China’s foreign-exchange reserves rose in November, thanks to a continued trade surplus and other valuation effects.
FINANCE
China FX reserves rise more than expected to US$3.117 trillion in November
BEIJING: China’s foreign exchange reserves rose more than expected in November, central bank data showed on Wednesday (Dec 7), as the dollar weakened against other major currencies. The country’s …
China buys Russian ESPO crude at multi-month low discounts, brushes off price cap
China is paying the deepest discounts in months for Russian ESPO light crude oil amid weak demand and poor refining margins, though the effective prices refiners pay could exceed a price cap imposed …
China’s Xi Jinping Visiting Saudi Arabia Amid Bid To Boost Economy Weighed Down By COVID
Chinese leader Xi Jinping is attending a pair of regional summits in Saudi Arabia this week amid efforts to kick-start economic growth weighed down by strict anti-COVID-19 measures.
China announces nationwide loosening of Covid curbs
China on Wednesday announced nationwide loosening of coronavirus restrictions allowing home quarantine for covid close contacts and scrapping covid test rule i …
China trade plunges in November, Bank of Canada decision up next
Having seen another lacklustre and negative session for European and US markets yesterday there appears very little interest to drive markets higher in the short term, as we look ahead to next week’s …
China’s exports figures likely to become worse, says economist
Dan Wang, Shanghai-based chief economist at Hang Seng Bank says that while the demand in China’s has rebounded, it has been slower than expectations, and that she does not expect export figures to …
What to Expect From China in 2023
What should the world expect from China in 2023? How will Beijing manage its economy? How will it handle dissent? What role will it play in Russia’s war in Ukraine? And how will China navigate…
Chinese financial house agrees to invest in SBM’s producing Sapinhoa FPSO
Holding Company (CMFL) has agreed to invest in another floating production, storage and offloading vessel owned by the global FPSO giant SBM Offshore. The latest investment reflects the Chinese …
China Considers GDP Target of About 5% as Focus Shifts to Growth
(Bloomberg) — Senior Chinese officials are debating an economic growth target for next year of around 5%, according to people familiar with the discussion, as Beijing shifts gears toward bolstering …
Pak concedes to China’s demand for opening revolving bank account, move to upset IMF
Pakistan took eight years to implement the important clause and the delay not only caused friction in relations with China but also led to over USD 1 billion being stuck in arrears for Chinese …
Deutsche Banks says buy Estee Lauder ahead of China reopening — a move we started in September
Deutsche Bank Tuesday upgraded Club holding Estee Lauder (EL) on the back of an expected reopening of China’s economy, in line with the Club strategy of buying up the cosmetics giant’s stock as …
China’s economic outlook has ‘darkened noticeably,’ IMF’s Gopinath says
The economic outlook for China is darker than had been expected, said Gita Gopinath, the No. 2 official at the International Monetary Fund on Tuesday.
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