Analysts say China’s reopening is “encouraging news” that could spark a short-lived rally in stocks, but after that, “choppy trading” lays ahead.
FINANCE
China sends 71 warplanes toward Taiwan after the U.S. signs defense bill offering protection
China’s army sent fleets of jet fighters and other military aircraft into Taiwan’s air defense zone on Sunday as part of a military drill Beijing says was a response to “provocation” from the U.S. and…
Vietnam central bank buys dollars to shore up reserves after selloff
An employee counts U.S. dollar bank-notes near Vietnamese dong bank-notes at a bank in Hanoi, Vietnam August 12, 2015. REUTERS/Kham …
Dollar recovers as investors digest China’s loosening of COVID rules
The dollar pared losses on Tuesday after China said it would scrap its COVID-19 quarantine rule for inbound travellers – a major step in reopening its borders that boosted risk-related currencies such …
Reopening of China’s economy could pump up petrol prices
Drivers face higher prices at the pumps as the easing of China’s coronavirus restrictions pushes up the price of oil. The price of Brent crude has jumped from $76 per barrel to $84 since Beijing…
China Pledges More Support for Covid-Hit Service Sector
China’s banking and insurance regulator said it would ramp up financial support for businesses in the service sector that had been hammered by Covid-19 outbreaks.
Futures Climb as China Eases COVID Curbs
China said it would stop requiring inbound travelers to go into quarantine starting Jan. 8, a major step in reopening its borders, adding that it would also downgrade the seriousness of COVID as it …
China to step up financial support to COVID-hit catering, tourism sectors
China will step up support to small and private businesses in the catering and tourism sectors that were hit hard by the COVID-19 epidemic, the country’s banking and insurance regulator said in a …
What’s News: Business & Finance
Business & Finance …
China stocks extend gains as Beijing dismantles zero-Covid with border reopening in early 2023
Onshore stocks advance as Beijing continues to dismantle its zero-Covid regimen. It will downgrade the coronavirus on January 8, and scrap quarantine for arrivals.
Interview: Egyptian economist says China’s economic future bright, set to bolster global recovery
The future of China’s economy is bright and set to play a significant role in aiding a global economic recovery, said Waleed Gaballah, professor of financial and economic jurisdictions at Cairo …
We’re more positive on China than we’ve ever been, says asset management firm
James Morton of Santa Lucia Asset Management says there’s “no real point doing bonds in China anymore,” and stocks are “the place to be.” …
Officials: China has survived worst moment
BEIJING: China’s economy has survived the most difficult phase and the country’s optimised Covid-19 response measures will have a positive effect on the economic recovery, according to officials and …
