Minutes of the June meetings of the U.S. Fed and the ECB, plus the latest inflation data from China – here’s a rapid tour of next week’s top economic events and themes to be covered…
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US targets China refinery in sweeping Iran oil crackdown, sanctions ‘shadow fleet’ tankers
Lancet medical journal declined US Senate COVID origins ask
Leading with LUXEED V9 Debut at Beijing Auto Show , the Full Lineup Unveils a New Vision of Intelligent Premium
Senate hopeful says US should be ‘far more cooperative’ with China to fight climate change
At Beijing auto show, Chinese carmakers flaunt new technologies as global competition heats up
A former ByteDance engineer says China’s AI industry is ‘far behind’ the US — and the gap is getting worse
White House accuses China of copying American AI models in ‘industrial-scale’ campaign
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Fed, ECB minutes and all eyes on China inflation
China’s exports of coronavirus-critical medical products nearly tripled in 2020, with US$105 billion in goods shipped
The value of Chinese exports critical to combating Covid-19 surged from US$38 billion in 2019 to US$105 billion in 2020, according to the World Trade Organization (WTO).
Corona Virus Outbreak Had Spread in East Asia 20,000 Years Ago
An international team of scientists say they have found traces of an ancient plague in the ancestral genetic makeup of East Asians. An international study found that plague corona virus ever spread in …
Asian shares higher, but China down after tough talk from Xi
Shares are mostly higher in Asia, though markets in Shanghai and Hong Kong declined a day after the Chinese Communist Party marked its centenary with tough talk by Chinese President Xi Jinping …
H&M: Fashion giant sees China sales slump after Xinjiang boycott
Swedish fashion giant H&M saw its sales slump in China, months after it became the target of a Chinese boycott. H&M was among several brands that raised concerns over alleged human rights abuses …
China’s economy may grow 7% this year, professor says
Despite the market predicting that China’s economic growth may reach 8.5% this year, Michael Pettis, a finance professor at Peking University explains why he thinks “they’re wrong.” …
Morgan Stanley Downgrades China’s Property Sector on Policy Risk
Morgan Stanley downgraded its outlook on China’s property sector amid risks policy makers may take steps to cool down the overheated market and further prompt developers to cut their debt levels.
China’s property development glory days are over, Vanke says
China Vanke has said it will give more weight to real estate management and services, as the country’s largest property developers tweak business models to bolster profitability amid tighter …
Central bank conducts 10B yuan of reverse repos
China’s central bank Thursday conducted 10 billion yuan (about 1.55 billion U.S. dollars) of reverse repos to maintain reasonably ample liquidity in the banking system. The interest rate for the seven …
China Stocks Slump Most in Three Months After Party Centenary
Chinese equities slid the most since mid-March as investors rushed to offload shares after the ruling Communist Party’s 100th anniversary celebrations.
U.S. toymaker doubles down in China despite rising costs, political tensions
But Ryan Gunnigle, the chief executive of Kids2, is swimming against that tide. The Atlanta-based maker of toys and infant products recently opened the first phase of a factory on the banks of the …
Asia crypto sector stays confident despite China regulatory curbs
And in late June the U.K. barred Binance, the world’s largest cryptocurrency exchange by trading volume, from offering regulated services, including trading crypto derivatives. Meanwhile, in South …
China pledges funds to boost infectious disease prevention
China will provide funding to build new institutions and infrastructure to fight infectious diseases and improve healthcare, the state planning body said in a “five-year plan” for the sector.
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