for traders as they eye new bets after reopening, AI trades fade
Traders will be looking for policy clues from the Politburo meeting headed by President Xi Jinping in Beijing this week as the Communist Party’s top decision-making body reviews the country’s …
Investor confidence in China’s yuan and financial markets hangs on stability
China’s strong economic fundamentals are a big plus in its push for renminbi internationalisation. The trick lies in liberalising its financial markets at just the right pace, without exposing them to …
China’s local government debt risk controllable: experts
China’s overall government debt ratio remains low compared with other major economies, and the country’s local government bond debt risk is controllable, as a strong economic rebound provides support …
