Beijing is functioning normally despite rainstorms gripping the Chinese capital from Saturday night due to the impact of the remnants of Typhoon Doksuri. No casualties or vehicle damage had been reported as of Monday morning.
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No casualties or vehicle damage reported in Beijing following tail end of Typhoon Doksuri
China Stock Rally Picks Up as Beijing Walks the Talk on Policy
Chinese stocks extended their gains from last week as Beijing backed up its pledge to shore up the economy by announcing more measures to boost consumption and support the ailing property sector.
China economic recovery weakens, spurring measures from Beijing
“July PMIs suggest China’s overall economic momentum stayed weak at the start of 2H, but the underlying composition is shifting. The gauge tracking services showed unexpected deterioration, with the drag from the property slump outweighing…
China’s tech crackdown cost over $1 trillion. But the economy is in such deep trouble that the country’s cozying up to its tech firms again.
Local governments in China are wooing deals with tech giants to build on the so-called “platform economy,” per the SCMP.
China factory activity shrinks in July, adding to pressure to reverse economic slump
A survey shows Chinese factory activity contracted in July as export orders shrank. That adds to pressure on the ruling Communist Party to reverse an economic slowdown.
A New Semiconductor Shortage? What China’s Export Restrictions Mean For Big Tech
Via Metal Miner China’s announced restriction on the export of gallium and germanium goes into effect in August. Both of these …
Morning Bid: Beijing stimulus given benefit of the doubt
China’s July PMIs were mixed with manufacturing steadying at 49.3 but services slowing to a disappointing 51.5. Yet that merely stoked wagers Beijing would have to dole up sizable stimulus at some point or risk…
China’s factory, services sectors show weakness, need for stimulus
China’s manufacturing activity fell for a fourth straight month in July while the services and construction sectors teetered on the brink of contraction, official surveys showed on Monday, threatening …
China’s biggest cities vow to introduce steps to boost property sector
China’s biggest cities including Beijing and Shenzhen said over the weekend they would implement measures to better meet the needs of homebuyers, without giving details, aiming to prop up a property sector that is seeing…
Despite booming trade, US-China relationship evolving into an ‘ideological rivalry’
The US imported $ 575.69 billion worth of goods from China in 2022, the highest value of imported goods since 2018, according to the United Nations Comtrade Database. Despite an increase in the trade …
Shell to export LNG to China under new deal
UK supermajor Shell has signed an agreement with China’s state-owned PipeChina to export liquefied natural gas to the world’s largest energy consumer.
India’s accelerating growth can fill the global commodity demand gap left by a slowing China
India can make up for some of the commodity demand gap left by China given the latter’s slowing economic growth, ANZ projects.
Why Beijing and Hong Kong’s complaints about Fukushima wastewater are hypocritical
Nowhere has the plan been more officially opposed than in China. Beijing has accused Japan of being “extremely irresponsible,” of violating its “international moral and legal obligations” and of treating the ocean like a “private…
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