China’s export boom is long over. Its property slump is not. And, therefore, deflation beckons. Ever since China imposed its first brutally effective lockdown on Wuhan in early 2020, its economy has …
Recent Posts
A 300,000-year-old skull found in China may be from a new branch of the human family tree
An ancient skull dating back 300,000 years is unlike any other premodern human fossil ever found, potentially pointing to a new branch in the human family tree, according to new research.
How floods and extreme heat could test China’s one-party system
Recent disasters highlight a pair of challenges testing China’s one-party political system, known for its strong top-down approach.
There’s another real-estate crisis brewing in China — and it could even be worse than Evergrande’s 2021 woes
China’s property sector is teetering on another Evergrande moment, as a developer with almost $200 billion of debt is in deep trouble.
China expands the number of countries for travel by its big-spending tourists
China has increased the number of countries that its big-spending tourists can visit by more than 70 following the lifting of its last COVID-19 travel restrictions.
Guangdong sees import export gains in July
Guangdong’s import and export volume from private enterprises reached 2.74 trillion yuan from January to July, a year-on-year increase of 6 percent, accounting for 60.3 percent of the province’s total …
WHO classifies EG.5 Covid-19 strain as ‘variant of interest’
The EG.5 strain of the coronavirus was classified ‘variant of interest’ by the World Health Organisation. The health body, however, said the variant did not pose a threat to the public health.
Shenzhen Airport takes aim at e-commerce as volumes soar
Shenzhen Bao’an International Airport’s cross border e-commerce volumes doubled in the first seven months of the year and it expects a further increase in …
UK considers response to U.S ban on tech investments in China
Britain said on Thursday it was weighing how to respond to a decision by U.S. President Joe Biden to prohibit some tech investments in China, adding it was continuing to assess potential national security risks.
‘BRICS bank’ looks to local currencies as Russia sanctions bite
Hobbled by the impact of sanctions against founding shareholder Russia, the New Development Bank (NDB) set up by the BRICS countries needs to increase its local currency fundraising and lending, South Africa’s finance minister told…
Marketmind: No Respite From China Woes
Over in Asia, investors remained worried about China’s post- pandemic stuttering recovery after data on Wednesday showed it tipped into deflation. MSCI’s broadest index of Asia-Pacific shares outside …
Crypto Market Remains Stable, Bitcoin Once Again Crosses $30,000-mark
Hudda pointed out that BTC (-0.6 per cent) is beginning to show some strength and investors are foreseeing a see bullish trend building up. According to market data, BTC’s open interest data is …
(LEAD) China to resume group tours to S. Korea
China’s tourism authorities said Thursday they have decided to lift the ban on group tours to South Korea, ending a six-year hiatus caused by frayed relations following the deployment of a U.S.
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